1010 Haul Rd
Page, AZ 86040
Taco Bell | New 19-Year Absolute NNN Lease · Retail Property For Sale

CBRE and the Net Lease Property Group in Phoenix have exclusively listed this single-tenant Taco Bell at 1010 Haul Road in Page, Arizona (The “Property”) for sale. The Property is strategically located in a shopping center on US Route 89, the primary travel route to Lake Powell for visitors from the Southwest. The investment consists of a brand-new 19-year single-tenant absolute triple (NNN) lease with Taco Bell. The lease includes an attractive 7.5% rental increase every five years in the initial term and throughout the four (4), five (5) year option periods. The Property is made up of ±2,396 rentable square feet on approximately 41,673 square feet of land. The restaurant is strategically located within the primary retail corridor less than four miles from Lake Powell, which draws in roughly 3 million visitors per year (Source: Utah.com). Having several hotels within walking distance of the Property, it is well-positioned to take full advantage of Page’s active tourism. Nearby national retailers include: Walmart, Shell, McDonald’s, Jack in the Box, O’Reilly Auto Parts, Subway, Burger King, and many more. Taco Bell Corp., a subsidiary of Yum! Brands, Inc (NYSE: YUM), is the nation’s leading Mexican-inspired quick service restaurant (QSR) brand. From breakfast to late night, Taco Bell serves made-to-order and customizable tacos and burritos, among other great choices. Taco Bell proudly serves over 42 million customers each week through nearly 7,000 restaurants across the nation, as well as through its mobile, desktop and delivery ordering services (Source: Tacobell.com). The Property is located in the city Page, Arizona, which is approximately five hours north of Phoenix and five hours east of Las Vegas. The town of Page was established in 1957 as a temporary place to live for workers building the Glen Canyon Dam, but the people settled and grew the town into a permanent place to live. Page is surrounded by highly-acclaimed attractions for visitors from across the nation, including Lake Powell, Horseshoe Bend, Antelope Canyon, and much more. Page is the center of over 40 National Parks, National Recreation Areas, National Monuments, and Tribal Parks. Hotels, restaurants, guided tours, and golf courses make Page an enjoyable experience for its many visitors year-round (Source: VisitPageLakePowell.com).