847 Miller Valley Rd
Prescott, AZ 86301
Taco Bell | Rare 20 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 847 Miller Valley Road in Prescott, Arizona (The “Property”) for sale. The Property is located at the intersection of Miller Valley Road and Iron Springs Road in the heart of Prescott. The investment consists of a brand-new 20-year single-tenant absolute triple (NNN) lease with Taco Bell (dba Desert De Oro Foods Inc). The lease includes attractive 7.5% rental increases every five years in the initial term and throughout the four (4), five (5) year option periods. The Property is made up of +2,515 rentable square feet on approximately 31,363 square feet of land. The restaurant is in a very desirable area of Prescott, located across the street from Yavapai Regional Medical Center West (±135 beds), and down the street from Prescott High School (±1,528 students). National retailers in the area include: Fry’s Grocery (Kroger), Safeway, Walmart Supercenter, Goodwill, Chase Bank, Wells Fargo Bank, Bank of America, CVS Pharmacy, McDonald’s, Carl’s Jr, among others. 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. Please see page 8 in the offering memorandum for more details on the successful tenant Desert De Oro Foods, Inc (Source: Tacobell.com). Prescott is a great place to do business, in part because it is a desirable destination to live. Prescott is located ±90 miles from the Phoenix metro area with cool summers, over 450 miles of trails, five area lakes and several golf courses. The western heritage draws visitors to Prescott’s historic downtown to explore Whiskey Row, the Courthouse Plaza and a variety of museums, art galleries, shops and restaurants. Many visitors fall in love with Prescott, and later plan to live here, or in some cases, expand or move their business enterprise here (Source: Prescott Economic Development Magazine, 2018).