Tenant: Taco Bell
Premises: 2300 SF
Renewal Options: 5 x 5
Lease Expiration: 25 Years Following Opening of Business
Lease Type: NNN
Rental Increases: 7.5% Every 5 Years
- Brand New 25-Year Absolute Triple Net Taco Bell Lease
- Brand New Built-to-Suit Premises to Open in November 2015
- Lease will Commence Upon Store Opening
- 7.5% Rent Increases Every 5 Years
- Five 5-Year Options to Renew
- Franchise Operates 94 Stores Across Taco Bell and Steak N’ Shake Brands
- Excellent Location Out-Parcel to a Walmart Directly Off Interstate-81
- High Density Area with Approximately 30,000 Residents within a 5-Mile Radius
Taco Bell is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of Yum! Brands, Inc., they serve a variety of Tex-Mex foods including tacos, burritos, quesadillas, nachos, other specialty items, and a variety of “value menu” items. Taco Bell serves more than 2 billion customers each year in more than 6,500 restaurants mostly in the U.S., more than 80 percent of which are owned and operated by independent franchisees. BurgerBusters, Inc. operates franchisee organizations for Taco Bell in North America. The company manages Yum! Brands, Pizza Hut, and KFC franchised units throughout Virginia, North Carolina, West Virginia and Maryland. BurgerBusters, Inc. was founded in 1986 and is based in Virginia Beach, Virginia.
