This listing is under contract.

For Sale: Taco Bell Prescott, AZ | Rare 20 Year Absolute NNN Lease | 297 Unit Franchisee

847 Miller Valley Road Prescott, AZ 86301

847 Miller Valley Road, Prescott, AZ, 86301
847 Miller Valley Road, Prescott, AZ, 86301
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$3,100,000
Cap Rate:
4.60%
Last Verified:
Jul 11, 2019

  • A rare brand-new 20-year single-tenant absolute triple-net (NNN) Taco Bell investment opportunity with attractive 7.5% rental increases every five (5) years.
  • The tenant, Desert De Oro Foods is the largest Taco Bell Franchisee in the Southwest with ±297 restaurants in 7 states.
  • This location will be remodeled in 2020 and will feature Taco Bell’s brand-new prototype.
  • Major national tenants nearby including Fry’s Grocery (Kroger), Safeway, Walmart Supercenter, Wells Fargo Bank, Chase Bank, Bank of America, CVS Pharmacy, McDonald’s, KFC, Carl’s Jr, among many others.
  • Strong employment corridor including ±32,080 daytime employees and an average household income of $72,188 within a five-mile radius, with a projected $87,744 average household income in the next five years (Source: Esri).

Additional URLs

Map of 847 Miller Valley Road, Prescott, AZ, 86301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.