|Price Range 12mo avg:||$400K – $2.99M|
|$/sf 12mo avg:||$757.71|
|CAP Rate 12mo avg:||5.47%|
|Lease Terms:||18yrs NNN|
|Building Size avg:||3,800 SF|
|Lot Size avg:||1+/- acres|
Taco Bell®, a subsidiary of Yum! Brands, is the nation’s leading Mexican-style quick service restaurant serving more than 36 million customers each week in over 5,900 stores in the U.S. Since its founding by Glen Bell in 1962, Taco Bell has become the second most profitable brand in the country.
In 2012, Taco Bell celebrated its 50th anniversary, with the launch of the Live Mas® brand campaign, the reinvention of the taco with the revolutionary Doritos® Locos Taco, and the introduction of the game-changing Cantina Bell® Menu.
At Taco Bell we put our customers front and center, delivering excellent customer service, innovative and delicious products and value. In 2013, we ranked #6 on the QSR 50 list, were named Ad Age “Marketer of the Year,” and reached over $1 billion in sales of Doritos® Locos Tacos. “Live Mas®” is more than a company tagline; it’s a way of life at Taco Bell.
While Taco Bell is primarily a U.S. brand, Yum! Brands plans to make it the Company’s third global brand. Outside the U.S., we have nearly 300 Taco Bell units in 20 countries.
Yum! Brands, Inc., (NYSE: YUM), based in Louisville, Kentucky, is one of the world’s largest restaurant companies with over 41,000 restaurants in more than 125 countries and territories. Yum! Brands is ranked #216 on the FORTUNE 500 list with revenues of more than $13 billion and in 2014 was named among the 100 Best Corporate Citizens by Corporate Responsibility Magazine and one of the Aon Hewitt Top Companies for Leaders in North America. Our restaurant brands – KFC®, Pizza Hut® and Taco Bell® – are the global leaders of the chicken, pizza and Mexican-style food categories.
|S&P Credit Rating:||BBB|
|Moody’s Credit Rating:||Baa3|
|Annual Revenue 2014:||$1.86B|
|Annual Revenue 2013:||$1.87B|
|Revenue Growth:||↓ 1.5% from 2013|
|Units (Dec. 2014)||6,199|
|Average Units Volume:||$301K|
Yahoo! Finance: YUM News Latest Financial News for YUM
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Yum! Brands’ (NYSE: YUM) Taco Bell is opening its first U.S. digital-only location in the middle of New York City’s Times Square. What Happened: The new Taco Bell Cantina opens today within the historic Paramount Building and will provide visitors with 10 kiosks that enable self-ordering. The location has a separate double-door entrance for customers picking up meals they ordered ahead of time via the Taco Bell app. Taco Bell has also introduced a new menu item exclusive to this location: The Bell Apple Freeze, a Green Apple Freeze swirled with a sweet cherry apple flavor. For those seeking a more invigorating beverage, the Cantina is also offering alcohol selections for customers ages 21 and over. Related Link: It's Easy Being Cheesy As Taco Bell Brings Back The Quesalupa Why This Matters: The Times Square outpost is Taco Bell’s 80th location in New York City. The chain has more than 200 in the greater New York metro area and plans to build another 25 in the region this year. According to the company, the focus on this region accounts for roughly 10% of Taco Bell’s overall development mix The Times Square location will offer on-premise seating for customers to leisurely enjoy their meals. In an interview with the financial trade journal PYMNTS, Taco Bell President and Global Chief Operating Officer Mike Grams said the chain was eager to merge the convenience of digital ordering with the traditional pleasure of indoor dining. “There are two critical elements that will work together harmoniously across our Taco Bell brand,” said Grams. “It’s the idea of merging technology and mobile convenience with the human connection we all crave — especially when many of our fans are digitally native to begin with. By staying flexible in our restaurant formats and features, we’ll be able to continue creating unique environments and experiences for any customer.” Related Link: Stock Wars: Yum! Brands Vs. Restaurant Brands International (Photo courtesy Taco Bell) See more from BenzingaClick here for options trades from BenzingaMcDonald's To Close Hundreds Of In-Store Walmart EateriesStock Wars: Yum! Brands Vs. Restaurant Brands International© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. […]