KFC / A&W Phoenix AZ

The subject property is a brand new 2,800 square foot fast food restaurant in one of the fastest growing areas of Phoenix. There is a 20 year ground lease in place that holds a corporate guaranty from Yum! Brands. The lease includes 10% rental increases every five (5) years and four (4) additional option periods of five (5) years each. Yum! Brands, Inc., based in Louisville, KY, is the world's largest restaurant company in terms of system restaurants with over 34,000 restaurants in over 100 countries. Four of their restaurant brands - KFC, Long John Silver's, Pizza Hut and Taco Bell - are the global leaders of the chicken, quick-service seafood, pizza and Mexican-style food categories. A&W Restaurants is the longest running quick-service franchise chain in America. In 2006, Yum! Brands generated more than $9.5 billion in total revenues, including company sales and franchise fees.