Do you have posts assigned to the terms in the locations.
I just tested this than then the terms don’t have posts then I get a not found message, indicating that there are no post to be found, not that the page is not fount when I add a post in the term then the page shows my post.
Try adding some posts to each of your terms.
Welcome to the Advanced Custom Fields community forum.
Browse through ideas, snippets of code, questions and answers between fellow ACF users