Taco Bell Ground Lease
Closed9015 S. Tryon St, Charlotte, NC 28273
Property type
Retail
Price
$1,730,000
Building size
2,787 sf
Rentable area
2,787 SF
Year built
2011
Year renovated
Occupancy
Zoning code
Lot size
0.93 Acres
Sold/status
Sold · Date unknown
Sale price
$1730000
CAP
5.00%
Net Operating Income
$86,515
Property description
Franklin Street is pleased to present this Taco Bell ground lease location in Charlotte, North Carolina. Charlotte has experienced a rapid growth in population over that last several decades and now has population of 2.9 million within the metropolitan. Charlotte is a major banking and finance hub (second in the U.S. after New York) and is home to Bank of America and Truist, plus several Fortune 500 firms. Charlotte consistently ranks as one of the fastest growing major cities and in 2025 ranked as the 6th fastest growing major city. The location is located in the densely populated Southern portion of the city just off I-485 on the heavily trafficked South Tryon St. The property is situated with access to a lighted intersection and cross access to the Whitehall development. Due to the ground lease nature, the rent is significantly below what other Taco Bell locations are paying on average that are fee simple. These locations rents nationally are traditionally in the range of $125,000-$200,000 annually. The lease offers a landlord friendly absolute NNN structure, allowing a true passive investment with future upside. The location is a rare corporately operated location that provides strong reliable income stream.
Property highlights
- Taco Bell Ground Lease in the Booming Charlotte, NC Market
- Rare Corporate Guaranteed Lease: Less than 6% of locations are Corporately Operated
- Top Tier Store Metrics: Ranks in Top 94 Percentile in North Carolina
- Outstanding Upside Opportunity in Rent if Tenant Ever Left
- 10% Rental Increases Every 5-Year Option Period
- Excellent Visibility Along S. Tryon St: 46,500 VPD
- Positive Same-Store Sales: The Taco Bell Division saw a 9% Increase in Same-Store Sales
- Yum! Brands Operates Over 61,000 Restaurants Across More than 155 Countries and Territories Under its KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill Brands
- Densely Populated: 160,000± Residents within the 5-Mile Radius