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Taco Bell Ground Lease 141 Felt Dr 2,240 SF 100% Leased Retail Building Roebuck, SC 29376 $2,925,848 CAD ($1,306.18 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year absolute NNN ground lease with Taco Bell, ensuring zero landlord responsibilities for taxes, insurance, or maintenance.
- Backed by Flynn Group, the 3rd largest Taco Bell franchisee in the world with 280+ locations across the U.S.
- 10% rental increases every five years, including option periods, providing a secure long-term income generator
- Ideal for passive investors seeking stable, long-term cash flow with no management obligations.
EXECUTIVE SUMMARY
The Taco Bell at 141 Felt Drive sits directly opposite Dorman High School, enrolling 3,713 students, ensuring a steady flow of young customers. Its proximity to Highway 221 (19,400 AADT) and I-26 (31,900 AADT nearby) enhances visibility and accessibility. This 0.82-acre site, built in 2025, leverages a high-traffic educational hub for consistent demand.
This 15-year lease with Bell Carolina LLC (Taco Bell) requires the tenant to cover all expenses, including roof and structure, delivering a hands-off investment. Starting at $110,000 NOI with 10% increases every five years, it projects $184,871 by year 35 with four (4) five-year options. The $2,096,000 price.
The 2,240 SF building, completed in 2025, reflects Taco Bell’s latest design standards for efficiency and customer appeal. Its compact footprint maximizes the 0.82-acre parcel, optimizing operational performance. High-quality construction ensures durability, minimizing future capital costs for the landlord.
Within five miles, 25,819 residents (2024) boast a $94,968 average household income, projected to rise 18.3% to $112,385 by 2029, per Esri data. The area’s 19.5% population growth since 2010 underscores its economic vitality. This income and growth support strong fast-food demand, bolstering Taco Bell’s sales potential.
Located just 0.37 miles from I-26, the site taps into a regional corridor with 31,900 AADT, per 2023 traffic counts, linking to Spartanburg’s broader market. Highway 221, 0.34 miles away, adds 19,400 daily vehicles, amplifying local exposure. This dual-highway access ensures a mix of commuter and resident traffic year-round.
Beyond Dorman High, L.E. Gable Middle (791 students) and Roebuck Elementary (800 students) lie within one mile, driving family-oriented traffic. Spartanburg Medical Center, with 747 beds, is a regional draw, though likely just beyond one mile, enhancing area activity. These anchors create a multi-demographic customer base for sustained business.
This 15-year lease with Bell Carolina LLC (Taco Bell) requires the tenant to cover all expenses, including roof and structure, delivering a hands-off investment. Starting at $110,000 NOI with 10% increases every five years, it projects $184,871 by year 35 with four (4) five-year options. The $2,096,000 price.
The 2,240 SF building, completed in 2025, reflects Taco Bell’s latest design standards for efficiency and customer appeal. Its compact footprint maximizes the 0.82-acre parcel, optimizing operational performance. High-quality construction ensures durability, minimizing future capital costs for the landlord.
Within five miles, 25,819 residents (2024) boast a $94,968 average household income, projected to rise 18.3% to $112,385 by 2029, per Esri data. The area’s 19.5% population growth since 2010 underscores its economic vitality. This income and growth support strong fast-food demand, bolstering Taco Bell’s sales potential.
Located just 0.37 miles from I-26, the site taps into a regional corridor with 31,900 AADT, per 2023 traffic counts, linking to Spartanburg’s broader market. Highway 221, 0.34 miles away, adds 19,400 daily vehicles, amplifying local exposure. This dual-highway access ensures a mix of commuter and resident traffic year-round.
Beyond Dorman High, L.E. Gable Middle (791 students) and Roebuck Elementary (800 students) lie within one mile, driving family-oriented traffic. Spartanburg Medical Center, with 747 beds, is a regional draw, though likely just beyond one mile, enhancing area activity. These anchors create a multi-demographic customer base for sustained business.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,240 SF
Building Class
B
Year Built
2025
Price
$2,925,848 CAD
Price Per SF
$1,306.18 CAD
Cap Rate
5.25%
NOI
$153,551 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.01
Lot Size
5.70 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6-40-00-014.05 | Improvements Assessment | $0 CAD |
| Land Assessment | $33,573 CAD | Total Assessment | $33,573 CAD |
PROPERTY TAXES
Parcel Number
6-40-00-014.05
Land Assessment
$33,573 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,573 CAD
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Taco Bell Ground Lease | 141 Felt Dr
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