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1935 Mallard Creek Church rd
Charlotte, NC 28262
Taco Bell | Charlotte, NC · Retail Property For Sale

Investment Highlights

  • EXCEPTIONAL ACCESSIBILITY & VISIBILITY
  • ATTRACTIVE LEASE FUNDAMENTALS
  • CHARLOTTE MSA — #21 METRO IN THE U.S

Executive Summary

ATTRACTIVE LEASE FUNDAMENTALS
- 15-year absolute NNN ground lease providing zero landlord responsibilities
- 10% rent increases every 5 years and into option periods
- Long-term lease with four (4) five (5) year option periods
EXPERIENCED FRANCHISEE
- Lease is signed by Phoenix Taco, an experienced Taco Bell franchisee operator
- Taco Bell franchisees benefit from one of the most recognized and profitable QSR brands in the world
- Parent brand Yum! Brands (NYSE: YUM) is a Fortune 500 company operating ~55,000 restaurants worldwide
- Taco Bell is the 4th largest U.S. restaurant brand serving 42 million+ customers across 7,700+ locations
CHARLOTTE MSA — #21 METRO IN THE U.S
- Charlotte MSA population of 2.9 million with ~157 new residents per day
- 20%+ population growth since 2010
- Diverse employment base anchored by banking, energy, and technology
- Business-friendly tax climate and AHHI exceeding $90,000 in the trade area
EXCEPTIONAL ACCESSIBILITY & VISIBILITY
- Positioned on W Mallard Creek Rd, a primary arterial corridor serving the University City submarket
- Direct connectivity to I-85 and I-485, two of Charlotte’s most heavily trafficked interstate corridors
- Surrounding arterials carry 25,000–42,000+ VPD, generating sustained drive-thru demand
HIGH-DENSITY SURROUNDING RETAIL
- Located within a dominant retail pocket in North Charlotte near Northlake Mall, Concord Mills, and multiple power centers
- Area draws significant regional retail traffic from Mecklenburg and Cabarrus counties
- Proximity to major retailers and restaurants reinforces the site’s position as a high-frequency, drive-thru QSR destination
AFFLUENT & DENSE TRADE AREA
- 155,090 residents within a 5-mile radius
- AHHI of $107,109 within 3 miles
- Consistent population growth outpacing national averages
- University City submarket driven by UNC Charlotte (37,000+ students) and major employment nodes along the I-85 corridor

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
2,500 SF
Building Class
C
Construction Status
Proposed
Price
$3,484,011 CAD
Price Per SF
$1,393.60 CAD
Cap Rate
4.75%
NOI
$165,511 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.64 AC
Zoning
C - Commercial
Frontage
341’ on Stelfox Street

Property Taxes

Property Taxes

Parcel Number
047-421-10
Land Assessment
$1,047,824 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,047,824 CAD
  • Listing ID: 41787297

  • Date on Market: 2026-08-18

  • Last Updated:

  • Address: 1935 Mallard Creek Church rd, Charlotte, NC 28262

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