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Taco Bell Ground Lease 9015 S Tryon St 2,787 SF Retail Building Charlotte, NC 28273 $2,539,264 CAD ($911.11 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Corporate Guaranteed Lease: Less than 6% of locations are Corporately Operated
- Outstanding Upside Opportunity in Rent if Tenant Ever Left
- Positive Same-Store Sales: The Taco Bell Division saw a 9% Increase in Same-Store Sales
- Top Tier Store Metrics: Ranks in Top 94 Percentile in North Carolina
- Excellent Visibility Along S. Tryon St: 46,500 VPD
- 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
EXECUTIVE SUMMARY
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.
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PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,787 SF
Building Class
C
Year Built
2011
Price
$2,539,264 CAD
Price Per SF
$911.11 CAD
Cap Rate
4.75%
NOI
$120,706 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.93 AC
Zoning
I1
Frontage
199’ on S Tryon
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 203-091-27 | Improvements Assessment | $957,065 CAD |
| Land Assessment | $1,484,117 CAD | Total Assessment | $2,441,182 CAD |
PROPERTY TAXES
Parcel Number
203-091-27
Land Assessment
$1,484,117 CAD
Improvements Assessment
$957,065 CAD
Total Assessment
$2,441,182 CAD
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Taco Bell Ground Lease | 9015 S Tryon St
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