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Taco Bell 9120 Northlake W Dr 2,500 SF Retail Building Charlotte, NC 28216 $3,800,523 CAD ($1,520.21 CAD/SF) 4.35% Cap Rate
Investment Highlights
- CHARLOTTE MSA
- STRONG CORPORATE GUARANTEE
- AFFLUENT TRADE AREA SUPPORTING QSR DEMAND
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- 10% rent increases every 5 years and in option periods
- Abs. NNN - Ground Lease providing zero landlord responsibilities
- Long 20 year term remaining with four (4) five (5) year option periods
STRONG CORPORATE GUARANTEE
- Lease is corporately backed
- Taco Bell is located in all 50 states, and has over 7,800 total locations
- Taco Bell serves over 4.2M customers weekly
AFFLUENT TRADE AREA SUPPORTING QSR DEMAND
- Within a 5-mile radius the area supports 145,000+ residents with an AHHI above $95,000
- Population in this pocket has consistently outpaced national averages
CHARLOTTE MSA
- #21 metro in the US with a population of 2.9 million
- ~157 people move here per day
- Growth sits at 20% since 2010
- Diverse employment base driven by sectors like banking and energy complimented by a favorable tax/business climate
- AHHI exceeds $90,0000
EXCEPTIONAL ACCESSIBILITY
- Northlake West Drive sits just off I-77, which carries 150,000+ vehicles per day
- Connection to I-77 offers connectivity throughout Charlotte and into Lake Norman
- Nearby arterials experience 25,000–40,000+ VPD creating strong daily traffic counts that support drive-thru oriented QSR concepts
HIGH DENSITY SURROUNDING RETAIL
- 2.6 M SF of retail within 1-mile radius
- Northlake submarket is one of the fastest growing retail corridors in North Mecklenburg County
- Area driven by major employment centers along I-77
- Positioned near Northlake Mall
- 10% rent increases every 5 years and in option periods
- Abs. NNN - Ground Lease providing zero landlord responsibilities
- Long 20 year term remaining with four (4) five (5) year option periods
STRONG CORPORATE GUARANTEE
- Lease is corporately backed
- Taco Bell is located in all 50 states, and has over 7,800 total locations
- Taco Bell serves over 4.2M customers weekly
AFFLUENT TRADE AREA SUPPORTING QSR DEMAND
- Within a 5-mile radius the area supports 145,000+ residents with an AHHI above $95,000
- Population in this pocket has consistently outpaced national averages
CHARLOTTE MSA
- #21 metro in the US with a population of 2.9 million
- ~157 people move here per day
- Growth sits at 20% since 2010
- Diverse employment base driven by sectors like banking and energy complimented by a favorable tax/business climate
- AHHI exceeds $90,0000
EXCEPTIONAL ACCESSIBILITY
- Northlake West Drive sits just off I-77, which carries 150,000+ vehicles per day
- Connection to I-77 offers connectivity throughout Charlotte and into Lake Norman
- Nearby arterials experience 25,000–40,000+ VPD creating strong daily traffic counts that support drive-thru oriented QSR concepts
HIGH DENSITY SURROUNDING RETAIL
- 2.6 M SF of retail within 1-mile radius
- Northlake submarket is one of the fastest growing retail corridors in North Mecklenburg County
- Area driven by major employment centers along I-77
- Positioned near Northlake Mall
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,500 SF
Year Built
2026
Construction Status
Under Construction
Price
$3,800,523 CAD
Price Per SF
$1,520.21 CAD
Cap Rate
4.35%
NOI
$165,300 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.26 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Taco Bell
- -
- 2,500 SF
- -
- Mar 2046
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Taco Bell | - | 2,500 SF | - | Mar 2046 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 025-091-25 | Improvements Assessment | $106,865,341 CAD |
| Land Assessment | $18,745,858 CAD | Total Assessment | $125,611,199 CAD |
Property Taxes
Parcel Number
025-091-25
Land Assessment
$18,745,858 CAD
Improvements Assessment
$106,865,341 CAD
Total Assessment
$125,611,199 CAD
Contacts
-
David Hoppe -
Mike Lucier -
Eric Suffoletto -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Taco Bell | 9120 Northlake W Dr
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