Taco Bell NNN Property For Sale — Shelby, NC · 2,287 SF · $1.41M
Shelby, NC 28152
Brand new 2023 construction Taco Bell prototype situated on an outparcel to The Cleveland Mall, a 361,000 SF power center anchored by major national retailers including Belk, Marshalls, AMC, and Dunham's Sports. The property features a 20-year absolute NNN corporate ground lease backed by Taco Bell Corp. (parent Yum! Brands, NYSE: YUM) with 10% rental increases every five years. Positioned along East Dixon Boulevard (I-74), the corridor benefits from high traffic volumes exceeding 30,000 vehicles per day and provides a primary route connecting Shelby to downtown Charlotte.
- Address: Shelby, NC 28152
- Asking price $1.41M
- 4.50% cap rate
- NOI $63,500
- 20 years remaining
- NNN lease
- Year built: 2023
- Building size: 2,287 SF
- Lot size: 1.01 acres
- Rent increases: 10% rental increases every 5 years
- Guarantor: Corporate
Location
This Taco Bell property is in Shelby, North Carolina.
Asset type: QSR