Taco Bell NNN — Charlotte, NC

Updated November 2, 2026

$2,474,000 · 4.85% CAP · 15.2 YRS

New 2026 Taco Bell ground lease in Charlotte's University City area asking $2,474,000 at a 4.85% cap on $120,000 rent, with rent stepping 10% every five years. Rent does not start until January 2027, and the franchisee guarantees the lease, not Yum! Brands. At 4.85% it sits 90 bps under the 5.75% median of 187 active listings.

Lease Abstract

Price

$2,474,000

Cap rate

4.85% CAP

NOI

$120,000

Term remaining

15.2 YRS

Lease type

Absolute NNN Ground Lease

Increases

10% every 5 years, base term and options

Options

4 x 5-year

Guarantee

Franchisee

Building

2,500 SF

Lot

1.64 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

2,500 SF building, built 2026, 1.64 acres of land. Ground lease priced at $1,508,537 per acre. Rent increases: 10% every 5 years, base term and options. Renewal options: 4 x 5-year. Franchisee guarantee. Primary term ends around 2042 (15.2 yrs left at listing, Nov 2026).

Location

Charlotte, North Carolina — 1935 W Mallard Creek Church Rd, Charlotte, NC 28262. Full address and offering memorandum released on request — see our Taco Bell tenant guide and the North Carolina market page for the underwriting context.