Taco Bell NNN — Shelby, NC

Updated July 18, 2026

$1,450,000 · 4.38% CAP · 16.7 YRS

Taco Bell with a corporate guarantee on a 20-year absolute-net ground lease, built in 2023 as a current prototype outparcel to the Cleveland Mall power center in Shelby. Rent rises 10% every five years.

Lease Abstract

Price

$1,450,000

Cap rate

4.38% CAP

NOI

$63,500

Term remaining

16.7 YRS

Lease type

Absolute NNN Ground Lease

Increases

10% every 5 years

Options

Four 5 Year Options

Guarantee

Corporate

Building

2,287 SF

Lot

1.01 AC

Year built

2023

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

2,287 SF building, built 2023, 1.01 acres of land. Ground lease priced at $1,435,644 per acre. Rent increases: 10% every 5 years. Renewal options: Four 5 Year Options. Corporate guarantee. Primary term ends around 2043 (16.7 yrs left at listing, Jul 2026).

Location

Shelby, North Carolina. Full address and offering memorandum released on request — see our Taco Bell tenant guide and the North Carolina market page for the underwriting context.