141 Felt Dr - Fast Food FOR SALE


Roebuck, SC 29376
$2,096,000 USD
415-690-5522
141 Felt Dr, Roebuck, SC for Sale
$2,096,000 USD
Fast Food - FOR SALE
1/6
null | 5.25% Cap Rate

141 Felt Dr
Roebuck, SC 29376


HIGHLIGHTS

  • 15-year absolute NNN ground lease with Taco Bell, ensuring zero landlord responsibilities for taxes, insurance, or maintenance.
  • 10% rental increases every five years, including option periods, providing a secure long-term income generator
  • Backed by Flynn Group, the 3rd largest Taco Bell franchisee in the world with 280+ locations across the U.S.
  • Ideal for passive investors seeking stable, long-term cash flow with no management obligations.

OVERVIEW

The Taco Bell at 141 Felt Drive sits directly opposite Dorman High School, enrolling 3,713 students, ensuring a steady flow of young customers. Its proximity to Highway 221 (19,400 AADT) and I-26 (31,900 AADT nearby) enhances visibility and accessibility. This 0.82-acre site, built in 2025, leverages a high-traffic educational hub for consistent demand. This 15-year lease with Bell Carolina LLC (Taco Bell) requires the tenant to cover all expenses, including roof and structure, delivering a hands-off investment. Starting at $110,000 NOI with 10% increases every five years, it projects $184,871 by year 35 with four (4) five-year options. The $2,096,000 price. The 2,240 SF building, completed in 2025, reflects Taco Bell’s latest design standards for efficiency and customer appeal. Its compact footprint maximizes the 0.82-acre parcel, optimizing operational performance. High-quality construction ensures durability, minimizing future capital costs for the landlord. Within five miles, 25,819 residents (2024) boast a $94,968 average household income, projected to rise 18.3% to $112,385 by 2029, per Esri data. The area’s 19.5% population growth since 2010 underscores its economic vitality. This income and growth support strong fast-food demand, bolstering Taco Bell’s sales potential. Located just 0.37 miles from I-26, the site taps into a regional corridor with 31,900 AADT, per 2023 traffic counts, linking to Spartanburg’s broader market. Highway 221, 0.34 miles away, adds 19,400 daily vehicles, amplifying local exposure. This dual-highway access ensures a mix of commuter and resident traffic year-round. Beyond Dorman High, L.E. Gable Middle (791 students) and Roebuck Elementary (800 students) lie within one mile, driving family-oriented traffic. Spartanburg Medical Center, with 747 beds, is a regional draw, though likely just beyond one mile, enhancing area activity. These anchors create a multi-demographic customer base for sustained business.

FOR SALE DETAILS

PRICE

$2,096,000 USD

PRICE/SF

$936 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

-

APN/PARCEL ID

6-40-00-014.05

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.