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.