2200 New Cut Rd - Fast Food FOR SALE


Spartanburg, SC 29303
$1,522,268 USD
949-903-3399
2200 New Cut Rd, Spartanburg, SC for Sale
$1,522,268 USD
Fast Food - FOR SALE
1/6
null | 6.35% Cap Rate

2200 New Cut Rd
Spartanburg, SC 29303


HIGHLIGHTS

  • Public-Company Credit + Absolute NNN | Burger King - Upstate Manufacturing Corridor
  • Carrols LLC, Subsidiary of Restaurant Brands International (NYSE: QSR)
  • Zero Landlord Responsibilities | Tenant Pays Taxes, Insurance, CAM, Roof & Structure
  • Contractual 9/1/2026 Rent Step-Up | $78,000 to $84,000 (+7.7%)
  • Ten Consecutive Years of Percentage Rent | Paid Every Year 2016 to 2025
  • I-26 Exit 17 Interchange Location | 37,737 Vehicles Per Day

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a single-tenant absolute NNN Burger King in Spartanburg, South Carolina. The lease is held by Carrols LLC, a wholly owned subsidiary of Restaurant Brands International (NYSE: QSR), the world’s largest Burger King franchisee and parent of Burger King, Tim Hortons, Popeyes, and Firehouse Subs, with a market capitalization of roughly $33 billion. The absolute NNN structure places all taxes, insurance, CAM, and roof and structure on the tenant, leaving zero landlord responsibilities. Base rent steps from $78,000 to $84,000 on 9/1/2026, a 7.7% increase already embedded in the lease, and the tenant has paid percentage rent for ten consecutive years, making this an ideal asset for an investor seeking passive, growing cash flow. The property is positioned at the I-26 and New Cut Road interchange (Exit 17), with 37,737 vehicles per day along a manufacturing-anchored corridor in Upstate South Carolina. The site sits within the demand catchment of BMW’s Plant Spartanburg, the largest BMW plant in the world, which employs more than 11,000 people. The broader Upstate manufacturing cluster, anchored by BMW alongside Michelin, BASF, and AESC, represents over $2.5 billion in active investment and creates a structural QSR demand floor that is difficult to replicate in markets without a comparable industrial anchor.

FOR SALE DETAILS

PRICE

$1,522,268 USD

PRICE/SF

$618 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

2-55-00-008.01

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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