2221 Chesnee Hwy - Fast Food FOR SALE


Spartanburg, SC 29303
$1,587,600 USD
510-379-1233
2221 Chesnee Hwy, Spartanburg, SC for Sale
$1,587,600 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

2221 Chesnee Hwy
Spartanburg, SC 29303


HIGHLIGHTS

  • Prime frontline position in Spartanburg’s highest traffic highway corridor.
  • Featured interchange location at I 85 Exit 78 with excellent visibility and ingress/egress.
  • Strong long term demographic tailwinds from Spartanburg growth and Boiling Springs expansion.
  • Brumit Restaurant Group is one of the largest and longest established Arby’s franchise organization founded in 1988 with 64+ locations
  • Recent remodel shows commitment to this location.
  • High traffic corridor with 23,800 VPD on Chesnee Hwy and 71,200 VPD on I-85.

OVERVIEW

This Arby’s sits directly along the Chesnee Highway (US 221 corridor), immediately adjacent to Interstate 85 Exit 78 — one of Spartanburg’s strongest QSR anchored retail nodes. Surrounding uses include national quick service restaurants, fuel stations, hotels, and service retailers. The US 221 / Chesnee Hwy interchange is a heavy commuter and logistics corridor with 23,800 VPD on Chesnee Hwy and 71,200 VPD on I-85. Brumit Restaurant Group (BRG) is regarded as one of the most successful and consistently expanding Arby’s franchise groups, maintaining superior operations and a strong people focused culture. Today, BRG operates 64+ Arby’s units across North Carolina, South Carolina, and Tennessee, making it a major multi state operator in the Southeast. Listing by BOR Benjamin Yelm

FOR SALE DETAILS

PRICE

$1,587,600 USD

PRICE/SF

$430 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

Commercial

APN/PARCEL ID

7-02-00-016.02

ASK ABOUT THIS PROPERTY

David ChingMarcus & MillichapMore Info
510-379-1233

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David ChingMarcus & MillichapMore Info
510-379-1233

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