Log In/Sign Up
Your email has been sent.
Burger King 2200 New Cut Rd 3,010 SF Retail Building Spartanburg, SC 29303 $1,522,268 ($505.74/SF) 6.35% Cap Rate
Investment Highlights
- Public-Company Credit + Absolute NNN | Burger King - Upstate Manufacturing Corridor
- Zero Landlord Responsibilities | Tenant Pays Taxes, Insurance, CAM, Roof & Structure
- Ten Consecutive Years of Percentage Rent | Paid Every Year 2016 to 2025
- Carrols LLC, Subsidiary of Restaurant Brands International (NYSE: QSR)
- Contractual 9/1/2026 Rent Step-Up | $78,000 to $84,000 (+7.7%)
- I-26 Exit 17 Interchange Location | 37,737 Vehicles Per Day
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,010 SF
Building Class
B
Year Built
1990
Price
$1,522,268
Price Per SF
$505.74
Cap Rate
6.35%
NOI
$96,664
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.04 AC
Parking
35 Spaces (11.63 Spaces per 1,000 SF Leased)
Frontage
162’ on New Cut
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2-55-00-008.01 | Improvements Assessment | $39,489 |
| Land Assessment | $10,517 | Total Assessment | $50,006 |
Property Taxes
Parcel Number
2-55-00-008.01
Land Assessment
$10,517
Improvements Assessment
$39,489
Total Assessment
$50,006
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Burger King | 2200 New Cut Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.