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New Zaxby's | Spartanburg, SC 2272 Nazareth Church Rd 2,904 SF Retail Building Spartanburg, SC 29301 $3,997,000 ($1,376.38/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- New Zaxby’s with 18+ Years of Term Remaining
- Hard Signalized Corner 29,000+ VPD
- High Growth Corridor with Heavy Daytime Pop
- 3rd Largest Franchisee and Strong Store Sales
- Strong Employment Base Adjacent to I-85
- Proximity to BMW manufacturing plant (11,000+ employees) and downtown Spartanburg
EXECUTIVE SUMMARY
TSCG is pleased to offer a new Zaxby’s with 18+ years of term remaining in Spartanburg, SC. This property is situated on a hard signalized corner adjacent to Interstate 85 in a high growth and heavily trafficked area. The location benefits from its proximity to I-85 and major employers like the BMW manufacturing plant (11,000+ employees), FedEx Ground, Adidas, Siemens, Milliken and more. Within a 3-mile radius from Zaxby’s, the population is expected to grow 21% by 2030 and the average household income exceeds $93,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,904 SF
Building Class
B
Year Built
2023
Price
$3,997,000
Price Per SF
$1,376.38
Cap Rate
6.10%
NOI
$243,833
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.01 AC
Frontage
150’ on Warren H Abernathy Highwa
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
1 of 8
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New Zaxby's | Spartanburg, SC | 2272 Nazareth Church Rd
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