671 Spartanburg Hwy 5,904 SF 100% Leased Retail Building Hendersonville, NC 28792 $1,925,000 ($326.05/SF) 5.89% Cap Rate

Little Caesars is an American multinational pizza chain headquartered in Detroit, Michigan. Founded in 1959 in Garden City, Michigan, the company expanded through franchising beginning in 1962. It operates as part of Ilitch Holdings and is recognized as one of the largest pizza chains in the United States. Little Caesars is widely known for its Hot-N-Ready model, emphasizing quick service and consistent pricing. Over time, the company has grown to thousands of locations across all 50 U.S. states and numerous international markets. Its product lineup includes pizza, breadsticks, and related menu items.

Subway is a global quick-service restaurant brand known for its customizable submarine sandwiches and widespread franchised business model. Founded in 1965, the company has grown into one of the world’s largest restaurant chains by unit count, operating tens of thousands of locations across more than 100 countries. Following its sale to Roark Capital in 2024, Subway entered a new phase of operational restructuring and brand modernization. In July 2025, Jonathan Fitzpatrick, a seasoned executive with prior leadership roles at Driven Brands and Burger King, was appointed CEO to guide the company through this transition. The brand has faced significant market shifts over the past decade, including increasing competition, evolving consumer expectations, and declining U.S. sales, prompting renewed investments in menu upgrades, digital ordering, and organizational realignment. Subway remains privately held under Roark Capital’s ownership, with ongoing efforts to strengthen franchisee support and improve systemwide performance as it works toward revitalizing its global footprint.