Absolute NNN Drive-Through Burger
For Sale
$1,522,268
2200 New Cut Rd, Spartanburg, SC 29303
Single-tenant absolute NNN Burger King operated by Carrols LLC with stepped base rent through 9/1/2026.
Property SizeContact for details
Days on Market62
Property Features for 2200 New Cut Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
37,737 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Los Angeles - Orange County
(949) 724-5561
Listed By:
Eric Carlton · License #01809955
(949) 724-5561
Source:
Colliers
Added: Jun 22
Changed: Aug 14
Last Checked: Aug 21 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles - Orange County
Investment Insights
Based on property information with market context.
A single-tenant absolute NNN Burger King offering an investor structure in which the tenant is responsible for all taxes, insurance, CAM, and roof and structure, leaving zero landlord responsibilities. The property is leased by Carrols LLC, a wholly owned subsidiary of Restaurant Brands International (NYSE: QSR). Lease base rent steps from $78,000 to $84,000 on 9/1/2026, reflecting a 7.7% increase already embedded in the lease, and the tenant has paid percentage rent for ten consecutive years.
The site is located at the I-26 and New Cut Road interchange (Exit 17) in Spartanburg, South Carolina, positioned along a manufacturing-anchored corridor with 37,737 vehicles per day per the provided remarks. The area is described as within the demand catchment of BMW’s Plant Spartanburg, which employs more than 11,000 people, and part of an Upstate manufacturing cluster anchored by BMW alongside Michelin, BASF, and AESC.
The site is located at the I-26 and New Cut Road interchange (Exit 17) in Spartanburg, South Carolina, positioned along a manufacturing-anchored corridor with 37,737 vehicles per day per the provided remarks. The area is described as within the demand catchment of BMW’s Plant Spartanburg, which employs more than 11,000 people, and part of an Upstate manufacturing cluster anchored by BMW alongside Michelin, BASF, and AESC.
Key Highlights
- Single‑tenant absolute NNN Burger King leased to Carrols LLC (subsidiary of Restaurant Brands International, NYSE: QSR).
- Absolute NNN structure: tenant covers all taxes, insurance, CAM, plus roof and structure—zero landlord responsibilities.
- Base rent steps from $78,000 to $84,000 effective 9/1/2026 (7.7% increase already embedded in the lease).
Property Analytics
Property Profile
Current Use
Lease Details
37,737 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 28%
Hotels & Casinos 6%
McDonald's
Dining
26,417 visits/mo
0.1 miles
Burger King
Dining
9,759 visits/mo
0.1 miles
Exxon
Shops & Services
8,475 visits/mo
0.2 miles
BP
Shops & Services
7,051 visits/mo
0.2 miles
Waffle House
Dining
2,990 visits/mo
0.2 miles
Demographics for 29303, SC
26,793
Population
10,891
Households
2.5
Avg Household Size
33
Median Age
12%
College-Educated
76%
High-School Grad
32.4 sq mi
ZIP Area
827
Density / Sq Mi
$45,713
Median Household Income
$24,506
Median Earnings
$968
Median Rent
$143,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant absolute NNN Burger King operated by Carrols LLC with stepped base rent through 9/1/2026.
Where is this nnn property located?
The property is located at 2200 New Cut Rd Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,522,268.
What are key features of this property?
This property features: Single‑tenant absolute NNN Burger King leased to Carrols LLC (subsidiary of Restaurant Brands International, NYSE: QSR).; Absolute NNN structure: tenant covers all taxes, insurance, CAM, plus roof and structure—zero landlord responsibilities.; Base rent steps from $78,000 to $84,000 effective 9/1/2026 (7.7% increase already embedded in the lease).
