2200 New Cut Rd Spartanburg, SC 29303

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Listed by Eric Carlton · License #01809955 Show Phone

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Added: Jun 22 Updated: Jul 22 at 8:48AM Checked: Jul 22 at 8:48AM

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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.

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).

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FAQs

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).