7602 Warren H Abernathy Hwy Spartanburg, SC 29301

Spartanburg, SC Applebee's: A 3,566 sq ft, single-tenant, absolute NNN leased restaurant property offering a strong 6.60% cap rate and significant lease term remaining (10.1 years). Built in 1988 and renovated in 2005, this property sits on a 0.69-acre lot with 46 parking spaces. The franchisee, a top Applebee's operator with 170+ units, recently extended the lease demonstrating long-term commitment. The lease includes 10% rent bumps on 1/1/30 and in each of two five-year option periods. Located in a high-traffic area with numerous national retailers nearby, including Target, Costco, Home Depot, and more. The property boasts a Net Operating Income (NOI) of $190,000 and an asking price of $2,879,000. The property's strong sales data is available upon request. This is a zero-landlord-responsibility investment opportunity with exceptional potential.