Burger King | Absolute NNN Leased Offering

909 GSP Drive, Greer, SC

$2,152,600

Price

4.75%

Cap Rate

$102,250

NOI

Overview
Cap Rate
4.75%
NOI
$102,250
Building Size
2,811 sqft
Lot Area
2.12 acres
Lease Type
Absolute Net
Year Built
2019
Description

The subject property is a 2,811 square foot Burger King located in Greer (Greenville), SC. The brand new 2019 construction site is operating on a long term absolute NNN lease. The lease calls for zero landlord obligations and scheduled 8% increases in rent every 5 years. The site is ideally positioned less than 1 mile from Greenville-Spartanburg International Airport, 5 miles from the I-85/I-385 interchange, and 11 miles from downtown Greenville. The property is leased to Carrols Corporation who is one of the largest restaurant franchisees in the U.S. and the largest Burger King franchisee.

Highlights
  • Long Term Absolute NNN Lease
  • Brand New High Quality 2019 Construction
  • Zero Landlord Obligations
  • Scheduled Increases In Rent At Options
  • Leased To One Of The Largest Restaurant Franchisees In The U.S. And The Largest Burger King Franchisee
  • Located On Hwy 14 A Quarter Mile Off I-85 At A Signalized Intersection With Traffic Counts Of 24,300 VPD
Documents
Title
OM
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Location
Gallery