2200 NEW CUT RD, SPARTANBURG, SC 29303-6348

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a single-tenant absolute NNN Burger King in Spartanburg, South Carolina. The lease is held by Carrols LLC, a wholly owned subsidiary of Restaurant Brands International (NYSE: QSR), the world’s largest Burger King franchisee and parent of Burger King, Tim Hortons, Popeyes, and Firehouse Subs, with a market capitalization of roughly $33 billion. The absolute NNN structure places all taxes, insurance, CAM, and roof and structure on the tenant, leaving zero landlord responsibilities. Base rent steps from $78,000 to $84,000 on 9/1/2026, a 7.7% increase already embedded in the lease, and the tenant has paid percentage rent for ten consecutive years, making this an ideal asset for an investor seeking passive, growing cash flow.

The property is positioned at the I-26 and New Cut Road interchange (Exit 17), with 37,737 vehicles per day along a manufacturing-anchored corridor in Upstate South Carolina. The site sits within the demand catchment of BMW’s Plant Spartanburg, the largest BMW plant in the world, which employs more than 11,000 people. The broader Upstate manufacturing cluster, anchored by BMW alongside Michelin, BASF, and AESC, represents over $2.5 billion in active investment and creates a structural QSR demand floor that is difficult to replicate in markets without a comparable industrial anchor.