2272 Nazareth Church Rd Spartanburg, SC 29301

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2023-constructed Zaxby's restaurant in Spartanburg, South Carolina. The property boasts a 2,904 square foot building situated on a one-acre lot at a high-traffic intersection, less than half a mile from I-85 and Greenville Highway, experiencing over 30,000 vehicles daily. The property benefits from a 20-year absolute NNN lease with a franchisee tenant, commencing November 1, 2023, and expiring October 31, 2043. The lease includes four, five-year renewal options with annual rent increases of 1.50%. The current annual net operating income (NOI) is $240,229, representing a 6.15% cap rate on the $3,907,000 asking price. The property features a double drive-thru, the newest Zaxby's prototype, designed for efficient customer service. This prime location is near significant development, including a large industrial park, new apartment complexes, and a recently opened charter school with extensive athletic facilities. Spartanburg's robust economic growth, ranking among the fastest-growing metros in the US, further enhances the investment potential. The property's strategic location and long-term lease make it an attractive investment with significant upside potential. The 100% occupancy and strong tenant credit rating provide security and stability. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market.