Burger King for Sale in Spartanburg, SC
Spartanburg, SC
Key Investment Metrics
Price
$1,522,268
Cap Rate
6.3%
Net Operating Income
$96,664
Building Size
3010 SF
Land Area
48,545 Acres
Remaining Term
5.3 years
Lease Expiration
08/31/2031
Lease Term
25.9 years
Lease Commencement
10/14/2005
Lease Type
Absolute NNN
Year Built
N/A
Tenancy
Single
Property overview
Burger King in Spartanburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,010 SF
- Land area
- 48,545 acres
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.