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2221 Chesnee Hwy 3,165 SF Retail Building Spartanburg, SC 29303 $2,168,122 CAD ($685.03 CAD/SF) 7% Cap Rate
Investment Highlights
- Prime frontline position in Spartanburg’s highest traffic highway corridor.
- Strong long term demographic tailwinds from Spartanburg growth and Boiling Springs expansion.
- Recent remodel shows commitment to this location.
- Featured interchange location at I 85 Exit 78 with excellent visibility and ingress/egress.
- Brumit Restaurant Group is one of the largest and longest established Arby’s franchise organization founded in 1988 with 64+ locations
- High traffic corridor with 23,800 VPD on Chesnee Hwy and 71,200 VPD on I-85.
Executive Summary
This Arby’s sits directly along the Chesnee Highway (US 221 corridor), immediately adjacent to Interstate 85 Exit 78 — one of Spartanburg’s strongest QSR anchored retail nodes. Surrounding uses include national quick service restaurants, fuel stations, hotels, and service retailers.
The US 221 / Chesnee Hwy interchange is a heavy commuter and logistics corridor with 23,800 VPD on Chesnee Hwy and 71,200 VPD on I-85.
Brumit Restaurant Group (BRG) is regarded as one of the most successful and consistently expanding Arby’s franchise groups, maintaining superior operations and a strong people focused culture. Today, BRG operates 64+ Arby’s units across North Carolina, South Carolina, and Tennessee, making it a major multi state operator in the Southeast.
Listing by BOR Benjamin Yelm
The US 221 / Chesnee Hwy interchange is a heavy commuter and logistics corridor with 23,800 VPD on Chesnee Hwy and 71,200 VPD on I-85.
Brumit Restaurant Group (BRG) is regarded as one of the most successful and consistently expanding Arby’s franchise groups, maintaining superior operations and a strong people focused culture. Today, BRG operates 64+ Arby’s units across North Carolina, South Carolina, and Tennessee, making it a major multi state operator in the Southeast.
Listing by BOR Benjamin Yelm
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,165 SF
Building Class
B
Year Built
2004
Price
$2,168,122 CAD
Price Per SF
$685.03 CAD
Cap Rate
7%
NOI
$151,769 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.25 AC
Zoning
Commercial
Frontage
68’ on Us-221 Hwy
Amenities
- Pylon Sign
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7-02-00-016.02 | Improvements Assessment | $102,505 CAD |
| Land Assessment | $26,591 CAD | Total Assessment | $129,096 CAD |
Property Taxes
Parcel Number
7-02-00-016.02
Land Assessment
$26,591 CAD
Improvements Assessment
$102,505 CAD
Total Assessment
$129,096 CAD
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2221 Chesnee Hwy
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