1628 John B White Sr Boulevard

1628 John B White Sr Boulevard, Spartanburg, SC 29301

Property Information

  • For Sale $2,500,000
  • Property Type Retail - Street Retail
  • Property Size 2,365 SF
  • Date Updated Jul 16, 2026

Description

Located inside a dense retail corridor of Spartanburg, SC with convenient access from John B. White Blvd and approximately 30 minutes from downtown Greenville.NAI Charleston is pleased to present the opportunity to acquire a ±2,365 SF freestanding Popeyes situated on ±0.89 acres along one of Spartanburg’s premier retail corridors. The property offers excellent visibility, convenient access, and a drive-thru configuration, with approximately six years remaining on the lease, providing stable, predictable cash flow. Surrounded by a strong concentration of national retailers and restaurants, the site benefits from consistent consumer traffic and is located within 30 minutes of downtown Greenville and 10 minutes of five colleges and universities, creating a diverse and growing customer base. Constructed in 2022, the property features modern improvements and presents an exceptional opportunity to acquire a newer, net-leased asset occupied by a nationally recognized quick-service restaurant brand.

Highlights

  • Acreage: ±0.89 AC
  • Cap Rate: 5.2%
  • Improvements: ±2,365 SF freestanding building
  • Landlord/Seller: Palmetto Land Buyers, LLC
  • Lease Term: See Lease Summary (following page) for full commencement, expiration, and rent schedule
  • NOI: $130,000 (Lease Years 1-5)
  • Price: $2,500,000
  • Structure: Absolute Triple Net (NNN)
  • Tenant Responsibility: taxes, insurance, & maintenance/repair
  • Tenant: PSP-PLC 22, LLC (PSP Holdings); Guaranty: PLC Development Group, LLC
  • Year Built: 2022

Contacts

Location

Located at 1628 John B White Sr Boulevard, Spartanburg, SC 29301, this property is part of the Camelot neighborhood and Greenville market.

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