PROSPECTUS SUPPLEMENT NO. 2
(To Prospectus dated September 20, 2002)
   
    FILE PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-99435

U.S. RESTAURANT PROPERTIES, INC.
 
221,482 Shares of Common Stock

        The prospectus of U.S. Restaurant Properties, Inc. (the "Company"), dated September 20, 2002 (as previously supplemented by a prospectus supplement dated January 30, 2003) relating to the sale of the Company's common stock from time to time by the selling stockholders is hereby supplemented as set forth below. You should read this prospectus supplement in conjunction with the prospectus dated September 20, 2002 which is to be delivered with this prospectus supplement.

        The table of selling stockholders set forth on page 4 of the prospectus is hereby supplemented and amended by the information in the table below.

Name
  Shares Owned
Before this Offering

  Shares Offered
in this Offering

  Shares Owned
After this Offering(1)

William B. Eldridge, Trustee fbo
James H. Gant, u/a 12/31/92
  22,568   22,568   -0-
William B. Eldridge, Trustee fbo
James H. Gant, u/a 12/30/77
  11,284   11,284   -0-
William B. Eldridge, Trustee fbo
James H. Gant, u/w Annie Hill Gant
  22,528   22,528   -0-
Robert E. Gant   22,527   22,527   -0-
Gant Realty, Inc.   1,120   1,120   -0-

The date of this prospectus supplement is April 8, 2003