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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 21 Updated: 08.13.25 Posted: 08.13.25 Status: Active     08.13.25

Summary

Price $2,762,300
Built/Renov 2023
Tenant Bojangles
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,439
Lease Start 06-01-2023
#Units 800
Price/SF $1,132.55
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $161,594
R. Term 13.9
Ownership Fee Simple
Rent/SF $66.25
Increases 7.0%/7/yrs
Pop 5Mi 23,853
Lot/AC 1.16
Options 3/5yrs/7%
AHHI 5Mi $76,724

Highlights

  • First-class ground-up 2023 development with long-term durability and modern design.

  • 16-year absolute net lease, 7% rent increases every 5 years starting 2029, including all renewal periods.

  • Credit Franchisee Corporate Guarante BOJ of WNC, the largest Bojangles operator with 125+ units across six states.

  • Prime Hard corner location, busiest signalized intersection on Hwy 20/Main St (12,400 VPD) near schools and I-85 access.

  • High Growth Market - Upstate SC region with 1.6M residents, strong in-migration, and an expanding population base driving retail demand.

Location Description

Bojangles is strategically located at the hard corner intersection of West Main Street (SC Highway 20) and Hamilton Street, with a daily traffic count of approximately 12,400 vehicles. The property benefits from prime frontage along a major thoroughfare that serves as a key connector within the Greenville, SC MSA. It is surrounded by national retailers including McDonald’s, Dollar General,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Bojangles OpCo, LLC (doing business as Bojangles) is an American fast-food restaurant chain specializing in chicken and Southern-style cuisine. The company was founded in 1977 in Charlotte,...


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