Listed by Marcus & Millichap - Raleigh, Marcus & Millichap - Charleston
$2,670,975
Bojangles (Greenville, SC MSA)
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,439
Net Rentable (SqFt) 2,439
Units 1
Cap Rate 6.05%
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Expiration 05/30/2039
Remaining Term 13
Rent Bumps Yes
Price per SqFt $1,095
Year Built 2023
Buildings 1
Stories 1
Acreage 1.160
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Retail | 6.05% CAP | 2,439 SqFt
Investment highlights
- Absolute NNN Lease | No Landlord Responsibilities Fast Food (QSR) Asset with A Drive-Thru
- Long Lease Term | 13+ Yrs Remaining
- New Construction Building | Built in 2023
- Built in Rent Growth | 7% Increases in Year 7, 12, and Each Option
- Strong Franchisee Guaranty | Largest Bojangles Franchisee Operator With 120+ Locations
- 30-Min. Drive to Downtown Greenville, SC | Upstate Region: Greenville, Spartanburg, Anderson
- Located at Signalized Intersection with Two (2) Access Points
Listing Contacts
Listed by Marcus & Millichap - Raleigh, Marcus & Millichap - Charleston
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