www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31519849
31519850

940 Hyatt St, Gaffney, SC 29341 For Sale

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida
$2,650,000
103 days on market
Updated 19 days ago

Corporate Bojangles 15 Years

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,681
Units 1
Cap Rate 5.66%
NOI $150,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Expiration 03/31/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options One (1) 5 year option through March 31, 2046 at $173,644/year ($14,470.33/month)
Price per SqFt $720
Year Built 2014
Buildings 1
Stories 1
Acreage 1.540
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple Land and Building

Recently Executed 15 Year Corporate Lease Extension

Marketing description

Colliers is offering 940 Hyatt Street in Gaffney, South Carolina, a corporately guaranteed Bojangles investment featuring 15 years of firm term under an absolute NNN lease. The lease is backed by Bojangles Opco, LLC, with an unconditional and irrevocable joint and several guarantee from Bojangles Issuer, LLC and Bojangles Guarantor, LLC. This dual corporate guarantee remains fully intact throughout the lease duration, including all renewals or extensions, and cannot be reduced or altered by changes to the underlying lease.

The asset is a 3,681‑square‑foot freestanding Bojangles restaurant with a drive‑thru, built in 2014 on a 1.54‑acre site along the Interstate 85 corridor. Interstate 85 is the main highway in the South, connecting major cities like Atlanta, Charlotte, and Greensboro. Located between the fast‑growing Charlotte and Greenville metros, the property benefits from steady traffic and strong quick‑service demand at a price point below major MSA comparables. With Bojangles operating more than 800 locations nationwide and actively expanding into major new markets, the combination of corporate‑guaranteed income, rent growth, modern construction, and a strategic I‑85 location makes this offering an attractive opportunity for private investors and 1031 exchange buyers seeking institutional‑quality cash flow.

Investment highlights

  • Recently Executed 15 Year Corporate Lease Extension
  • Absolute NNN with Zero Landlord Responsibilities
  • Built-In Rent Growth
  • Strategic |-85 Corridor Location Adjacent to Major Outlet Mall
  • Modern 2014 Construction with Drive Thru
  • 800+ Location National Brand

Listing Contacts

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

0
DSCR
5.66%
Cap Rate
5.66%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591