Listed by Sands Investment Group Los Angeles, Sands Investment Group
$2,549,089
Bojangles - Columbia, SC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,236
Cap Rate 6.15%
NOI $156,769
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 09/09/2032
Remaining Term 6.1
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $602
Year Built 2007
Year Renovated 2023
Acreage 1.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/10/2007
Ground Lease No
Bojangles - Columbia, SC | Corporate Guarantee | 108K+ VPD | 30 Years of Operational History
Marketing description
Sands Investment Group is pleased to exclusively present for sale the 4,236 SF Bojangles located at 2423 Broad River Road in Columbia, SC. This opportunity features over 6+ years remaining on an Absolute Triple Net (NNN) Lease, offering a hands-off, zero-landlord-responsibility investment. The lease includes 8% rental increases at each of the three 5-year option periods, providing a strong hedge against inflation and consistent long-term income growth.
Investment highlights
- 6+ years remaining on an Absolute Triple Net (NNN) Lease with 8% increases at each 3 x 5-year option.
- Restaurant has operated at this location for more than 30 years.
- Strong corporate guarantee from one of the leading brands in chicken QSR, with over 800 units and growing.
- Located directly along Broad River Road, which sees over 38,600 vehicles per day.
- Less than 1 mile from Interstate 20 with over 108,000 VPD.
- Nearly half a million in capital investment by the tenant in 2023, showing a long-term commitment to the location.
- Bojangles restaurant sits on a 1.08-acre lot, which provides numerous redevelopment possibilities and valuable future upside.
- Addition of EV charging infrastructure positions the asset to benefit from evolving consumer trends and future retail traffic demand.
- Strong demographics with 126,600+ residents within a 5-mile radius.
- Area benefits from a stable and diversified economic base driven by government, healthcare, education, military, and manufacturing employment sectors.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,769.00
$13,064.08/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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