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Views: 106 DOM: 136 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $2,850,345
Built/Renov 2007/2023
Tenant Bojangles
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,236
Lease Start 09-10-2007
#Units 816
Price/SF $672.89
Expiration 09-09-2032
Tenant Type Fast Food/QSR
NOI $156,769
R. Term 7.8
Ownership Fee Simple
Rent/SF $37.01
Increases 8.0%/7/yrs
Pop 5Mi 130,866
Lot/AC 1.08
Options 3/5yrs/8%
AHHI 5Mi $56,775

Lease Highlights

  • Bojangles has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 8% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Bojangles is strategically located on Broad River Road, with access to 36,500 vehicles passing by daily. The property is conveniently situated less than 1 mile from Interstate 20 (108,000 VPD), and minutes away from the heavily traveled intersection of Interstate 20 and Interstate 26, which sees 233,600 VPD. Additionally, it is less than 1 mile from Columbia High School and is surrounded by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bojangles
  • Guarantor:Corporate
  • Company:The Jordan Company
  • # Units:816
  • Stock:Private

About Tenant

Bojangles Op Co, LLC, doing business as Bojangles, is an American regional chain that owns and operates specialty chicken restaurants. Their menu features their chicken family meals, chicken...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 10,028 53,806 127,836
2022 Total Population : 9,963 53,516 126,083
2022 Employed Civilian Pop : 5,572 26,451 61,163
2022 Total Businesses : 506 2,146 7,862
2022 Average Household Income : $ 49,017 $ 65,030 $ 66,746
2022 Total Consumer Spending : $ 212 M $ 1307 M $ 3240 M
2022 Median Age : 31 35 35
2022 Total Households : 4,948 23,075 55,772
2022 Pop Age 25+: Bachelor's Degree : 1,268 7,556 17,183
2022 Average Home Value : $ 155,336 $ 212,837 $ 213,767
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Broad River Rd Briargate Cir 2018 38,200 0.20 mi
Broad River Rd I- 20 2019 37,600 0.25 mi
Gale Dr 2019 103,500 0.46 mi
I- 20 Browning Rd 2018 100,800 0.48 mi
Bakersfield Rd Statler Rd 2019 1,200 0.57 mi
Dutch Square Blvd Bakersfield Rd 2019 6,800 0.62 mi
I- 26 I- 126 2018 134,700 0.81 mi
Frontage Rd 2019 135,700 0.82 mi
Bush River Road Lawand Dr 2019 28,600 0.83 mi
Bush River Rd Lawand Dr 2018 28,700 0.83 mi

Listing Broker

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