Bojangles

2423 Broad River Road, Columbia, SC 29210

$2,903,131

Cap Rate 5.40%

Views: 37 DOM: 39 Updated: 09.12.24 Posted: 08.08.24 Status: Active

Summary

Price $2,903,131	Built/Renov 2007	Tenant Bojangles
Cap Rate 5.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,236	Lease Start 09-10-2007	#Units 816
Price/SF $685.35	Expiration 09-09-2032	Tenant Type Fast Food/QSR
NOI $156,769	R. Term 7.12	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 escalations 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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Key Features

Recent renovation
Build to suit
In location for years
Dense retail corridor
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Long operation history
Corporate Guarantee

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Links

Bojangles Wikipedia Bojangles Wikipedia Columbia, South Carolina Zip Code 29210 Broker Site Page

Maps

Local Information

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

Doug Roland

Sands Investment Group

Contact

14 Listings
857 Views
0 Sold

Sam Mallane

Sands Investment Group

Contact

4 Listings
338 Views
0 Sold

Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Sam Mallane

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, shopping centers, retail, office, self storage and industrial transactions is unparalleled. Sa

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