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Views: 156 DOM: 406 Updated: 09.24.24 Posted: 11.11.23 Status: Active

Summary

Price $2,924,182
Built/Renov 2020
Tenant Bojangles
Cap Rate 6.20%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,160
Lease Start 04-20-2020
#Units 18
Price/SF $925.37
Expiration 04-19-2035
Tenant Type Fast Food/QSR
NOI $181,299
R. Term 10.4
Ownership Fee Simple
Rent/SF $57.37
Increases 1.5%/1/yrs
Pop 5Mi 20,159
Lot/AC 1.38
Options 5/5yrs/10%
AHHI 5Mi $79,078

Lease Highlights

  • Bojangles has 11+ years remaining on its primary lease term with 5 (5-year) options to extend
  • The lease features rental increases of 1.5% annually
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guarantee (18-units)

Location Description

Bojangles is strategically positioned on S. 4th Avenue (13,692 VPD), the retail corridor located directly off South Carolina Highway 151. The property is also easily accessible from U.S. Route 15, a primary thoroughfare which bisects Highway 151, offering easy connectivity to the Downtown Hartsville area and Interstate-20, which allows easy access to the nearby major city of Columbia, South...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bojangles
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:18
  • 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
2028 Total Population : 1,967 12,786 20,079
2023 Total Population : 2,001 13,028 20,478
2023 Employed Civilian Pop : 690 5,182 8,218
2023 Total Businesses : 242 720 804
2023 Average Household Income : $ 45,616 $ 76,710 $ 79,097
2023 Total Consumer Spending : $ 35 M $ 364 M $ 589 M
2023 Median Age : 34 40 42
2023 Total Households : 863 5,381 8,453
2023 Pop Age 25+: Bachelor's Degree : 165 1,638 2,593
2023 Average Home Value : $ 101,519 $ 189,150 $ 190,746
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Washington Avenue S 4th St 2022 4,800 0.34 mi
South 4th Street Berkley Ave 2022 12,800 0.44 mi
South 4th Street Darlington Ave 2021 12,000 0.44 mi
Darlington Avenue S 4th St 2022 2,800 0.54 mi
South Marquis Highway S 4th St 2021 5,700 0.57 mi
Swift Creek Road Dove St 2022 1,300 0.57 mi
South 6th Street Pleasant Ln 2022 3,400 0.68 mi
Chesterfield Street Elm St 2022 250 0.71 mi
South 5th Street E Camden Ave 2022 12,400 0.75 mi
South 5th Street Russell Rd 2021 8,300 0.78 mi

Listing Broker

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