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Bojangles - Upstate SC 813 W Greenwood St
2,695 SF Retail Building Abbeville, SC 29620 $3,205,010 CAD ($1,189 CAD/SF) 5.85% Cap Rate
Investment Highlights
- 16-year absolute NNN lease with 3 renewal options of 5 years each
- Bojangles is one of the most popular QSR brands in the Southeast (800+ stores in 17 states)
- Highest traffic counts in the market are in front of the Property with 11,800 VPD
- 10% rent bumps every 5 years beginning in year 7 including the options
- BOJ of WNC is the largest (125+ units in 6 states) and most decorated franchisee in the chain
- Located next to the Abbeville government offices and the Abbeville Area Medical Center
Executive Summary
The Property was developed in the second half of 2023 on 0.85 acres with a 2,695 square foot drive-thru building and 28 parking spaces. Bojangles signed a 16-year absolute NNN lease that commenced in February 2024 with multiple 5-year renewal options and 10% rent bumps every 5 years. The franchisee (BOJ of WNC) is the largest operator in the Bojangles system with over 125 locations in 6 states.
The Property is in the county seat of Abbeville County and positioned on SC Hwy 72, the primary east-west commercial corridor through the county with the highest traffic volume occurring in front of the Property. Abbeville is less than 1 hour south of Greenville, less than 1.5 hours north of Augusta, less than 2 hours west of Columbia, and less than 3 hours east of Atlanta.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,695 SF
- $69.57 CAD
- Net
- Feb 2040
Founded in 1977 in Charlotte, N.C., Bojangles', Inc. is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from Southern recipes. Bojangles' prepares all of its proprietary menu items from scratch and there are no microwaves in its restaurants. A special blend of seasonings gives the food its unique Bojangles' flavor. The restaurants core menu features Bojangles’ famous chicken, made-from-scratch buttermilk biscuits, flavorful fixin’s and Legendary Iced Tea® steeped the old-fashioned way. Bojangles’ broad breakfast menu is served fresh all day, every day and features biscuit sandwiches such as Cajun Filet, steak and country ham. Bojangles’ menu also features unique fixin’s such as Dirty Rice, Cajun Pintos and Green Beans. First franchised in 1978, Bojangles' has more than 690 locations throughout the southeast U.S. For more information, visit www.Bojangles.com.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,695 SF | $69.57 CAD | Net | Feb 2040 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 122-00-00-176 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,726 CAD |
PROPERTY TAXES
Presented by
Bojangles - Upstate SC | 813 W Greenwood St
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