For Sale
$2,805,435

4397 Sc-24Anderson, SC 29626

High-Yield Bojangles Net Lease in SC

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 2,695 square foot Bojangles restaurant situated on a 1.218-acre lot in Anderson, South Carolina. Built in 2023, the property boasts a 16-year absolute NNN lease with a corporate guarantee, offering approximately 14.4 years remaining. The lease features a 7% rent increase every five years, commencing in year seven, ensuring strong future returns. Located at a hard corner intersection of SC-24 and SC-187, this prime location benefits from high visibility and proximity to major retailers including AutoZone, Burger King, Subway, and Starbucks. The property enjoys excellent demographics, with over 31,000 people within a five-mile radius and a projected population growth exceeding 1.4% over the next five years. Its strategic location near Clemson University (11 miles) and Anderson University (6 miles) further enhances its appeal. The asking price is $2,805,435, representing a 5.85% cap rate and a NOI of $164,118. This is a rare opportunity to acquire a high-performing, well-located, and secure net lease investment in a rapidly growing area between Atlanta and Charlotte. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers seeking stable, long-term income. The building is 100% occupied. The zip code is 29626.

Highlights

  • 2023-built, 2,695 SF Bojangles restaurant on a 1.218-acre lot.
  • 16-year absolute NNN lease with corporate guarantee; approximately 15 years remaining.
  • High-visibility hard corner location at SC-24 and SC-187, near AutoZone, Burger King, Subway, and Starbucks.
  • Excellent demographics: 31,000+ population within 5 miles, projected 1.4%+ growth over 5 years.
  • Proximity to Clemson University (11 miles) and Anderson University (6 miles).
  • Located in Anderson, SC, a growth area between Atlanta and Charlotte.

Property Details for 4397 Sc-24

Property type
Retail properties
Square Feet
2,695 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
53,056 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5105284
Longitude
-82.7603418
4397 Sc-24, Anderson, South Carolina

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4397 Sc-24
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