For Sale
$2,251,500

813 Greenwood St Abbeville, SC 29620

High-traffic Bojangles, Upstate SC

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,695 square foot Bojangles restaurant in Abbeville, South Carolina. Built in 2023, this single-tenant property boasts a 15.3-year remaining lease term (expiring February 28, 2040) with a top-performing franchisee operating over 125 units. The lease is a triple-net (NNN) agreement, ensuring minimal landlord responsibilities. The property features 28 parking spaces and is situated on a 0.85-acre lot with high visibility on SC Hwy 72, a major commercial corridor. The lease includes 10% rent bumps every five years, starting in year seven, providing significant long-term growth potential. The property's strong location benefits from proximity to government offices, a medical center, and other established retailers. With a current NOI of $131,704 and a 5.85% cap rate, this investment offers a compelling return on investment. The property is zoned GC (General Commercial) and enjoys 100% occupancy since its January 31, 2024 opening. Three five-year lease renewal options further enhance the security and longevity of this investment. The Abbeville location benefits from a substantial workforce within a 30-mile radius and a growing population in Abbeville County. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant upside potential.

Highlights

  • 16-year absolute NNN lease with three 5-year renewal options.
  • 10% rent increases every five years starting in year seven, including option periods.
  • Bojangles' strong Southeast presence (800+ locations).
  • Tenant is the largest and most successful Bojangles' franchisee (125+ units).
  • High traffic location with 11,800 vehicles per day.
  • Adjacent to Abbeville government offices and Abbeville Area Medical Center.

Property Details for 813 Greenwood St

Property type
Retail properties
Square Feet
2,695 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
37,026 SF
Units
1

Location Insight

City
Abbeville
County
Abbeville
State
South Carolina
Latitude
34.1623846
Longitude
-82.3822017

FAQs

What type of property is this?
Retail property - High-traffic Bojangles, Upstate SC
Where is the retail property located?
The property is located at 813 Greenwood St Abbeville, SC.
What is the asking price?
The asking price for this property is $2,251,500.
What are key features of this property?
This property features: 16-year absolute NNN lease with three 5-year renewal options.; 10% rent increases every five years starting in year seven, including option periods.; Bojangles' strong Southeast presence (800+ locations).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
813 Greenwood St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message