2423 Broad River RdColumbia, SC 29210

This exceptional investment opportunity presents a 4,236 square foot Bojangles fast-food restaurant located at 2423 Broad River Road, Columbia, South Carolina, 29210. The property sits on a 1.08-acre lot and benefits from a strong location with high traffic counts. The current lease is an absolute triple-net (NNN) lease with a corporate guarantee, offering significant security for investors. The lease commenced September 10, 2007, and has a remaining term of approximately 7.8 years, expiring September 9, 2032. The lease includes three five-year renewal options with an 8% rent increase at each option. The property boasts a 5.50% cap rate and a net operating income (NOI) of $156,769. Built in 2007 and renovated in 2023, the property shows a significant commitment from the tenant. The location enjoys excellent visibility, situated directly on Broad River Road, seeing over 36,500 vehicles daily, and less than a mile from Interstate 20 (over 108,000 vehicles daily) and the intersection of Interstates 20 and 26 (233,600 vehicles daily). The property is also less than a mile from Columbia High School and benefits from strong demographics, with over 130,000 residents within a five-mile radius. Nearby retailers include Buddy's Home Furnishings, CVS, Dollar Tree, Sherwin Williams, Sonic, Taco Bell, Chick-fil-A, and McDonald's. The asking price is $2,850,345, representing a price per square foot of $672.89. This property offers a compelling combination of strong tenant, favorable lease terms, and a prime location, making it an attractive investment opportunity.