For Sale
$3,416,000

326 John Dodd RdSpartanburg, SC 29303

High-Yield Restaurant Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a newly constructed 3,000 square foot Bojangles restaurant in Spartanburg, South Carolina. Located at 326 John Dodd Rd, this property boasts a strong 20-year absolute NNN lease with a projected annual net operating income of $204,960 and a 6.00% cap rate. The lease features 7.5% rent escalations every five years and five additional five-year renewal options, ensuring long-term financial stability. The tenant is the largest Bojangles franchisee, owning 110 locations, providing a strong guarantor (BOJ of WNC, LLC). Strategically situated midway between Charlotte and Atlanta at I-26 and John Dodd Road, this property benefits from high visibility and convenient access. The asking price is $3,416,000, with rent commencement projected for October 2024. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant upside potential. The property is an absolute net lease, meaning the landlord has no operational responsibilities. This turnkey investment offers a secure and profitable addition to any portfolio.

Highlights

  • 3,000 SF newly constructed Bojangles restaurant with a 20-year absolute NNN lease.
  • Rent commencement: October 2024.
  • Strategically located midway between Charlotte and Atlanta at I-26 and John Dodd Road.
  • Owned by the largest Bojangles franchisee, operating 110 locations.
  • Projected annual net operating income (NOI): $204,960.
  • Rent escalates 7.5% every five years with five, five-year renewal options.

Property Details for 326 John Dodd Rd

Property type
Retail properties, Restaurants
Square Feet
3,000 SF

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
35.0107011
Longitude
-82.0277965
326 John Dodd Rd, Spartanburg, South Carolina

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326 John Dodd Rd
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