326 John Dodd Rd Spartanburg, SC 29303

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.