326 John Dodd RdSpartanburg, SC 29303

Property Details for 326 John Dodd Rd

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Spartanburg

County

Spartanburg

State

South Carolina

Latitude

35.0107

Longitude

-82.0278

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