813 Greenwood StAbbeville, SC 29620

Property Details for 813 Greenwood St

Lot size

0.70 AC

Property size (Sq ft)

2,382 SF

Property type

Commercial real estate

APN

122-00-00-176

APU

1220000176

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $601,360

  6.5%

  $555,101

  7%

  $515,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $196,110

  Geo Method

  $196,110

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,090,820

  Retail / Commercial

  $559,768

  Mixed-Use / Specialty

  $558,088

  Hospitality / Lodging

  $409,862

  Office

  $555,101

  Institutional / Educational

  $580,299

  Residential Income

  $678,950

  Multifamily

  $812,547

  Automotive / Energy

  $497,399

  Parking / Income-Based Land

  $171,335

  Restaurant / Food Service

  $290,939

  Healthcare / Senior Housing

  $571,985

Location Insight

City

Abbeville

County

Abbeville

State

South Carolina

Latitude

34.1624

Longitude

-82.3822

Property Tax & Assessments

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