Properties

Bojangles' (Aiken N)

2644 Columbia Hwy N
Aiken, SC 29805

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.91

Price: $2,225,000

Cap Rate: 6.25%

Description:

• Regional fast-casual restaurant brand founded in 1977 with over 680 locations in 12 Southeast and mid-Atlantic states
• Publicly  traded company (Nasdaq: BOJA) with 24 consecutive quarters of system-wide comparable store sales growth
• 16 year absolute NNN lease commenced December 2015 with 10% rent bumps every 5 years and 3 renewal options
• Subject property operated by a successful and growing 10 unit franchisee based in Augusta GA founded in 2002
• Located 45 miles SW of Columbia (state capitol) on the I-20 corridor (exit 22) 8 miles from downtown Aiken and 1 mile from Aiken Municipal Airport
• Neighboring tenants include McDonald’s, Hardee’s, Waffle House, Dollar General, Days Inn, Quality Inn and several c-stores/fuel stations
• Population of 106,650 and average household income of $63,300 in a 15 mile radius
• Traffic counts of 11,300 AADT on US Hwy 1 and 32,300 AADT on I-20