Properties

Bojangles' (Greenville MSA East)

2527 Woodruff Road
Simpsonville, SC 29681

Property: Investment Sales

Square Footage: +/- 3,937

Acreage: +/- 1.13

Price: $3,550,000

Cap Rate: 5.45%

Description:

• New prototype class A construction completed in April 2018
• 15 year triple net corporate lease with 7.5% rent bumps every 5 years
• Publicly traded company (NASDAQ: BOJA) with 770 restaurants in 11 states and D.C.
• 10 miles east of downtown Greenville on a high traffic corridor with 37,900 cars per day
• 7 miles south of Greenville-Spartanburg International Airport with 2.13 million passengers in 2017 up 6% from 2016
• Part of the desirable and affluent “Five Forks” submarket with limited commercially-zoned real estate adding to the long-term value of the property
• $141,600 average household income within a 1-mile radius and population of 102,000 within a 5-mile radius
• Upstate SC is a 10-county region along the booming I-85 corridor between Atlanta GA and Charlotte NC with a rapidly growing population of 1.44 million