Bojangles' (Greenville MSA East)
2527 Woodruff Road
Simpsonville, SC 29681
Property: Investment Sales
Square Footage: +/- 3,937
Acreage: +/- 1.13
Price: $3,486,703
Cap Rate: 5.55%
Description:
- Long lease term | 14.5 Years remaining | Absolute net
- Relocation of an existing successful store
- New construction | Store opened April 2018
- Extremely high average household income within 1-mile Radius | $151,019
- Since 2000 strong population growth within a 3-mile radius of the site | 85% growth
- Over next 5 years, attractive population growth within 5-Mile radius of the site | 10.27%
- Large 1.13 acre lot
- High traffic counts | Woodruff Rd (37,900 VPD), Batesville Rd (13,800 VPD), I-385 (100,200 VPD), and I-85 (111,000 VPD)
- Destination retailers in the area | Publix, Lowes foods, Bi-Lo, CVS, Walgreens, McDonald’s, Starbucks, Advance Auto Parts, Arby’s, Verizon, and others
- 5-minute drive to both I-385 and I-85
- Rent increases 7.5% every 5 years
- Approx. 10 Miles to downtown Greenville
- Site located on the going to work side of the road towards downtown Greenville | Breakfast audience
- Located in the highly affluent “Five Forks” submarket | High barriers to entry
