Properties

Bojangles'

123 Simple Savings Drive
Aiken, SC 29801

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,826

Acreage: +/- 1.20

Price: $2,594,100

Cap Rate: 6.50%

Description:

• Popular 38 year old regional brand with 650 locations in 11 states and growing
• Recently commenced 16 year NNN lease with 10% rent bumps in years 7 and 12
• Signalized intersection on the primary retail corridor with 20,000 cars per day
• Outparcel to a newly built Sam’s Club about 5 miles west of downtown Aiken
• Aiken is high growth affluent bedroom community of the Augusta GA MSA
• Population of 50,400 and average household income of $61,600 in a 5 mile radius