Properties

Bojangles' (Greenville MSA)

208 Harrison Bridge Road
Simpsonville, SC 29680

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.155

Price: $2,842,000

Cap Rate: 5.25%

Description:

• Rapidly growing regional fast-casual restaurant brand founded in 1977 in Charlotte NC with over 690 locations in 12 Southeast and mid-Atlantic states
• Publicly traded company (Nasdaq: BOJA) with 25 consecutive quarters of system-wide comparable store sales growth
• 15 year absolute NNN corporate guaranteed lease commenced December 2015 with 1.25% annual rent bumps and 3 renewal options of 5 years each
• Located along the I-385 corridor (exit 26) in the Greenville-Spartanburg-Anderson CSA with a population over 1.45 million
• 16 miles SE of downtown Greenville with interstate visibility at a signalized intersection
• Adjacent to Southchase, a 525+ acre class A business park, and near Hillcrest High School, one of the largest in the state with +/- 2100 students
• Trade area tenants include Walmart, Target, Publix, Regal Cinemas, Lowe’s, Home Depot, Kohl’s, Ross, TJ Maxx, PetSmart and many more national retailers
• 2016 population of +/- 63,600 and average HH income of +/- $74,300 in a 5 mile radius
• 2015 daily traffic counts of +/- 50,900 on I-385 and +/- 12,200 on Harrison Bridge Rd