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Bojangles - 2423 Broad River Rd, Columbia, SC 2423 Broad River Rd 4,236 SF Retail Building Columbia, SC 29210 $2,612,817 ($616.81/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ years remaining on an Absolute Triple Net (NNN) Lease with 8% increases at each 3 x 5 year option.
- Strong corporate guarantee from one of the leading brands in chicken QSR, with over 800 units and growing.
- Less than 1 mile from Interstate 20 with over 108,000 vehicles per day.
- Restaurant has operated at this location for more than 30 years.
- Located directly along Broad River Road, which sees over 38,600 vehicles per day.
- Nearly half a million in capital investment by the tenant in 2023, showing a long-term commitment to the location.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively present for sale the 4,236 SF Bojangles located at 2423 Broad River Road in Columbia, SC. This opportunity features over 7 years remaining on an Absolute Triple Net (NNN) Lease, offering a hands-off, zero-landlord-responsibility investment. The lease includes 8% rental increases at each of the three 5-year option periods, providing a strong hedge against inflation and consistent long-term income growth.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,236 SF
Building Class
B
Year Built/Renovated
2007/2023
Price
$2,612,817
Price Per SF
$616.81
Cap Rate
6%
NOI
$156,769
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Zoning
GC - General commercial
Frontage
185’ on Broad River Rd
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bojangles
- Accommodation and Food Services
- 4,236 SF
- $37.01
- Sep 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bojangles | Accommodation and Food Services | 4,236 SF | $37.01 | Sep 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07403-05-02 | Improvements Assessment | $647,900 |
| Land Assessment | $418,200 | Total Assessment | $1,066,100 |
PROPERTY TAXES
Parcel Number
07403-05-02
Land Assessment
$418,200
Improvements Assessment
$647,900
Total Assessment
$1,066,100
CONTACTS
-
Doug Roland -
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Sands Investment Group
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Bojangles - 2423 Broad River Rd, Columbia, SC | 2423 Broad River Rd
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