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Bojangles | #1 Franchisee | Greenville MSA 627 W Main St 2,439 SF Retail Building Williamston, SC 29697 $2,762,300 ($1,132.55/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Net Lease: 16-year primary term with multiple renewal options and ZERO landlord responsibilities
- Strong Guaranty: All 125+ BOJ of WNC units across 6 states are under one LLC and that LLC is the entity on the lease
- Strategic Location: Positioned on the main traffic corridor (Hwy 20/Main St– 12,400 VPD) at the busiest signalized intersection in the market
- Credit Tenant: BOJ of WNC is the largest and most profitable franchisee operator in the Bojangles system
- National Brand: Bojangles has 850 locations across 20 states from New Jersey to Las Vegas and internationally in Honduras
- Interstate Access: I-85, the primary highway thoroughfare through the Upstate region connecting Atlanta and Charlotte, is 6 miles away
EXECUTIVE SUMMARY
Trinity Partners is proud to serve as exclusive advisor to the Developer (“RealtyLink”) and present this absolute net lease investment opportunity in metro Greenville SC occupied by Bojangles Famous Chicken ‘n Biscuits, a leader in the QSR industry with 850 locations across 20 states and Honduras. (“Property”)
The Property was developed in 2023 on 1.16 acres with a 2,439 SF drive-thru/dine-in building with patio seating and 35 parking spaces. The 16-year NNN lease commenced in June 2023 with 7% rent bumps every 5 years beginning in 2029 and multiple 5-year renewal options. BOJ of WNC is the #1 operator systemwide and all 125+ locations guarantee the lease.
The Property is strategically located directly between Greenville and Anderson just a few miles off I-85 along SC Hwy 20/W Main St. Perfectly positioned at the busy signalized intersection of W Main St, Academy St, Belton Dr, and Anderson Dr, the Property sits at the heart of the growing Williamston suburban community. Greenville was named the #4 “Best Place to Live” by U.S. News & World Report’s Best Places for 2025.
The Property was developed in 2023 on 1.16 acres with a 2,439 SF drive-thru/dine-in building with patio seating and 35 parking spaces. The 16-year NNN lease commenced in June 2023 with 7% rent bumps every 5 years beginning in 2029 and multiple 5-year renewal options. BOJ of WNC is the #1 operator systemwide and all 125+ locations guarantee the lease.
The Property is strategically located directly between Greenville and Anderson just a few miles off I-85 along SC Hwy 20/W Main St. Perfectly positioned at the busy signalized intersection of W Main St, Academy St, Belton Dr, and Anderson Dr, the Property sits at the heart of the growing Williamston suburban community. Greenville was named the #4 “Best Place to Live” by U.S. News & World Report’s Best Places for 2025.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,439 SF
Building Class
B
Year Built
2023
Price
$2,762,300
Price Per SF
$1,132.55
Cap Rate
5.85%
NOI
$161,595
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.16 AC
Zoning
Residential commercial - Residential commercial
Parking
35 Spaces (14.35 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- BOJ of WNC
- Retailer
- 2,439 SF
- $66.25
- Triple Net
- May 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| BOJ of WNC | Retailer | 2,439 SF | $66.25 | Triple Net | May 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 245-19-17-004 | Improvements Assessment | $98,950 |
| Land Assessment | $11,720 | Total Assessment | $110,670 |
PROPERTY TAXES
Parcel Number
245-19-17-004
Land Assessment
$11,720
Improvements Assessment
$98,950
Total Assessment
$110,670
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Bojangles | #1 Franchisee | Greenville MSA | 627 W Main St
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