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627 W Main St
Williamston, SC 29697
Bojangles | Top Franchisee | Greenville MSA · Retail Property For Sale
Executive Summary
» New Construction: Ground-up first-class development completed in 2023
» Long-Term Net Lease: 16-year primary term with multiple renewal options and ZERO landlord responsibilities
» Rental Increases: 7% rent bumps every 5 years beginning in 2029 and in every option period
» Credit Tenant: BOJ of WNC is the largest and most profitable franchisee operator in the Bojangles system
» Strong Guaranty: All 125+ BOJ of WNC units across 6 states are under one LLC and that LLC is the entity on the lease
» National Brand: Bojangles has almost 900 locations across 25 states from New Jersey to Las Vegas and internationally in Honduras
» Strategic Location: Positioned on the main traffic corridor (Hwy 20/Main St – 12,400 VPD) at the busiest signalized intersection in the market
» Education Base: Palmetto High, Middle, and Elementary Schools (2400+ total students) and Anderson Career & Tech Center (2000+ students) are a few minutes away in opposite directions from the Property
» Interstate Access: I-85, the primary highway thoroughfare through the Upstate region connecting Atlanta and Charlotte, is 6 miles away
» Growing Population: 6.6% growth since 2020 with a projected annual growth rate of 1.22% in a 5-mile radius
» Dynamic Region: Anchored by Greenville, Spartanburg, and Anderson, the Upstate is a 10-county region with 1.6 million residents, 580 international companies, and a net migration of more than 80 people each day
» Long-Term Net Lease: 16-year primary term with multiple renewal options and ZERO landlord responsibilities
» Rental Increases: 7% rent bumps every 5 years beginning in 2029 and in every option period
» Credit Tenant: BOJ of WNC is the largest and most profitable franchisee operator in the Bojangles system
» Strong Guaranty: All 125+ BOJ of WNC units across 6 states are under one LLC and that LLC is the entity on the lease
» National Brand: Bojangles has almost 900 locations across 25 states from New Jersey to Las Vegas and internationally in Honduras
» Strategic Location: Positioned on the main traffic corridor (Hwy 20/Main St – 12,400 VPD) at the busiest signalized intersection in the market
» Education Base: Palmetto High, Middle, and Elementary Schools (2400+ total students) and Anderson Career & Tech Center (2000+ students) are a few minutes away in opposite directions from the Property
» Interstate Access: I-85, the primary highway thoroughfare through the Upstate region connecting Atlanta and Charlotte, is 6 miles away
» Growing Population: 6.6% growth since 2020 with a projected annual growth rate of 1.22% in a 5-mile radius
» Dynamic Region: Anchored by Greenville, Spartanburg, and Anderson, the Upstate is a 10-county region with 1.6 million residents, 580 international companies, and a net migration of more than 80 people each day
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,439 SF
Building Class
B
Year Built
2023
Price
$2,585,500
Price Per SF
$1,060.07
Cap Rate
6.25%
NOI
$161,594
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.16 AC
Zoning
RC - Residential Commercial
Parking
35 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
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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