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Property Detail

John Dodd Road
Brand-new build, retail investment opportunity with a long-term lease held by Bojangles.
$3,416,000

Description

  • Brand-new build, retail investment opportunity with a long-term lease held by Bojangles.
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  • Absolute NNN lease with no landlord responsibilities.
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  • Strategically located with immediate access and visibility to the heavily trafficked Interstate 26.
  • Strong guarantee by the franchisee, BOJ of WNC LLC, the largest owning 110 locations.
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  • Bojangles holds a 20-year lease with escalations of 7.5% every five years, and five options to renew with escalations.

Executive Summary

326 John Dodd Road presents an excellent opportunity to own a newly constructed retail property with a booming fast-food tenant. This 3,000-square-foot, newly constructed Bojangles restaurant is part of the largest franchisee owning 110 Bojangles throughout the United States. Bojangles holds a 20-year lease with a rent commencement date of October 2024 with escalations of 7.5% every five years, and five five-year options to renew with escalations. With an absolute triple net lease, there are no landlord responsibilities. A strong guarantee by the franchisee, BOJ of WNC LLC.

Located directly off Interstate 26 near Asheville Highway/Highway 176 allows for heavy traffic and exposure from travelers just passing through and daily drivers. 326 John Dodd Road is situated halfway between Charlotte, North Carolina, and Atlanta, Georgia, providing superior access and visibility to over 8,346 daily drivers along John Dodd Road and over 38,305 along Interstate 26. Nearby national retailers include Circle K, Dollar General, Quik Trip, and Waffle House.

Spartanburg, South Carolina, is quaint and traditional with excellent transportation systems and a business-friendly environment. This Southern city offers a very liquid investment market, characterized by heavy trading, and the market proved to be yet again this past year. Spartanburg is a mid-sized retail market, desirable due to favorable tax rates, market accessibility, and workforce quality and availability. 326 John Dodd Road is primed to offer an ideal investment opportunity.

326 John Dodd Rd

Listing ID : 00888

SKU: 888

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Price History

DateEventPrice
December 13 2024Listed$3,416,000.00