Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 4397 Sc-24
- Year built
- 2023
- Lot size
- 1.22 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 2,695 square foot Bojangles restaurant situated on a 1.218-acre lot in Anderson, South Carolina. Built in 2023, the property boasts a 16-year absolute NNN lease with a corporate guarantee, offering approximately 14.4 years remaining. The lease features a 7% rent increase every five years, commencing in year seven, ensuring strong future returns. Located at a hard corner intersection of SC-24 and SC-187, this prime location benefits from high visibility and proximity to major retailers including AutoZone, Burger King, Subway, and Starbucks. The property enjoys excellent demographics, with over 31,000 people within a five-mile radius and a projected population growth exceeding 1.4% over the next five years. Its strategic location near Clemson University (11 miles) and Anderson University (6 miles) further enhances its appeal. The asking price is $2,805,435, representing a 5.85% cap rate and a NOI of $164,118. This is a rare opportunity to acquire a high-performing, well-located, and secure net lease investment in a rapidly growing area between Atlanta and Charlotte. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers seeking stable, long-term income. The building is 100% occupied. The zip code is 29626.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Anderson
- State
- South Carolina
- Longitude
- -82.7603
- Latitude
- 34.5105
