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4397 Sc-24 Anderson, SC 29626

OFF-MARKET Retail properties & Spaces Google Maps
2,695 SF 1.22 ac lot Built 2023
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 2,695 SF
Lot 1.22 ac (53,056 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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