4397 Sc-24 Anderson, SC 29626

Property Details for 4397 Sc-24

Year built

2023

Lot size

1.22 lot acres

Property size

2,695 SF

Property type

Retail properties

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.

Location Insight

City

Anderson

County

Anderson

State

South Carolina

Longitude

-82.7603

Latitude

34.5105