4377 Highway 24 Townville, SC 29689
This exceptional investment opportunity presents a freestanding Bojangles restaurant located at 4377 Hwy 24, Townville, SC 29689, in Anderson County. The property boasts 2,695 square feet and sits on a parcel with 36 parking spaces. Currently operating under an absolute NNN lease, this single-tenant property offers significant long-term stability with a lease term extending until March 31, 2039, commencing March 31, 2023, for a total of 16 years. The property is unzoned, providing flexibility for future potential. The strong financial performance is highlighted by a Net Operating Income (NOI) of $164,118, translating to an attractive 5.85% capitalization rate based on the asking price of $2,805,435. This represents a compelling opportunity for investors seeking a stable, high-yield retail investment in a desirable location. The property's location on Hwy 24 ensures high visibility and accessibility, contributing to the consistent performance of the Bojangles franchise. This is a turnkey investment with minimal management requirements, ideal for passive income generation. The long-term lease and strong tenant history provide a secure and predictable return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.