2423 Broad River Rd Columbia, SC 29210
- Commercial real estate
- 3,428 SF
- 0.96 lot acres
Current Use by Public Records
- Bojangles / Chicken Restaurant / Family Restaurant
Property Details for 2423 Broad River Rd
- Year built
- 2007
- Construction
- FRAME
- Lot size
- 0.96 lot acres
- Property size
- 3,428 SF
- Zone code
- GC
- Property type
- Commercial real estate
- APN
- R07403-05-02
- APU
- R074030502
Description
This exceptional investment opportunity presents a 4,236-square-foot Bojangles restaurant located at 2423 Broad River Road, Columbia, South Carolina, 29210. The property sits on a 1.08-acre lot and boasts a strong 5.50% cap rate, generating a net operating income (NOI) of $156,769. The property is offered at an asking price of $2,850,345. This is a single-tenant, absolute triple-net (NNN) lease with a corporate guarantee from Bojangles, providing significant security for investors. The lease commenced September 10, 2007, and has a remaining term of approximately 7.8 years, extending to September 9, 2032. The lease includes three five-year renewal options with an 8% rent increase at each option. Built in 2007, this well-established Bojangles benefits from its high-traffic location on Broad River Road, seeing over 36,500 vehicles daily, and less than a mile from Interstate 20 (over 108,000 vehicles daily) and the intersection of Interstates 20 and 26 (233,600 vehicles daily). The tenant recently invested nearly half a million dollars in capital improvements in 2023, demonstrating a long-term commitment to the site. The property enjoys strong demographics, with over 130,000 residents within a five-mile radius and is situated near other prominent retailers including Buddy's Home Furnishings, CVS, Dollar Tree, Sherwin Williams, Sonic, Taco Bell, Chick-fil-A, and McDonald's. This is a secure, passively managed investment with significant upside potential. The property's 100% occupancy further enhances its attractiveness to discerning investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -81.0981
- Latitude
- 34.0423
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
