326 John Dodd Rd - Fast Food FOR SALE


Spartanburg, SC 29303
$3,416,000 USD
864-606-0937
326 John Dodd Rd, Spartanburg, SC for Sale
$3,416,000 USD
Fast Food - FOR SALE
1/20
null | 6% Cap Rate

326 John Dodd Rd
Spartanburg, SC 29303


HIGHLIGHTS

  • Brand-new build, retail investment opportunity with a long-term lease held by Bojangles.
  • Strong guarantee by the franchisee, BOJ of WNC LLC, the largest owning 110 locations.
  • Absolute NNN lease with no landlord responsibilities.
  • Bojangles holds a 20-year lease with escalations of 7.5% every five years, and five options to renew with escalations.
  • Strategically located with immediate access and visibility to the heavily trafficked Interstate 26.

OVERVIEW

326 John Dodd Road presents an excellent opportunity to own a newly constructed retail property with a booming fast-food tenant. This 3,000-square-foot, newly constructed Bojangles restaurant is part of the largest franchisee owning 110 Bojangles throughout the United States. Bojangles holds a 20-year lease with a rent commencement date of October 2024 with escalations of 7.5% every five years, and five five-year options to renew with escalations. With an absolute triple net lease, there are no landlord responsibilities. A strong guarantee by the franchisee, BOJ of WNC LLC. Located directly off Interstate 26 near Asheville Highway/Highway 176 allows for heavy traffic and exposure from travelers just passing through and daily drivers. 326 John Dodd Road is situated halfway between Charlotte, North Carolina, and Atlanta, Georgia, providing superior access and visibility to over 8,346 daily drivers along John Dodd Road and over 38,305 along Interstate 26. Nearby national retailers include Circle K, Dollar General, Quik Trip, and Waffle House. Spartanburg, South Carolina, is quaint and traditional with excellent transportation systems and a business-friendly environment. This Southern city offers a very liquid investment market, characterized by heavy trading, and the market proved to be yet again this past year. Spartanburg is a mid-sized retail market, desirable due to favorable tax rates, market accessibility, and workforce quality and availability. 326 John Dodd Road is primed to offer an ideal investment opportunity.

FOR SALE DETAILS

PRICE

$3,416,000 USD

PRICE/SF

$1,139 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,190 SF

ZONING

unzoned

APN/PARCEL ID

2-50-13-001.00,2-50-13-001.01,2-50-13-001.02,2-50-13-001.03

ASK ABOUT THIS PROPERTY

Andy HayesSpencer Hines PropertiesMore Info
864-606-0937

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Andy HayesSpencer Hines PropertiesMore Info
864-606-0937

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.