940 Hyatt St - Fast Food FOR SALE


Gaffney, SC 29341
$2,650,000 USD
561-602-8390
940 Hyatt St, Gaffney, SC for Sale
$2,650,000 USD
Fast Food - FOR SALE
1/9
null | 5.66% Cap Rate

940 Hyatt St
Gaffney, SC 29341


HIGHLIGHTS

  • Recently Executed 15 Year Corporate Lease Extension
  • Dual Entity Corporate Guarantee
  • Absolute NNN with Zero Landlord Responsibilities
  • Built In Rent Growth
  • Strategic I-85 Corridor Location Adjacent to Major Outlet Mall
  • Modern 2014 Construction with Drive Thru

OVERVIEW

Colliers is pleased to offer 940 Hyatt Street in Gaffney, South Carolina, a corporately guaranteed Bojangles investment with 15 years of firm term remaining under an absolute net lease. This is a true passive income opportunity that requires zero landlord responsibilities for the entire duration of the lease, making it ideal for investors seeking institutional quality cash flow without operational involvement. The property consists of a 3,681 square foot freestanding restaurant with a dedicated drive-thru, built in 2014 on a 1.54 acre parcel. The newer construction reflects Bojangles' modern prototype and meaningfully reduces near term capital concerns, giving the next owner a clean, well maintained asset operated by a tenant with strong brand recognition across the Southeast. Strategically located along the Interstate 85 corridor, the site sits directly between two of the most active growth markets in the Southeast, Charlotte and Greenville. This stretch of I-85 generates some of the heaviest traffic counts in the state and pulls consistent demand from both commuter and interstate traffic. Gaffney itself benefits from a strong industrial base, tourism flow from the Gaffney Premium Outlets, and a steady residential population that supports daily quick service restaurant sales. Bojangles operates more than 800 locations nationwide and is in the middle of an aggressive expansion push into new markets including Texas, Ohio, Nevada, and the broader Midwest. The brand has been a Southeastern staple for decades and continues to gain national momentum, supported by a refreshed prototype and growing franchisee demand. This unit sits within the heart of the brand's legacy trade area, where customer loyalty is highest and unit level performance has historically been strongest. For private investors and 1031 exchange buyers, the combination of corporate backing, long firm term, contractual rent growth, modern construction, and a high traffic location along one of the Southeast's most important corridors makes this a rare opportunity to secure stable, hands off income at a price point well below comparable assets in primary metropolitan markets.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

5.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Guaranteed Bojangles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

-

APN/PARCEL ID

063-00-00-059.006

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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