940 Hyatt St - Fast Food FOR SALE


Gaffney, SC 29341
$2,777,777 USD
561-602-8390
940 Hyatt St, Gaffney, SC for Sale
$2,777,777 USD
Fast Food - FOR SALE
1/9
null | 5.4% 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 offering 940 Hyatt Street in Gaffney, South Carolina, a corporately guaranteed Bojangles investment featuring 15 years of firm term under an absolute NNN lease. The lease is backed by Bojangles Opco, LLC, with an unconditional and irrevocable joint and several guarantee from Bojangles Issuer, LLC and Bojangles Guarantor, LLC. This dual corporate guarantee remains fully intact throughout the lease duration, including all renewals or extensions, and cannot be reduced or altered by changes to the underlying lease. The asset is a 3,681-square-foot freestanding Bojangles restaurant with a drive-thru, built in 2014 on a 1.54-acre site along the Interstate 85 corridor. Located between the fast-growing Charlotte and Greenville metros, the property benefits from steady traffic and strong quick-service demand at a price point below major MSA comparables. With Bojangles operating more than 800 locations nationwide and actively expanding into major new markets, the combination of corporate-guaranteed income, rent growth, modern construction, and a strategic I-85 location makes this offering an attractive opportunity for private investors and 1031 exchange buyers seeking institutional-quality cash flow.

FOR SALE DETAILS

PRICE

$2,777,777 USD

PRICE/SF

$755 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles'

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

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.