Highlights
• Absolute NNN lease with 13+ years remaining, zero landlord responsibilities, and 1.5% annual rent increases. • Backed by Bojangles’ largest franchisee: Lease guaranteed by BOJ of WNC, operating 120+ locations across five states. • Prime drive-thru location on 1.29 acres: 3,730 SF building, ±56 parking spaces, 15.01:1,000 SF parking ratio, high visibility along Highway 76. • Strong residential growth: 900+ new homes/apartments within a half-mile of the property. • Strategic retail corridor: Surrounded by Dunkin’, Circle K, Zaxby’s, and anchored by a Food Lion shopping center. • Near Clemson University: $6.4B economic engine, 29,000+ students and 1,000 faculty members.
Description
Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., is pleased to present the opportunity to acquire a 100% absolute triple net (NNN) leased Bojangles, backed by the chain’s largest franchisee, BOJ of WNC (the “Property”). This fee simple offering provides investors with stable, passive cash flow secured by a nationally recognized QSR brand. BOJ of WNC operates over 120 Bojangles locations across five states, and this location benefits from more than 13 years remaining on the original 20-year lease term. The lease includes 1.50% annual rent increases throughout the base term and both five-year renewal options, delivering zero landlord responsibilities and built-in income growth. The Property sits on a 1.29-acre pad site with a 3,730-square-foot drive-thru restaurant built in 2014. With approximately 56 surface parking spaces (15.01:1,000 SF ratio), the site offers excellent accessibility and visibility along Highway 76, the main corridor connecting Clemson and Anderson. The surrounding retail corridor features a growing lineup of national tenants, including Dunkin’, Circle K, and Zaxby’s, as well as Pendleton Plaza, anchored by Food Lion, South Carolina’s largest grocery chain with 142 locations. The site benefits from strong traffic counts (29,000+ VPD) and continued retail expansion in a rapidly developing submarket. The immediate trade area has seen significant residential growth, further strengthening the location. Within half a mile of the Property, over 900 new housing units have recently been delivered or are under construction, including Champions Village at Cherry Hill (291 homes), The Preserve at Pendleton (258 homes), and The Falls at Meehan (296 apartments). Directly across the street, Wren Point added 75 single-family homes in 2022. This sustained population growth supports long-term traffic and demand for the tenant’s operations. Pendleton is located in the heart of the Upstate South Carolina region, less than 10 minutes from Clemson University, which enrolls over 29,000 students and employs more than 2,000 faculty members, generating an estimated $6.4 billion in annual economic impact statewide, nearly $5 billion concentrated in the Upstate. Coupled with BoJangles’ national growth, including over 35 new stores in 2024 and expansion into key new markets in 2025, this asset is ideally positioned at the intersection of brand momentum, strong franchise backing, and robust local market growth.
Property Documents
Bojangles 7610 Flyer.pdf
6.72 MB
Listing Details
- Cap Rate
6.25%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$178,181
- Parking Info
56 Spaces
Property Specifics
- Property Name
STNL Bojangles Drive-Thru
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2014
- Building Size
3,730 SF
- Lot Size
1.29 Ac
- APN
041-02-03-005
- Zoning
AB (Area-Wide Business District)
- Occupancy
100%