NEW Bojangles’ - Cypress Commercial

NEW Bojangles'

Elgin, SC (Columbia MSA)

Offering Memorandum

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COMPANY OVERVIEW:

Cypress Commercial and Investment Real Estate is an investment real estate brokerage firm that exclusively represents buyers and sellers of single-tenant income producing properties and shopping centers in the Carolinas and southeastern United States. With over 80 years of investment real estate experience, Cypress has emerged as one of the top boutique investment real estate firms. Cypress' brokerage team prides itself on delivering superior client service while offering the most current and advanced marketing techniques in today's marketplace. Cypress has sold over $1 billion in investment properties throughout the Carolinas and eastern half of the United States, representing both buyers and sellers in metropolitan and rural marketplaces.

PRESENTED BY:

James C. Harrison, III, CCIM 803 834.7014 ext. 1 (o) 803 331.8088 (c) jharrison@

ADDRESS:

Cypress Commercial & Investment Real Estate 3101 Devine Street Columbia, SC 29205

DISCLAIMER:

It is the prospective purchaser's responsibility to conduct its own due diligence. The information contained in this brochure does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. Additional information and an opportunity to inspect the property will be made available to interested, qualified prospective purchasers. Owner and its representatives make no representation or warranty, express or implied, as to the accuracy or completeness of this information, and no legal commitments or obligations shall rise by reason of the contents herein. Cypress Commercial and Investment Real Estate represents the seller in this transaction.

The owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest by any entity at any time with or without notice. The owner shall have no legal commitment or obligation to any entity reviewing this information or making an offer to purchase subject property unless and until a written agreement for the purchase of the property has been fully executed, delivered and approved by the owner.

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Representative Photo

Investment Overview / Property Highlights

INVESTMENT HIGHLIGHTS:

? Relocation Store ? Fifteen (15) year initial Lease term with 1.5% annual increases ? Three (3) Five (5) Year Options also with 1.5% annual increases ? NNN Lease with Bojangles' Restaurants, Inc. Corporate ? Bojangles' has over 750 locations in 12 states ? Located on corner of Main Street (US HWY 1) and Bowen Street ? Suburb of Columbia- SC State Capital ? Site Traffic Count: US HWY 1 - 12,400 VPD

PROPERTY HIGHLIGHTS:

Location: Building:

Land Area: Parking Spaces: Zoning: Construction: Site:

2513 Main Street (US HWY 1), Elgin, SC 29045 2,995+/- SF Quick Service Resturant (QSR) Building - Freezer/coolers attached to rear of building and considered real property are not included in the SF calculation 1.28+/- Acres 45 Spaces (2 Handicap) General Commercial Brand New 2019 Construction This Bojangles' Restaurant is located on Main Street in the center of downtown Elgin. Elgin is a suburb of Columbia, the state capital, located 15 miles to the west. Elgin is part of the fast-growing northeast section of Columbia along HWY 1 and I-20. This is a corner site and is a relocation of the Bojangles' located in the IGA Market across the street.

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SALES SUMMARY

Lease Information

Purchase Price CAP Rate

$2,385,000 5.65%

LEASE INFORMATION

Tenant

Bojangles' Restaurants, Inc.

Lease Term Annual Rental*

Renewal Options Estimated Rent Start Date

15 Years

YR 1--- $134,800 YR 6 --- $145,217 YR 11 --- $156,440 YR 2 --- $136,822 YR 7 --- $147,396 YR 12 --- $158,787 YR 3 --- $138,874 YR 8 --- $149,607 YR 13 --- $161,169 YR 4 --- $140,957 YR 9 --- $151,851 YR 14 --- $163,586 YR 5 --- $143,071 YR 10 ---$154,128 YR 15 --- $166,040

Three 5 Year Options Each With 1.5% Annual Increases

July 1, 2019

Estimated Lease Expiration Date

June 30, 2034

Original Lease Term

Fifteen (15) Years

Lease Type

NNN

Landlord Responsibilities

None

*Annual Rent subject to minor adjustment after developer costs are reconciled

Representative Photo Representative Photo Representative Photo

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Greenville

Charlotte

Elgin

Regional Map

Atlanta

Augusta

15 miles

Columbia

Charleston

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