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Views: 51 DOM: 77 Updated: 08.06.24 Posted: 06.22.24 Status: Active

Summary

Price $3,000,000
Built/Renov 2023
Tenant Bojangles (GL)
Cap Rate 4.59%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,822
Lease Start 06-01-2023
#Units 816
Price/SF $1,063.08
Expiration 05-31-2043
Tenant Type Fast Food/QSR
NOI $137,700
R. Term 18.9
Ownership Ground Lease
Rent/SF $48.80
Increases 2.0%/1/yrs
Pop 5Mi 231,255
Lot/AC 0.98
Options 4/5yrs/2%
AHHI 5Mi $162,905

Lease Highlights

  • New 2023 construction
  • Bojangles has 18+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Bojangles is strategically located on Eldorado Parkway, a major retail thoroughfare, with access to 38,600 vehicles passing by daily. The property is across the street from a Walmart Supercenter, with outparcels including Wendy’s, Panda Express, Truist Bank, and Wells Fargo Bank. Additionally, it is in close proximity to Eldorado Crossings, which features Lowe’s Home Improvement, Firestone,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bojangles
  • Guarantor:Corporate
  • Company:The Jordan Company
  • # Units:816
  • Stock:Private

About Tenant

Bojangles Op Co, LLC, doing business as Bojangles, is an American regional chain that owns and operates specialty chicken restaurants. Their menu features their chicken family meals, chicken...


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Listing Broker

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