Bojangles

2621 South Main Street, High Point, NC 27263

$3,505,000

Cap Rate 6.00%

Views: 98 DOM: 357 Updated: 09.05.24 Posted: 11.30.23 Status: Contract 08.12.24

Summary

Price $3,505,000	Built/Renov 2023	Tenant Bojangles
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,500	Lease Start 12-15-2022	#Units 816
Price/SF $1,402.00	Expiration 12-31-2037	Tenant Type Fast Food/QSR
NOI $210,329	R. Term 13.1	Ownership Fee Simple
Rent/SF $84.13	Increases 1.3%/1/yrs	Pop 5Mi 94,902
Lot/AC 1.12	Options 4/5yrs/1.25%	AHHI 5Mi $69,643

Lease Highlights

Brand new 2023 construction
Bojangles has 14+ years remaining on the current lease term with 4 (5-year) options to extend
Lease features 1.25% annual rental increase throughout the initial term and each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Bojangles recently moved a few parcels down the road to a signalized, hard corner location on South Main Street, with access to 47,100 vehicles passing by daily. This site is strategically positioned in an ideal retail corridor, adjacent to ALDI and a newly established Sam’s Xpress Car Wash. Additionally, it stands directly across the street from a Walmart Supercenter-anchored center. Within...

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Key Features

New construction
Relocation store
Dense retail corridor
Near major nationals
Freeway close
Absolute NNN
Long 10+ yr lease
Annual rent increases
Corporate Guarantee
Over 500 units backed

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Links

Bojangles Wikipedia Bojangles Wikipedia High Point, North Carolina Zip Code 27263 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,184	35,965	94,141
2023 Total Population :	4,270	36,439	94,902
2023 Employed Civilian Pop :	2,108	15,161	41,109
2023 Total Businesses :	415	2,475	4,233
2023 Average Household Income :	$ 51,967	$ 55,213	$ 69,643
2023 Total Consumer Spending :	$ 80 M	$ 703 M	$ 2240 M
2023 Median Age :	35	37	38
2023 Total Households :	1,741	14,413	36,733
2023 Pop Age 25+: Bachelor's Degree :	253	2,487	9,898
2023 Average Home Value :	$ 214,660	$ 168,630	$ 201,854

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Fraley Road		2019	3,500	0.17 mi
SR 1009	Plz Ln	2020	21,000	0.18 mi
West Fairfield Road	Surrett Dr	2021	9,800	0.25 mi
Bellemeade Street		2019	1,700	0.31 mi
South Main Street	W Willis Ave	2021	25,000	0.33 mi
South Main Street	E Moore Ave	2021	22,000	0.37 mi
East Fairfield Road	Bellemeade St	2019	16,000	0.39 mi
East Fairfield Road	Akers Ct	2021	14,000	0.40 mi
S Main St	E Fairfield Rd	2003	29,000	0.41 mi
NC 610	Brentwood St	2020	8,300	0.48 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28460 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27452 Views
21 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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