Bojangles

3150 Turner Hill Road, Lithonia, GA 30038

$3,324,444

Cap Rate 6.75%

Views: 7 DOM: 2 Updated: 09.17.24 Posted: 09.17.24 Status: Active

Summary

Price $3,324,444	Built/Renov 2017	Tenant Bojangles
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,962	Lease Start 11-05-2017	#Units 1
Price/SF $839.08	Expiration 11-30-2037	Tenant Type Fast Food/QSR
NOI $224,400	R. Term 13.2	Ownership Fee Simple
Rent/SF $56.64	Increases 10.0%/5/yrs	Pop 5Mi 103,429
Lot/AC 2.02	Options 4/5yrs/10%	AHHI 5Mi $85,521

Lease Highlights

Bojangles has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

Bojangles is strategically located on Turner Hill Road, with access to 25,685 vehicles passing by daily. The property is just 0.5 miles from Stonecrest Mall, which features over 120 stores, and is adjacent to Walmart Supercenter. It is also situated off Highway 20, a major route connecting Atlanta, GA to Columbia, SC. Nearby prominent national retailers include Chick-fil-A, McDonald's, Taco...

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Key Features

Oversized lot
Dense retail corridor
Near major nationals
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

Bojangles Wikipedia Bojangles Wikipedia Lithonia, Georgia Zip Code 30038 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Bojangles
Guarantor:Franchisee
Company:Franchisee
# Units:1
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

Jordan Mulloy

Sands Investment Group

Contact

23 Listings
734 Views
0 Sold

Andrew Ackerman

Sands Investment Group

Contact

58 Listings
6438 Views
22 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Doug Roland

Sands Investment Group

Contact

15 Listings
899 Views
0 Sold

Will Schuhmacher

Sands Investment Group

Contact

25 Listings
1064 Views
0 Sold

Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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