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Views: 112 DOM: 95 Updated: 11.01.24 Posted: 09.17.24 Status: Active

Summary

Price $3,205,714
Built/Renov 2017
Tenant Bojangles
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,962
Lease Start 11-05-2017
#Units 1
Price/SF $809.12
Expiration 11-30-2037
Tenant Type Fast Food/QSR
NOI $224,400
R. Term 12.11
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 every 5 years 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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Maps

  • 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

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