This Retail Property is Off-Market.

7987 East Brainerd Rd
Chattanooga, TN 37421 ·

3,808 SF · Retail For Sale

N/A

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Bojangles

Price N/A Cap Rate 7.50%
Building Size 3,808 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.65 SF
Commission Split 1.5% Parking Ratio 13.40 / 1,000 SF
Listing ID: 17855031 Date Created: 10/01/2012 Last Updated: 08/19/2013

Description

3,808 SF building on 1.65 acres. Bojangles' is a 35 year old company with over 500 locations in 10 states, Washington D.C. and internationally in Honduras. 20 year absolute NNN lease with 10% rent bumps every 5 years in primary term and option periods. Average CAP Rate of 8.7% over the initial 20 year term.

Site is located 15 minutes east of downtown Chattanooga on a major traffic and commercial corridor. Just 2 miles off I-75 exit 3. 2010 population estimate over 90,000 in a 5 mile radius and average income of nearly $80,000 in a 1 mile radius

Highlights

  • Bojangles' is a 35 year old company with over 500 locations in 10 states, Washington D.C. and internationally in Honduras
  • 20 year absolute NNN lease with 10% rent bumps every 5 years in primary term and option periods
  • Average CAP Rate of 8.7% over the initial 20 year term
  • Site is located 15 minutes east of downtown Chattanooga on a major traffic and commercial corridor
  • 2010 population estimate over 90,000 in a 5 mile radius and average income of nearly $80,000 in a 1 mile radius
  • Successful and stable 8 unit franchisee; Financials available upon execution of C.A.

Research

7987 East Brainerd Rd, Chattanooga, TN 37421 (Hamilton County)

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