Historical Retail Sale Listing - Bojangles

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Bojangles

7987 East Brainerd Rd, Chattanooga, TN 37421

N/A

3,808 SF | Retail

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Retail Property - Off Market

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

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.

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

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

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Created 10/1/2012