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Bojangles' 133 Three Springs Rd 3,808 SF Retail Building Bowling Green, KY 42104 $2,495,000 ($655.20/SF) 7% Cap Rate
Executive Summary
Boutique National is proud to offer this absolute net leased Bojangle’s in Bowling Green, KY.
7% Cap Rate
Property is currently subleased to Parlor Doughnuts
Long term absolute net lease with 7% rent bumps every 5 years and Three 5 year renewal options
Lease expires July 31, 2032
Current NOI $174,610
Aug 2027 rent of increases to $186,833.39
Largest and most successful franchisee in the chain
2016 construction at a high profile signalized intersection just off I-65 exit 22
7% Cap Rate
Property is currently subleased to Parlor Doughnuts
Long term absolute net lease with 7% rent bumps every 5 years and Three 5 year renewal options
Lease expires July 31, 2032
Current NOI $174,610
Aug 2027 rent of increases to $186,833.39
Largest and most successful franchisee in the chain
2016 construction at a high profile signalized intersection just off I-65 exit 22
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,808 SF
Building Class
C
Year Built
2016
Price
$2,495,000
Price Per SF
$655.20
Cap Rate
7%
NOI
$174,611
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.00 AC
Zoning
Hwy Commercial - Highway Business
Frontage
100’ on Three Springs Road
Amenities
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 053A-02-002B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,382,300 |
Property Taxes
Parcel Number
053A-02-002B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,382,300
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Bojangles' | 133 Three Springs Rd
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