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Bojangles // New 15 Year NNN 2951 Highway 78 E 2,820 SF Retail Building Jasper, AL 35501 $2,000,000 ($709.22/SF) 6.25% Cap Rate
Investment Highlights
- NEW 15-Year ABSOLUTE-NNN Lease
- 5 Mile Population: 21,165
- Neighboring Properties include a New Starbucks and Whataburger
- 28,000 Vehicles per day
- Excellent Demographic Area
Executive Summary
This ±2,820-square-foot Bojangles restaurant, located at 2951 Highway 78 E, Jasper, Alabama, is leased to Cedartown Chicken, LLC for a 15-year term. The lease is
ABSOLUTE (NNN), with zero landlord responsibilities. Five 5-year extension options are available, and rent rises 10% every five years (including extensions). The base rent for years 1–5 is $125,000 annually, equivalent to $10,416.67 monthly.
ABSOLUTE (NNN), with zero landlord responsibilities. Five 5-year extension options are available, and rent rises 10% every five years (including extensions). The base rent for years 1–5 is $125,000 annually, equivalent to $10,416.67 monthly.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,820 SF
Building Class
C
Year Built/Renovated
2019/2025
Price
$2,000,000
Price Per SF
$709.22
Cap Rate
6.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.90 AC
Zoning
B2 - Community Service/Business District
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
348’ on Viking Drive
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-01-11-1-102-012-0000 | Improvements Assessment | $281,320 |
| Land Assessment | $51,400 | Total Assessment | $332,720 |
Property Taxes
Parcel Number
17-01-11-1-102-012-0000
Land Assessment
$51,400
Improvements Assessment
$281,320
Total Assessment
$332,720
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Bojangles // New 15 Year NNN | 2951 Highway 78 E
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