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Bojangles NNN Lease 630 Gallatin Pike S 3,886 SF Retail Building Madison, TN 37115 $2,896,304 ($745.32/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year NNN Lease corporately guaranteed by Bojangles’ Restaurants, Inc.
- New 2017 Construction | 3,886± SF building on 1.40± acres with 40 parking spaces
- Surrounded by National Retailers including CVS, Kroger, Walgreens, McDonald’s, and Madison Square Shopping Center
- 7.5% Rent Increases every 5 years, including options
- High-Visibility Hard Corner with signalized intersection | 27,860 VPD
- Prime Nashville MSA Location | 7 miles from Downtown in the growing Madison community
EXECUTIVE SUMMARY
The asset is secured by a 15-year corporately guaranteed NNN lease with 7.5% rental increases every 5 years and three 5-year renewal options, offering long-term, predictable income. Located just 7 miles northeast of downtown Nashville in the growing Madison community, the site benefits from a dense residential base, strong retail synergy, and excellent access via Briley Parkway and Old Hickory Boulevard, making it a prime investment in one of the Southeast’s most desirable markets.
This Bojangles was newly built in 2017 and consists of 3,886± SF and sits on a 1.4-acre hard-corner parcel. The property is located at a signalized intersection and has excellent visibility along Gallatin Pike, which sees over 27,800 vehicles per day. The property features ample parking (40 spaces) and strong surrounding national retailers, including CVS, Kroger, Walgreens, McDonald’s, and Madison Square Shopping Center.
This Bojangles was newly built in 2017 and consists of 3,886± SF and sits on a 1.4-acre hard-corner parcel. The property is located at a signalized intersection and has excellent visibility along Gallatin Pike, which sees over 27,800 vehicles per day. The property features ample parking (40 spaces) and strong surrounding national retailers, including CVS, Kroger, Walgreens, McDonald’s, and Madison Square Shopping Center.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,886 SF
Building Class
B
Year Built
2017
Price
$2,896,304
Price Per SF
$745.32
Cap Rate
6.25%
NOI
$181,019
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.40 AC
Zoning
GCR
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
138’ on GALLATIN PIKE
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 051-04-0-063 | Improvements Assessment | $791,520 |
| Land Assessment | $365,920 | Total Assessment | $1,157,440 |
PROPERTY TAXES
Parcel Number
051-04-0-063
Land Assessment
$365,920
Improvements Assessment
$791,520
Total Assessment
$1,157,440
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Bojangles NNN Lease | 630 Gallatin Pike S
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