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Bojangles' 6547 Highway 11 E 4,194 SF Retail Building Piney Flats, TN 37686 $2,358,000 ($562.23/SF) 6% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities | Desirable lease term | 13 years remaining
- Corporate lease | Bojangles OpCo, LLC | 884 locations across the U.S.
- Affluent surrounding area | $127,836 average household income within a 1-mile radius
- Tenant recently extended the lease by 10 years | Showing strong commitment to this location
- Great visibility & access from Bristol Hwy | 26,713 VPD
- Long operating history | Leased since 2014
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to preset for sale Bojangles in Piney Flats, TN. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,194 SF
Building Class
B
Year Built
2014
Price
$2,358,000
Price Per SF
$562.23
Cap Rate
6%
NOI
$141,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.37 AC
Zoning
Commercial
Parking
53 Spaces (12.64 Spaces per 1,000 SF Leased)
Frontage
191’ on Highway 11 E
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 124-040.02 | Improvements Assessment | $310,480 |
| Land Assessment | $76,760 | Total Assessment | $387,240 |
Property Taxes
Parcel Number
124-040.02
Land Assessment
$76,760
Improvements Assessment
$310,480
Total Assessment
$387,240
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Bojangles' | 6547 Highway 11 E
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