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Bojangles' Net Lease Investment | 5.9% Cap Rate

5165 Sunset Blvd
Lexington, SC 29072
PRICE : $3,095,000
CAP RATE: 5.9%
PROPERTY TYPE: Retail
SITE SIZE: 1.18 Acres
BUILDING SIZE: 3,808 SF
YEAR BUILT: 2013

Highlights

  • Outstanding corporate guarantee with publicly traded credit tenant
  • Busy commercial corridor with traffic counts over 36,000 vehicles per day
  • Three-mile population over 30,000 and average household income of $96,486
  • NNN lease through May 2028 with three 5-year options
  • Income increases annually with 1.5% rent increases throughout entire term
  • No landlord responsibilities
  • Nearby retail includes Target, Best Buy, ALDI, Starbucks, Five Guys, Lowe's, The Home Depot and more

Description

This is an exciting opportunity to acquire a corporate guaranteed NNN Bojangles’ investment property within minutes of South Carolina’s most populated city of Columbia.

With more than 760 locations up and down the east coast, Bojangles’ (NASDAQ: BOJA) is one of the strongest and most rapidly expanding fast food chicken concepts in the country.

Built in 2013 and situated on ±1.18 acres, this Bojangles’ sits on a major commercial corridor (36,000 VPD) with other national retailers and tenants such as Target, Best Buy, ALDI, Starbucks, Five Guys, Lowe's, The Home Depot and many others.

The investment property has an initial term that runs through May of 2028 followed by three 5-year option periods. The attractive 1.5% annual rent increases provide great income escalation and help hedge against inflation.

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