Bojangles' Net Lease Investment Opportunity | 5.7% Cap Rate | Cedartown, GA
135 North Main Street
Cedartown, GA 30125
Share:
| PRICE : | $3,130,435 |
|---|---|
| CAP RATE: | 5.7% |
| PROPERTY TYPE: | Retail |
| SITE SIZE: | 1.06 Acres |
| BUILDING SIZE: | 3,200 SF |
| YEAR BUILT: | 2017 |
Highlights
- • High-performing, freestanding, NNN leased Bojangles restaurant
- • Available at a 5.7% cap rate or for $3,130,435
- • 6 year lease term remaining with four 5-year renewal options
- • 7.7% base rent escalations every 5 years through initial term and renewal periods
- • Leases guaranteed by Cedartown Chicken, LLC, a privately held company dedicated to the acquisition and development of franchised restaurants. They have seven Bojangles restaurants in the Western Georgia market and have signed an agreement with Bojangles to develop 11 new restaurants in the area.
Description
Bull Realty is pleased to present the opportunity to acquire a high-performing Bojangles STNL located in Cedartown, GA. It is operated by one of the largest Bojangles franchisees in the country and has a NNN leases.
The lease term remaining is 6 years with four 5-year renewal options. The lease includes a base rent escalation of 7.7% every 5 years through the initial term and subsequent renewal terms. The Landlord responsibilities are limited to roof and structure.
These properties is available at a 5.7% cap rate.
