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Bojangles' Net Lease Investment Opportunity | 5.8% Cap Rate | Adairsville, GA

6343 Joe Frank Harris Parkway
Adairsville, GA 30103
PRICE : $1,655,000
CAP RATE: 5.8%
PROPERTY TYPE: Retail
SITE SIZE: 0.30 Acres
BUILDING SIZE: 1,254 SF
YEAR BUILT: 2017

Highlights

  • High-performing, freestanding, NNN leased Bojangles restaurant
  • Available at a 5.8% cap rate or for $1,655,000
  • 9.0 initial base 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 Adairsville, GA. It is operated by one of the largest Bojangles franchisees in the country and has a NNN lease.

The lease term remaining is 9.0 years with an option to extended the initial term to January 2038 and four subsequent 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. Landlord responsibilities are limited to roof and structure.

The property is available at a 5.8% cap rate.




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