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Bojangles' Net Lease Investment Portfolio Opportunity | 5.7% Cap Rate | Atlanta MSA

Bojangles Portfolio Atlanta MSA
PRICE : $8,869,565
CAP RATE: 5.7%
PROPERTY TYPE: Retail
BUILDING SIZE: 11,286 SF

Highlights

  • Four high-performing, freestanding, NNN leased Bojangles restaurants
  • Available as a portfolio or individually at a 5.7% cap rate
  • Average of 7.5 years 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 7 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 portfolio of four, high-performing, Georgia Bojangles restaurants in Adairsville, Cedartown, Hiram, and Rockmart. Operated by one of the largest Bojangles franchisees in the country and they all have NNN leases.

The average lease term remaining is over 7.5 years remaining with four 5-year renewal options. All leases include 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.

These properties are available either individually or as a portfolio at a 5.7% cap rate.

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