RealtyLink Development

Bojangles' (Atlanta MSA) (In Contract)

102 West Perennial Drive
Temple, GA 30179

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.05

Price: $2,470,000

Cap Rate: 6.50%

Description:

  • 20 year absolute triple net lease commenced May 2017
  • 10% rent bumps every 5 years including 4 option periods
  • 40 year old restaurant brand with over 750 locations in 12 Southeast and mid-Atlantic states
  • Publicly traded company (Nasdaq: BOJA) with 25 consecutive quarters of comparable store sales growth
  • High net worth personal lease guaranty from the franchisee owner
  • New construction ideally positioned at the market’s primary signalized intersection
  • Directly across from the market’s dominant grocery anchored shopping center
  • Atlanta suburb 39 miles west of downtown along the I-20 corridor
  • 19,000 cars per day on Hwy 113 at the I-20 interchange
  • 55% population increase since 2000 in a 5 mile radius
  • Average household income of $60,000 in a 5 mile radius