RealtyLink Development

Bojangles' (Atlanta MSA East)

3150 Turner Hill Road
Lithonia, GA 30038

Property: Investment Sales

Square Footage: +/- 2.025

Acreage: +/- 3,962

Price: $3,231,000

Cap Rate: 6.50%

Description:

  • 20 year absolute triple net lease that commenced in November 2017
  • 10% rent bumps every 5 years with 4 renewal options of 5 years each
  • Larger than prototypical store footprint at 3,962 SF built on 2+ acres in Summer 2017
  • Projected high sales volume location 19 miles east of downtown Atlanta along the I-20 corridor (132,000 AADT at exit 75)
  • Positioned next to The Mall at Stonecrest, a 1.2 million SF super regional shopping and entertainment center (future 341,000 SF expansion) at the heart of an 1,100 acre master planned community
  • Stonecrest is the future home of Atlanta Sports City, a 200 acre $350 million project expected to draw 3+ million visitors annually with a scheduled completion in 2020 (click HERE for more info)
  • 20 mile radius trade area population of 2.1 million (9.75% growth since 2010) with 6.5% projected growth by 2022 (2017 data)
  • Average household income of $75,000 within the trade area (2017 data)
  • Dekalb County is the fourth most populous in the state with 735,000 residents who speak 140 different languages (2016 data)