Bojangles'

1826 Washington Road
Thomson, GA 30824

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.80

Price: $1,925,000

Cap Rate: 6.75%

Description:

  • Popular 38 year old regional brand with 650 locations in 11 states and growing
  • Parent company went public (Nasdaq: BOJA) in May 2015
  • 2011 construction on 1.8 acres just off Interstate 20 exit 172 with increasing sales annually
  • 15 year absolute NNN lease commencing at close of escrow with a 10 year personal guaranty
  • 7.5% rent bumps every 5 years of base lease term and options
  • Successful and profitable multi-unit franchisee operator opening new stores annually