RealtyLink Development

Bojangles' (Bowling Green)

133 Three Springs Road
Bowling Green, KY 42104

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.0

Price: $2,472,500

Cap Rate: 6.60%

Description:

  • 40 year old restaurant brand with over 700 locations in 12 Southeast and mid-Atlantic states
  • Publicly traded company (Nasdaq: BOJA) with 25 consecutive quarters of comparable store sales growth
  • Long term absolute NNN lease with 7% rent bumps every 5 years and three 5 year renewal options
  • Business is owned by one of the largest (50+ units) and most successful franchisees in the chain and only one to operate in 5 states
  • 2016 construction at a high profile signalized intersection just off I-65 exit 22
  • Positioned on the market’s primary retail and traffic corridor (+/- 35,000 VPD)
  • Located about 4 miles from downtown Bowling Green and Western Kentucky University, the state’s 2nd largest college with +/- 21,000 students and +/- 2,200 staff
  • Population over 83,000 in a 5 mile radius (9.25% growth since 2010) with 7.25% projected growth over the next 5 years
  • Average household income of $71,800 in a 3 mile radius with projected growth of 11% over the next 5 years
  • Bowling Green is the 3rd largest city in Kentucky with perfect regional location between Nashville, TN (60 miles South) and Louisville, KY (120 miles North)

Bojangles' (Bowling Green)

Downloads

Demographics         

Site Plan         

Aerials         

Investment Package         

Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile