Bojangles', Lithonia (Atlanta MSA)

2695 Panola Road
Lithonia, Georgia 30058

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,808

Acreage: 1.808

Price: $2,420,000

Cap Rate: 6.50%

Description:

  • Bojangles’ is a popular 37 year old southeast brand with over 600 locations in 10 states, D.C., and internationally
  • 20 year NNN lease with 10% rent bumps every 5 years and 4 renewal options of 5 years each
  • Densely populated metro Atlanta area with approximately 163,000 residents in a 5 mile radius
  • Signalized intersection with quick access to Interstate 20, the main E-W highway in Georgia
  • Strong traffic counts with about 36,000 cars passing by the property daily
    DeKalb County is Georgia’s third largest county with more than 700,000 residents
  • DeKalb is home to the states second busiest airport (DeKalb Peachtree), Center for Disease Control, American Cancer Society, and Emory University