Bojangles', Asheville, NC
320 Airport Road
Arden, NC 28704
PROPERTY SOLD
Property: Investment Sales
Square Footage: 3,800
Price: $2,180,000
Cap Rate: Call
Description:
- Located about 1 mile from the regional airport, 15 miles from the CBD and 10 miles from popular Biltmore Estate
- 3,816 square foot restaurant with drive-thru on about 0.92 acres positioned between Walmart, Target and Lowe’s
- 20 year NNN franchisee lease that commenced in December 2012 with 10% rent bumps every 5 years
- The leveraged transaction closed escrow in May 2013 for approximately $2.18 million with a 62% loan
- The buyer was an experienced high net worth NNN investor out of southern California


Downloads
Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile