
Bojangles' (Atlanta MSA)
102 West Perennial Drive
Temple, GA 30179
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 3,808
Acreage: +/- 1.05
Price: $2,470,000
Cap Rate: 6.50%
Description:
- 20 year absolute triple net lease commenced May 2017
- 10% rent bumps every 5 years including 4 option periods
- 40 year old restaurant brand with over 750 locations in 12 Southeast and mid-Atlantic states
- Publicly traded company (Nasdaq: BOJA) with 25 consecutive quarters of comparable store sales growth
- High net worth personal lease guaranty from the franchisee owner
- New construction ideally positioned at the market’s primary signalized intersection
- Directly across from the market’s dominant grocery anchored shopping center
- Atlanta suburb 39 miles west of downtown along the I-20 corridor
- 19,000 cars per day on Hwy 113 at the I-20 interchange
- 55% population increase since 2000 in a 5 mile radius
- Average household income of $60,000 in a 5 mile radius


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