Properties

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