Properties

Bojangles', Clarksville

1836 Tiny Town Road
Clarksville, TN 37042

PROPERTY SOLD

Property: For Sale, Investment Sales

Square Footage: 3,808

Acreage: .99

Price: $2,032,000

Cap Rate: 6.75%

Description:

(In Contract)

• Bojangles’ is a popular 37 year old southeast company with over 600 locations in 10 states, D.C., and internationally
• 15 year NNN lease with 7% rent bumps every 5 years and three 5 year options (commenced 5/23/14)
• Strong 35 unit growing operator founded in 2001 with locations in TN, NC, SC, and GA
• Next to a 16 screen Great Escape Theatre with quick access to I-24 about 45 miles northwest of Nashville and less than 1 mile from Northeast High School (900+ students)
• Over 24,000 cars on Tiny Town Road in front of property, 28,000+ on Trenton Road and 42,000+ on I-24
• Clarksville was voted 5th fastest growing city and 2nd fastest growind MSA in the nation (US Census Bureau, July 2013)
• Fort Campbell, located just north of Clarksville on the TN-KY border, is a 106,700 acre military installation built in 1941 with over 45,000 enlisted personnel and home to the only air assault in the world (101st Airborne)