Properties

Bojangles'

246 Indian Lake Boulevard
Hendersonville, TN 37075

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,924

Acreage: +/- 1.05

Price: $2,900,800

Cap Rate: 6.0%

Description:

• Popular 38 year old regional brand with 650 locations in 11 states and growing
• 20 year NNN lease (12/28/13) with 10% rent bumps every 5 years and a strong guaranty
• High end all brick building at a signalized intersection on the primary retail corridor with 28,506 cars per day
• 18 miles northeast of downtown Nashville off heavily traveled Vietnam Veterans Blvd with 52,350 cars per day
• ¼ mile from Streets of Indian Lake, a brand new 254,000 SF lifestyle center anchored by Barnes & Noble, Regal Cinemas and a variety of upscale shops
• 2 miles from Bluegrass Yacht & Country Club, a world class golf, tennis, swimming, dining and marina facility
• Population of 72,000 and average household income of $85,000 in a 5 mile radius