Properties

Bojangles', Smyrna, TN

1590 Lee Victory Parkway (TN Hwy 102)
Smyrna, Tennessee 37167

PROPERTY SOLD

Property: Investment Sales

Square Footage: 3,809

Acreage: 1.20

Price: $2,620,500

Cap Rate: 7.50%

Description:

• Located about 20 miles SE of Nashville just off I-24 adjacent to a Publix anchored center
• Brand new 3,800 SF quick serve restaurant with drive-thru completed in December 2013
• 20 year NNN franchisee lease with rent bumps that commenced in January 2014
• Transaction closed escrow in September 2014 for approximately $2.6 million
• Financed buyer was a private investment group out of New York City