Properties

Bojangles, Villa Rica, GA

750 GA Highway 61
Villa Rica, GA 30180

PROPERTY SOLD

Property: Investment Sales

Price: $1,577,000

Cap Rate: Call

Description:

• Villa Rica is just outside Atlanta along the I-20 west corridor towards Birmingham
• Site is on the main north-south corridor near Super Wal-Mart and Home Depot
• Property consists of a 3,808 square foot restaurant with drive-thru on 0.98 acres
• Franchisee commenced a 20 year absolute net lease with rent bumps in July 2012
• Transaction closed escrow in July 2012 for approximately $1.577 million
• Buyer was a private family trust out Texas completing a 1031 exchange