
Bojangles' (Nashville MSA)
514 Highway 76
White House, TN 37188
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 3,808
Acreage: +/- 1.0
Price: $2,425,000
Cap Rate: 6.25%
Anchor Tenants: Kroger (Shadow)
Description:
- 15 year absolute NNN lease commenced March 2015 with 7% rent bumps every 5 years and 3 renewal options (8 year limited guaranty)
- Regional fast-casual restaurant brand founded in 1977 with over 680 locations in 12 Southeast and mid-Atlantic states
- Publicly traded company (Nasdaq: BOJA) with 24 consecutive quarters of system-wide comparable store sales growth
- Located 25 miles north of Nashville (state capitol) along the I-65 corridor (exit 108)
- Subject property operated by one of the biggest franchisees (45 units) in the system and only franchisee to operate in 5 states (named 2014/2015 Developer of the Year)
- Outparcel to a newly renovated Kroger center and close proximity to the Super Walmart
- Population over 81,000 and average household income over $76,000 in a 10 mile radius
- Daily traffic counts of +/- 17,500 cars on Hwy 76 and +/- 60,500 cars on I-65


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile