Bojangles’ (Asheville MSA)

Bojangles' (Asheville MSA)

700 Upward Road
Hendersonville, NC 28731

Property: Investment Sales

Square Footage: +/- 3,808

Acreage: +/- 1.32

Price: $2,999,000

Cap Rate: 6.0%

Description:

Popular 38 year old regional brand with more than 650 locations in 11 states and growing
15 year absolute NNN lease commenced January 2015 with 7% rent bumps every 5 years
Top performing and award winning franchisee with 42 units in 5 states and growing
Class A construction at a busy signalized intersection in front of a future Holiday Inn Express
Traffic counts in excess of 21,000 cars per day in front of property and 57,000 on I-26
Population over 45,000 with average household income over $55,000 in a 5 mile radius
Popular interstate exit location about 25 miles south of Asheville and Biltmore Estates
Gateway from SC to Great Smoky Mountains National Park, the most visited national park with 10+ million annual visits (Grand Canyon is second with 4.7+ million)