Bojangles' (Asheville MSA)
700 Upward Road
Hendersonville, NC 28731
PROPERTY SOLD
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)


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