Sales Summary


Sales Price:
$2,925,000
Cap Rate:
5.70

Investment Highlights


• Fifteen (15) YR initial Lease term with 7.5% increases every 5 YRS
• Bojangles’ has Three (3) Five (5) YR options at 7.5% increases each
• NNN Lease is corporately guaranteed by Bojangles’ Restaurants, Inc. (NASDAQ:BOJA)
• Bojangles’ has over 730 locations in 12 states
• Long term growth plan to have 1,000 stores by 2020 • High Traffic Count: 27,860 VPD (2016, station 28)
• Located on hard corner with traffic signal
• Nashville MSA is highly desirable investment market
• Neely’s Bend Road to be extended and connected to Madison Street behind the site

Property Summary


Property Type:
Investment 
Construction:
Brand New 2017 Construction
Year Built:
2017

Property Highlights


Site: This Bojangles’ Restaurant is located approximately 7 miles northeast of downtown Nashville in a bedroom community called Madison. Situated on the west side (AM) of Gallatin Pike between Briley Parkway and Old Hickory Blvd, the subject benefits from a very high traffic count. Surrounding retailers include NAPA, CVS, Midas, Taco Bell, Save-A-Lot, Pizza Hut, Family Dollar, Aarons, McDonalds, Arby’s Dollar General, Hardees’, Walgreens, Kroger and the Madison Square Shopping Center.

Nashville: Nashville MSA is the largest metropolitan area in the state of TN with just over 1.8 million people. Fourteen counties make up the MSA and Madison is a fast growing bedroom community located 7 miles northeast of downtown Nashville.