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Restaurant

Bojangles

107 Beechnut Ln, Statesville, NC 28625

Listing Price: $3,239,000

Cap Rate
4.50%
Tenant Name
Bojangles
Years Remaining On Lease
13.3
Gross SF
2,995
Guarantor
Corporate Guarantee
Rentable SF
2,995
Price/Gross SF
$1,081.47
Lease Type
Absolute Net
Rent Per Square Feet
$48.66

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Newly developed Bojangles (2020) - Latest store prototype with contactless drive-thru - Attractive interstate location - ±50,000 VPD along I-40 - Strategically located on the last parcel before I-40 entrance ramp - Flat topography with quality visibility - Strong daily traffic counts of ±21,000 VPD along Taylorsville Road OPTIMAL LEASE STRUCTURE - Attractive 15-year base term with 13.5+ years left - Three (3), 5-year renewal options - 7.5% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Rare corporate Bojangles lease DOMINANT BRAND - Established QSR founded in 1977 - HQ in Charlotte, NC - 760+ locations across the US - System-wide sale of $1.37+ B in 2020 - Extremely strong brand following in the Southeast - The Jordan Company and Durational Capital Management purchased Bojangles in 2019 for $16.10 per share, representing a 39% premium CHARLOTTE, NC MSA ADVANTAGE - Total population of 2.6+ MM - 2nd largest financial center in US - #7 Best Places for Business and Careers (Forbes, 2019) - #26 Nation’s Best-Performing Large Metros (Milken Institute, 2020) - Home of 8 Fortune 500 companies - Top industries: banking, financial services, manufacturing, energy, automotive, health

Investment Highlights

  • - Newly developed Bojangles (2020)
  • - Latest store prototype with contactless drive-thru
  • - ±50,000 VPD along I-40

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $3,239,000

Cap Rate
4.50%
Tenant Name
Bojangles
Years Remaining On Lease
13.3
Gross SF
2,995
Guarantor
Corporate Guarantee
Rentable SF
2,995
Price/Gross SF
$1,081.47
Lease Type
Absolute Net
Rent Per Square Feet
$48.66

Investment Highlights

  • - Newly developed Bojangles (2020)
  • - Latest store prototype with contactless drive-thru
  • - ±50,000 VPD along I-40

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Newly developed Bojangles (2020) - Latest store prototype with contactless drive-thru - Attractive interstate location - ±50,000 VPD along I-40 - Strategically located on the last parcel before I-40 entrance ramp - Flat topography with quality visibility - Strong daily traffic counts of ±21,000 VPD along Taylorsville Road OPTIMAL LEASE STRUCTURE - Attractive 15-year base term with 13.5+ years left - Three (3), 5-year renewal options - 7.5% rent escalations every 5 years throughout entire lease - Triple Net (NNN) lease with no landlord responsibilities - Rare corporate Bojangles lease DOMINANT BRAND - Established QSR founded in 1977 - HQ in Charlotte, NC - 760+ locations across the US - System-wide sale of $1.37+ B in 2020 - Extremely strong brand following in the Southeast - The Jordan Company and Durational Capital Management purchased Bojangles in 2019 for $16.10 per share, representing a 39% premium CHARLOTTE, NC MSA ADVANTAGE - Total population of 2.6+ MM - 2nd largest financial center in US - #7 Best Places for Business and Careers (Forbes, 2019) - #26 Nation’s Best-Performing Large Metros (Milken Institute, 2020) - Home of 8 Fortune 500 companies - Top industries: banking, financial services, manufacturing, energy, automotive, health

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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