Restaurant
Bojangles'
1101 W Sugar Creek Rd, Charlotte, NC 28213
Listing Price: $2,566,000
Cap Rate
4.50%
Tenant Name
Bojangles'
Years Remaining On Lease
5.5
Gross SF
3,150
Guarantor
Corporate Guarantee
Rentable SF
3,150
Price/Gross SF
$814.60
Lease Type
Absolute Net
Rent Per Square Feet
$36.66
Investment Overview
Bojangles’ occupies the property on an Absolute Triple Net (NNN) lease which commenced in May 1989 and is set to expire in December 2027. The lease features three five-year options to renew with an eight percent rent increase in 2025 and in every option.
Exclusively Listed By
Broker of Record
Listing Price: $2,566,000
Cap Rate
4.50%
Tenant Name
Bojangles'
Years Remaining On Lease
5.5
Gross SF
3,150
Guarantor
Corporate Guarantee
Rentable SF
3,150
Price/Gross SF
$814.60
Lease Type
Absolute Net
Rent Per Square Feet
$36.66
Investment Highlights
- 5.5 Years Remaining on Absolute Triple Net (NNN) Lease
- Corporate Guarantee from Bojangles' Restaurant, Inc.
- Long Term Tenancy and Strong Sales
Investment Overview
Bojangles’ occupies the property on an Absolute Triple Net (NNN) lease which commenced in May 1989 and is set to expire in December 2027. The lease features three five-year options to renew with an eight percent rent increase in 2025 and in every option.
Exclusively Listed By
Broker of Record
