Restaurant
Bojangles | Immediately off Interstate Interchange | Charlotte MSA | Limited Competition
130 Malcolm Blvd, Connelly Springs, NC 28612
Listing Price: $2,600,000
Investment Overview
The Tenant, Bojangles’ Restaurants, Inc., has nine years remaining on its original 15-year NNN lease. Developed as a build to suit, this corporate lease features 7.50 percent increases every five years during the base term and in each of the three option periods. The next rent increase is scheduled to occur in 2028 and will boost a buyer’s cap rate to 6.40 percent.
Bojangles | Immediately off Interstate Interchange | Charlotte MSA | Limited Competition
Investment Highlights
- Strong Placer.ai Ranking; 80th Percentile of Bojangles' Chainwide
- Limited Competition in an Underserved Market
- Proximate to Daytime Drivers; Population of over 68,000 People within a 15-Minute Drive Time
Exclusively Listed By
Financing By
Restaurant
Bojangles | Immediately off Interstate Interchange | Charlotte MSA | Limited Competition
Listing Price: $2,600,000
Investment Highlights
- Strong Placer.ai Ranking; 80th Percentile of Bojangles' Chainwide
- Limited Competition in an Underserved Market
- Proximate to Daytime Drivers; Population of over 68,000 People within a 15-Minute Drive Time
Investment Overview
The Tenant, Bojangles’ Restaurants, Inc., has nine years remaining on its original 15-year NNN lease. Developed as a build to suit, this corporate lease features 7.50 percent increases every five years during the base term and in each of the three option periods. The next rent increase is scheduled to occur in 2028 and will boost a buyer’s cap rate to 6.40 percent.
Exclusively Listed By
Financing By
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