Restaurant
Bojangles | New 15-Yr. Absolute NNN | 31-Yr. Operating History
1226 S Main St, Laurinburg, NC 28352
Listing Price: $3,167,000
Cap Rate
6.00%
Tenant Name
Bojangles
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
3,138
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.55
Investment Overview
Marcus & Millichap is pleased to present the Bojangles in Laurinburg, NC.
Bojangles | New 15-Yr. Absolute NNN | 31-Yr. Operating History
Investment Highlights
- 15-Year Absolute NNN Lease with 1.25% Annual Rental Increases
- Corporate Guaranty, 800+ Locations and Approximately $1.6 Billion in Annual Sales
- Full Scrape and Rebuild of Existing High-Performing Store, 31-Year Operating History at Location
- Brand New High-Quality Construction Featuring a Dedicated Drive-Thru
- Bojangles' has 2nd Highest Average Unit Sales in Chicken Fast-Food Segment
- Strategic Location, Serving Over 34,000 Residents in Scotland County
- Highly Visible Along Major Commercial Thoroughfare, Just Off I-74 with Direct Access to Charlotte and Wilmington
- Regional Retail Corridor Includes Walmart Supercenter, Lowe's, Food Lion, Belk, Tractor Supply, Big Lots, Hibbett Sports, and More
Restaurant
Bojangles | New 15-Yr. Absolute NNN | 31-Yr. Operating History
Listing Price: $3,167,000
Cap Rate
6.00%
Tenant Name
Bojangles
Years Remaining On Lease
14.5
Guarantor
Corporate Guarantee
Rentable SF
3,138
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.55
Investment Highlights
- 15-Year Absolute NNN Lease with 1.25% Annual Rental Increases
- Corporate Guaranty, 800+ Locations and Approximately $1.6 Billion in Annual Sales
- Full Scrape and Rebuild of Existing High-Performing Store, 31-Year Operating History at Location
- Brand New High-Quality Construction Featuring a Dedicated Drive-Thru
- Bojangles' has 2nd Highest Average Unit Sales in Chicken Fast-Food Segment
- Strategic Location, Serving Over 34,000 Residents in Scotland County
- Highly Visible Along Major Commercial Thoroughfare, Just Off I-74 with Direct Access to Charlotte and Wilmington
- Regional Retail Corridor Includes Walmart Supercenter, Lowe's, Food Lion, Belk, Tractor Supply, Big Lots, Hibbett Sports, and More
Investment Overview
Marcus & Millichap is pleased to present the Bojangles in Laurinburg, NC.
