Bojangles' NNN Property For Sale
Bojangles' properties are highly sought-after net lease investments, offering stable income and minimal landlord responsibilities. As a publicly traded company, Bojangles' demonstrates consistent sales growth, making its properties a unique and desirable asset in the fast-food sector. Their restaurants, typically 3500-3800 square feet on 0.8 to 1.5 acres, feature a modern design with drive-thru service and ample parking. The brand is known for its "Chicken 'n Biscuits" concept, serving fresh, never-frozen chicken and biscuits baked from scratch. Bojangles' is actively expanding, with a strong presence in the Southeastern U.S. and plans for continued growth into new markets. These build-to-suit properties represent a strong investment opportunity with attractive lease terms.
- Asking price $2.38M
- 5.67% cap rate
- NOI $125,000
- 15 years remaining
- NNN lease
- Year built: 2015
- Building size: 3,650 SF
- Lot size: 1.00 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Asset type: QSR