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DOM: 123 Updated: 08.04.23 Posted: 04.20.23 Status: Sold     08.21.23

Summary

Price $2,100,000 $2,211,000
Built/Renov 2023
Tenant Bojangles (GL)
Cap Rate 5.00% 4.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,123
Lease Start 04-16-2023
#Units 791
Price/SF $672.43 $707.97
Expiration 04-15-2043
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 17.8
Ownership Ground Lease
Rent/SF $33.62
Increases 10.0%/5/yrs
Pop 5Mi 231,375
Lot/AC 1.08
Options 3/5yrs/10%
AHHI 5Mi $95,383

Highlights

  • New 2023 construction
  • Brand-new 20 year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at each option period
  • Absolute NNN ground lease with zero landlord responsibilities
  • Corporate guarantee by The Jordan Company

Location Description

This newly constructed Bojangles is strategically located immediately off State Highway 183 which sees 130,300 vehicles passing daily with over 31,700 vehicles passing per day at the corner of Euless Blvd and Main Street. Located within a dense retail corridor, nearby major national tenants include Starbucks, McDonald’s, KFC, Sonic Drive-In, Jack in the Box, Waffle House, The Home Depot, ALDI,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Bojangles (GL)
  • Guarantor:Corporate
  • Company:The Jordan Company
  • # Units:791
  • Stock:Private

About Tenant

Bojangles OpCo, LLC., doing business as Bojangles, is an American regional chain of fast food restaurants that specializes in cajun-seasoned, fried chicken and buttermilk biscuits created from...


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