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Bojangles
130 Malcolm Boulevard, Connelly Springs, NC 28612
$2,692,333
Cap Rate 6.00%
Summary
| Price $2,692,333 | Built/Renov 2018 | Tenant Bojangles |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,886
| Lease Start
02-05-2018
| #Units
816
|
| Price/SF $692.83 | Expiration
02-28-2033
| Tenant Type Fast Food/QSR |
| NOI $161,540 | R. Term 9.2 | Ownership Fee Simple |
| Rent/SF
$41.57
| Increases 7.5%/5/yrs | Pop 5Mi 21,946 |
| Lot/AC 1.49 | Options 3/5yrs/7.5% | AHHI 5Mi $72,302 |
| | |
Lease Highlights
- Bojangles has over 9 years remaining on the current lease term with 3 (5-year) options to extend
- Lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by The Jordan Company
Location Description
Bojangles is strategically located at the hard corner intersection of Malcom Boulevard and Alpine Street with access to 15,000 vehicles per day. The site benefits from its close proximity to Interstate 40 (45,000 VPD) which is populated by several industrial tenants. Neighboring national/credit tenants include CVS Pharmacy, Dollar General, Subway, JD’s Smokehouse, Ford & Hyundai. Furthermore,...
...Features
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Hard corner intersection
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Near major nationals
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Strategically located
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Hospital close
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Strong tenant synergy
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Highway close
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Top 100 MSA
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Absolute NNN
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Corporate Guarantee
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Over 500 units backed
...
Maps
Tenant
- Tenant: Bojangles
- Guarantor:Corporate
- Company:The Jordan Company
- # Units:816
- Stock:Private
About Tenant
Bojangles Op Co, LLC, doing business as Bojangles, is an American regional chain that owns and operates specialty chicken restaurants. Their menu features their chicken family meals, chicken...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,388 | 9,416 | 21,468 |
| 2023 Total Population : | 1,415 | 9,601 | 21,877 |
| 2023 Employed Civilian Pop : | 628 | 4,353 | 10,324 |
| 2023 Total Businesses : | 86 | 295 | 493 |
| 2023 Average Household Income : | $ 78,737 | $ 83,636 | $ 80,285 |
| 2023 Total Consumer Spending : | $ 37 M | $ 300 M | $ 645 M |
| 2023 Median Age : | 50 | 47 | 46 |
| 2023 Total Households : | 540 | 4,031 | 9,060 |
| 2023 Pop Age 25+: Bachelor's Degree : | 215 | 1,060 | 2,295 |
| 2023 Average Home Value : | $ 212,000 | $ 212,697 | $ 208,498 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Perkins Rd SE | 2021 | 2,800 | 0.15 mi | |
| Perkins Road Southeast | Malcolm Blvd | 2021 | 700 | 0.16 mi |
| Malcolm Boulevard | Perkins Rd SE | 2021 | 14,500 | 0.18 mi |
| Malcolm Boulevard | Hwy 70 | 2019 | 15,000 | 0.20 mi |
| Malcolm Blvd | 2021 | 2,800 | 0.22 mi | |
| Main Street East | Ridge St | 2018 | 6,000 | 0.27 mi |
| US 70 | Ridge St | 2020 | 6,200 | 0.27 mi |
| I- 40 | 2021 | 4,100 | 0.27 mi | |
| US Hwy 70 | Malcolm Blvd | 2003 | 730 | 0.28 mi |
| US 70 | Mountain Vw | 2020 | 8,000 | 0.32 mi |
