$2,470,000 6.50% cap rate 3,808 square feet 1.05 acres
TRANSCRIPT
Investment Highlights:• 20 year absolute triple net lease commenced May 2017• 10% rent bumps every 5 years including 4 option
periods• 40 year old restaurant brand with over 750 locations in
12 Southeast and mid-Atlantic states• Publicly traded company (Nasdaq: BOJA) with 25
consecutive quarters of comparable store sales growth• High net worth personal lease guaranty from the
franchisee owner
• New construction ideally positioned at the market’s primary signalized intersection
• Directly across from the market’s dominant grocery anchored shopping center
• Atlanta suburb 39 miles west of downtown along the I-20 corridor
• 19,000 cars per day on Hwy 113 at the I-20 interchange• 55% population increase since 2000 in a 5 mile radius• Average household income of $60,000 in a 5 mile
radius
$2,470,0006.50% Cap Rate 3,808 Square Feet
1.05 Acres102 W. Perennial Drive,
Temple, GA 30179
Subject Property
2016 Demographics: 5 Mile RadiusPopulation - 22,059
Median Household Income - $49,991
Average Household Income - $60,220
Tenant Profile: Founded in 1977 by Jack Fulk and Richard Thomas, Bojangles’ Famous Chicken ‘n Biscuits is a regional chain of quick service restaurants specializing in spicy, “Cajun” fried chicken and buttermilk biscuits. Based in Charlotte, North Carolina, Bojangles’ grew rapidly from its inception and currently has over 750 restaurants. They open a new restaurant on average every ten days. Currently Bojangles’ has restaurants in North Carolina, South Carolina, Georgia, Tennessee, Florida, Alabama, Mississippi, Virginia, Maryland, Pennsylvania and DC. They’re also located internationally with three restaurants in Honduras.
Bovilla, LLC is a multi-unit Bojangles franchisee based in Amarillo, Texas with a second office in Stone Mountain, Georgia. Founded in 2012 by John Broadfoot, Jr., Bovilla currently operates two Bojangles restaurants in the metro Atlanta region with plans to develop three more over the next eighteen months. Mr. Broadfoot is a successful entrepreneur with strong family ties to the restaurant industry.
www.REALTYLINKDEV.com
For property information:J. Tyson Glasser, CCIM • Investment Sales Director
[email protected] • 864.263.5427 o • 404.435.6312 c