Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2012
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the opportunity to acquire the fee simple interest in a Bojangles (the “Property”) in a dense retail pocket of Chattanooga, TN. The site sits on E. Brainerd Road with exposure to nearly 40,000 VPD. It’s in an affluent neighborhood and surrounded by national retailers and benefits greatly from the pro-business environment in tax-free Tennessee. The site is the #2 Bojangles by annual visits within a 15-mile radius (10 sites total, data according to Placer AI). Bojangles has more than 10 years remaining on an original 20-year lease and includes 10% rent bumps every five years on a corporate lease.

Investment Highlights

  • ​​​​​​​TOP SITE BY ANNUAL VISITS
  • CORPORATE LEASE TO E-COMMERCE RESISTANT TENANT
  • ​PRO-BUSINESS GROWTH STATE
  • ​AVERAGE HOUSEHOLD INCOME OF NEARLY $100,000
  • LOCATED IN A DENSE RETAIL CORRIDOR
  • 10% RENT BUMPS EVERY 5 YEARS
Last Updated Date: 25 Apr 2022

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Last Updated Date: 25 Apr 2022

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