$2,999,000 6.0% Cap Rate +/- 3,808 Square Feet +/- 1.32 Acres · Asheville and Biltmore Estates •...
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Investment Highlights: • Popular 38 year old regional brand with more than 650 locations in 11 states and growing • 15 year absolute NNN lease commenced January 2015 with 7% rent bumps every 5 years • Top performing and award winning franchisee with 42 units in 5 states and growing • Class A construction at a busy signalized intersection in front of a future Holiday Inn Express • Traffic counts in excess of 21,000 cars per day in front of property and 57,000 on I-26 • Population over 45,000 with average household income over $55,000 in a 5 mile radius • Popular interstate exit location about 25 miles south of Asheville and Biltmore Estates • Gateway from SC to Great Smoky Mountains National Park, the most visited national park with 10+ million annual visits (Grand Canyon is second with 4.7+ million) $2,999,000 6.0% Cap Rate +/- 3,808 Square Feet +/- 1.32 Acres 700 Upward Road Hendersonville, NC 28731
Transcript of $2,999,000 6.0% Cap Rate +/- 3,808 Square Feet +/- 1.32 Acres · Asheville and Biltmore Estates •...
Investment Highlights:• Popular 38 year old regional brand with more than 650
locations in 11 states and growing• 15 year absolute NNN lease commenced January 2015
with 7% rent bumps every 5 years• Top performing and award winning franchisee with 42
units in 5 states and growing• Class A construction at a busy signalized intersection in
front of a future Holiday Inn Express
• Traffic counts in excess of 21,000 cars per day in front of property and 57,000 on I-26
• Population over 45,000 with average household income over $55,000 in a 5 mile radius
• Popular interstate exit location about 25 miles south of Asheville and Biltmore Estates
• Gateway from SC to Great Smoky Mountains National Park, the most visited national park with 10+ million annual visits (Grand Canyon is second with 4.7+ million)
$2,999,000
6.0% Cap Rate +/- 3,808 Square Feet
+/- 1.32 Acres700 Upward Road
Hendersonville, NC 28731
2015 Demographics: 5 Mile RadiusPopulation - 45,826Median Household Income - $40,991Average Household Income - $55,262
Tenant Profile: BOJ of WNC, LLCBOJ of WNC, LLC is a franchisee of Bojangles’. They own and operate 42 locations in Western North Carolina, Upstate South Carolina, Tennessee, Georgia, and Kentucky. They have been in operation since January 2001.
Jeff Rigsby is the Co-founder and President of BOJ of WNC. He has 30 plus years of restaurant experience at various levels of operations. Jeff has held positions ranging from crew person to his current position of President. He owns all 42 stores and has been with the company since the beginning.
BOJ of WNC has a great support team for their restaurants. They have six area directors, Patrick Sheline, Jeffrey Rigsby, Doug Nunn, Steve Rex, Donnie Cates and Scott Sandridge that help in the day-to-day operations of their locations. For more information, or to find a Bojangles’ near you, visit www.bofanatics.com.
www.REALTYLINKDEV.com
For property information:J. Tyson Glasser, CCIM • Investment Sales Director
[email protected] • 864.263.5427 o • 404.435.6312 c
