Bojangles’ Net Lease Investment Opportunity | 2715 Peach Orchard Rd
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Bojangles’ Net Lease Investment Opportunity 2715 Peach Orchard Rd
3,808 SF Retail Building Augusta, GA 30906 $3,183,918 ($836/SF) 6.10% Cap Rate
Investment Highlights
- Well positioned corner location just off Interstate 520 in Augusta, GA, home of the Masters Golf Tournament and Medical College of GA
- NNN lease with 6 years remaining on the initial 16 year term with 3 five year options and rent increases of 10% every five years
- Operated by BOJ of WNC, the largest Bojangles franchisee with over 122 locations in 5 states
- Traffic counts of over 20,000 vehicles per day with many national nearby retailers
- Strong area demographics with a population of 111,000 and average household income of $69,000 within 5 miles
Executive Summary
This Augusta, GA NNN Bojangles’, known for delicious chicken and biscuits, is located on busy Peach Orchard Road with 20,800 vehicles per day. Built in 2015, this ±3,808 SF
QSR with drive thru sits on a ±1.17-acre corner site with turn lane in a retail corridor surrounded by numerous retailers include Big Lots, Family Dollar, Tires Plus, Fifth Third
Bank, O’Reilly Auto Parts, Circle K, Zaxby’s and more. Five-mile demographics from the property include a population of over 111,000 with an average household income of over $69,000.
Bojangles is located just over a mile north of Interstate 520 in Richmond County, home to the Masters Tournament, the US Army’s Cyber Center of Excellence at Fort Eisenhower
and Augusta University (and its Medical College of Georgia). Augusta is approximately 150 miles southeast of Atlanta and about forty-five minutes from Aiken, SC and another
45 minutes to Columbia, SC.
The initial NNN term of 16 years has 6+ years remaining with 10% rent increases every five years and three 5-year renewal options. The tenant, BOJ of WNC, is the largest Bojangles franchisee with 122 locations in North Carolina, South Carolina, Georgia, Ohio, and Tennessee. BOJ of WNC’s Founder & CEO, Jeff Rigsby began working as a Bojangles corporate employee in 1979 and later became its most successful franchisee.
The property is priced at $3,183,918 and a 6.1% cap rate
QSR with drive thru sits on a ±1.17-acre corner site with turn lane in a retail corridor surrounded by numerous retailers include Big Lots, Family Dollar, Tires Plus, Fifth Third
Bank, O’Reilly Auto Parts, Circle K, Zaxby’s and more. Five-mile demographics from the property include a population of over 111,000 with an average household income of over $69,000.
Bojangles is located just over a mile north of Interstate 520 in Richmond County, home to the Masters Tournament, the US Army’s Cyber Center of Excellence at Fort Eisenhower
and Augusta University (and its Medical College of Georgia). Augusta is approximately 150 miles southeast of Atlanta and about forty-five minutes from Aiken, SC and another
45 minutes to Columbia, SC.
The initial NNN term of 16 years has 6+ years remaining with 10% rent increases every five years and three 5-year renewal options. The tenant, BOJ of WNC, is the largest Bojangles franchisee with 122 locations in North Carolina, South Carolina, Georgia, Ohio, and Tennessee. BOJ of WNC’s Founder & CEO, Jeff Rigsby began working as a Bojangles corporate employee in 1979 and later became its most successful franchisee.
The property is priced at $3,183,918 and a 6.1% cap rate
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,808 SF
Building Class
C
Year Built
2015
Price
$3,183,918
Price Per SF
$836
Cap Rate
6.10%
NOI
$194,219
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.17 AC
Zoning
B-2
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0983238000 | Improvements Assessment | $323,640 |
| Land Assessment | $68,360 | Total Assessment | $392,000 |
PROPERTY TAXES
Parcel Number
0983238000
Land Assessment
$68,360
Improvements Assessment
$323,640
Total Assessment
$392,000
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Bojangles’ Net Lease Investment Opportunity | 2715 Peach Orchard Rd
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