Bojangles | 891 Hilliard Rome rd
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Bojangles 891 Hilliard Rome rd
2,744 SF Retail Building Columbus, OH 43228 $3,381,000 ($1,232/SF) 5.75% Cap Rate
Investment Highlights
- 122-unit operator with over 40 years of restaurant experience (see page 13)
- Absolute NNN Lease featuring zero Landlord maintenance or expense responsibilities
- Outparcel at primary ingress and egress to Menards, the 3rd largest home improvement retailer in the U.S. (351 stores, $13 billion in revenue 2022)
- Largest Bojangles operator in the system
- Rent increases 7% every 5 years, beginning in year 7 and in each option period
- Across from West70 Logistics Center campus, an industrial park development with over 1.8 million square feet of building space proposed (see page 7)
Executive Summary
Bojangles is an outparcel to Menards Home Improvement store and adjacent to a new Starbucks, off I-70 (102,045 VPD) on a primary thoroughfare with 22,197 VPD. Located across from West70 Logistics Center campus, an industrial park development with over 1.8 million square feet of building space (see page 7).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,744 SF
Year Built
2023
Price
$3,381,000
Price Per SF
$1,232
Cap Rate
5.75%
NOI
$194,389
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.06 AC
Nearby Major Retailers
1 of 3
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Bojangles | 891 Hilliard Rome rd
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