Listed by Boutique National LLC
Unpriced
Bojangle’s Bowling Green
Details
APN 053A-02-002B
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,808
Occupancy 100%
Tenancy Single
Brand/Tenant Bojangles, Parlor Doughnuts
Lease Type Absolute NNN
Lease Expiration 07/31/2032
Remaining Term 6.2
Lease Options Three 5-Year
Broker Co-Op Yes
Year Built 2016
Investment Type Net Lease
Ground Lease No
3,808 SqFt
Marketing description
Boutique National is proud to offer this absolute net leased Bojangle’s in Bowling Green, KY.
Bojangles currently dark but still paying rent and on hook until 2032. Potential they would want out of lease paying a fee allowing new tenant to be placed or a owner/operator.
7% Cap Rate
Long term absolute net lease with 7% rent bumps every 5 years and Three 5 year renewal options
Lease expires July 31, 2032
Current NOI $174,610
Aug 2027 rent of increases to $186,833.39
Largest and most successful franchisee in the chain
2016 construction at a high profile signalized intersection just off I-65 exit 22
Listing Contacts
Listed by Boutique National LLC
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$174,610.00
$14,550.83/mo
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