Bojangles
Retail | 6.00% CAP | 2,962 SqFt
Marketing description
The subject property is located in Heath, a suburb of Columbus, at S 30th Street and Hebron Road (39,719 combined VPD), the area’s primary retail, residential, and industrial corridor. Bojangles is positioned in front of a Walmart Supercenter, Target, and Indian Mound Mall, which draws 1.6 million annual visits (per Placer.ai) and is anchored by Dick’s Sporting Goods, AMC Theatre, and JCPenney. The site also sits across from a Lowe’s Home Improvement ranked in the top 5%, and Kroger ranked in the top 10% in terms of store visits (nationwide), per Placer.ai.
Investment highlights
The subject property is one of the top visited Bojangles locations and fast food restaurants overall in Ohio, per Placer.ai
Absolute NNN Lease ~14-years of term remaining
Rent increases 7% every 5 years, beginning in year 7 and in each option period
Zero Landlord maintenance or expense responsibilities
Located at S 30th Street and Hebron Road within a rapidly expanding retail, industrial and residential area
In front of Walmart Supercenter, Target, and Indian Mound Mall anchored by Dick’s Sporting Goods, AMC Theater and JCPenney
Across from a Lowe’s Home Improvement ranked in the top 5%, and Kroger ranked in the top 10% in terms of store visits (nationwide), per Placer.ai
Nearby national hotels and retailers include Hampton Inn, Comfort Inn & Suites, Target, Chase Bank, Old Navy, Ulta Beauty, Verizon, Staples, Starbucks, McDonald’s, Harbor Freight, Best Buy, Tractor Supply, Sheetz and Firestone Tires
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