
Bojangles - Waynesboro, NC
Retail | 5.95% CAP | 2,900 SqFt
Marketing description
Bojangles is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from our Southern recipes, including breakfast served All Day, Every Day. Founded in 1977 in Charlotte, N.C., Bojangles® serves menu items such as made-from-scratch biscuit breakfast sandwiches, delicious hand-breaded bone-in chicken, flavorful fixins (sides) and Legendary Iced Tea®. Currently, Bojangles has approximately 760 system-wide restaurants in 11 states.
Based in Arden NC, BOJ of WNC owns and operates over 120 restaurants in North Carolina, South Carolina, Tennessee, Georgia and Kentucky. The franchise group began with six locations in Asheville NC in 2001 and has grown to serve Bojangles menu items, including delicious chicken; made-from-scratch buttermilk biscuits; flavorful fixins and Legendary Iced Tea® to five, soon-to-besix, states. They recently celebrated its 21st anniversary with the announcement of a substantial expansion agreement within their existing core markets along with a new Bojangles market: Columbus OH, which is slated for 15 locations. In connection with the planned development of 45 new restaurants, they also recently acquired 16 company operated restaurants making him the largest franchisee in the system
Investment highlights
- Annual Base Rent/NOI:
- Years 1-6 $176,164
- Years 7-11 $193,780
- Years 12-16 $213,158
- Option 1 $234,474
- Option 2 $257,921
- Option 3 $283,713
- Rent Increases: 7% Every 5 Years Beginning Year 7
- Lease Type: Absolute NNN
- Lease Term: 16 Years
- Lease Commencement: January 2025
- Lease Expiration: January 2041
- Renewal Options: 3-5 Years Each
- Tenant/Guarantor: BOJ of WNC, LLC
- Tenant Website: www.bocountry.com
- Landlord Obligations: None
- Building Size SF 2,900
- Building Age: 1 year
Listing Contacts

Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?








