Listed by SRS Real Estate Partners Newport Beach
$3,738,000
Bojangles
Details
APN 122528509400010040
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,575
Units 41
Cap Rate 5.15%
NOI $192,500
Tenancy Single
Brand/Tenant Bojangles
Lease Type Absolute NNN
Lease Term 20.2
Lease Expiration 02/28/2046
Remaining Term 19.6
Rent Bumps Yes
Lease Options 4 (5-year) options to extend with 10% rental increases at the beginning of each option period
Price per SqFt $1,451
Class A
Year Built 2019
Year Renovated 2025
Acreage 0.910
Zoning Commercial
Parking Spaces 41 spaces
Parking per 1,000 SqFt 15.92
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/11/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.15% CAP | 2,575 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Bojangles investment property located in Kissimmee, Florida. The tenant, Bojangles, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- The tenant recently signed a brand new 20-year lease with 4 (5-year) options to extend
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for a passive investor
- The property is an outparcel to a 177,000+ square foot Target
- The site is in the center of a primary retail corridor with other nearby national/credit tenants including a Sam's Club, Walmart Supercenter, Publix, Ross, Olive Garden, McDonald's, Wendy's, and more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
- The 5-mile trade area is supported by approximately 167,600 residents and 88,400 employees
- Residents within 5 miles of the subject property boast an affluent average household income of $94,961
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,500.00
$16,041.67/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
