Listed by SRS Real Estate Partners San Diego, SRS National Net Lease Group
$3,748,188
Bojangles | Zanesville, OH
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,880
Cap Rate 5.85%
NOI $219,269
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Expiration 05/01/2041
Remaining Term 14.9
Rent Bumps Yes
Price per SqFt $1,301
Year Built 2025
Acreage 0.950
Ground Lease No
Out Parcel to Top Performing Walmart | Genesis Hospital (600,000+ annual patients)
Investment highlights
New 16-Year Lease | Options To Extend | Scheduled Rent Increases
- The tenant recently signed a brand-new 16-year lease that commenced in May, 2025 featuring 3 additional 5-year renewal options, demonstrating long-term commitment to the site
- Scheduled rent increases throughout the primary term and renewal options enhance long-term NOI growth and provide a built-in hedge against inflation
2025 Construction | Absolute NNN Lease
- Constructed in 2025 with modern design, materials, and systems, the property offers contemporary aesthetics and operational efficiency consistent with today’s retail development standards
Strong National Brand & Largest Franchisee Operator in Bojangles’ System
- Bojangles was founded in 1977 and has since expanded to ~800 locations in 17 states
- The franchisee operator, BOJ of WNC LLC, owns and operates 125 restaurants in Ohio, North Carolina, South Carolina, Tennessee, Georgia and Kentucky, and is the largest franchisee in the system
- Sales at all of BOJ of WNC’s Ohio stores (including Zanesville) are up double digit % year over year
- Ranked #31 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #7 in the Chicken category
Situated In Front of Top Performing Walmart Supercenter | Across Street from Genesis HealthCare System | 1 Mile South of Colony Square Mall
- Located directly in front of a top performing Walmart Supercenter, ranked 7th out of 141 locations in Ohio with 2.93M annual visits, and in the 87th percentile nationwide
- Across Maple Avenue from Genesis HealthCare System, the largest healthcare provider in a six-county region of southeastern Ohio, with over 300 physicians, 247 patient-beds, and 600,000+ annual patient visits across various departments. Estimated to have over 1,000,000 total annual visitors.
- 1 mile south of Colony Square Mall, a 610,000 square foot super-regional shopping mall anchored by JCPenney, Dunham’s Sports, Planet Fitness, TJ Maxx, Five Below, American Eagle and Cinemark Theatres
Excellent Frontage, Visibility & Access
- Strategic proximity to Maple Avenue (Highway 60) with over over 25,000 cars passing the site every day
- Outstanding visibility and access in one of Zanesville’s most heavily trafficked retail corridors
Proximity To Community Anchors
- 1.5 miles north of Zanesville High School (~653 students) and 2.5 miles northeast of Ohio University Zanesville (~2,097 students)
- Strong access to local schools and community institutions supports repeat visits and reliable day-to-day traffic
Listing Contacts
Listed by SRS Real Estate Partners San Diego, SRS National Net Lease Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,269.00
$18,272.42/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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