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12100 HIGHWAY 92 Woodstock GA 30188-4291

[Locked] • APN 15N18 165 A

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Details
Property Type Retail
Sub Type QSR/Fast Food
Building SqFt 3,212
Lot SqFt 40,368
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code GC
Year Built 1995
Building Count 1
Opportunity Zone No
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******

Property History

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Property Type
Property Type
Retail
Marketing Description
Marcus & Millichap is proud to present for sale a 4,256+/- square foot Bojangles’ located at the corner of Highway 92 and Trickum Road in Woodstock (Atlanta), GA. The .80+/- acre lot is an outparcel to a 63,000+/- square foot shopping center anchored by Kroger. Bojangles’ has been operating at this location since 2005 and is under a long term lease agreement. The hard corner location is well positioned with excellent visibility to the combined traffic flow from Highway 92 and Trickum Road of 55,000+ ADT. Other retailers in the immediate area include Publix, Walmart, Rite Aid, McDonald’s, Bank of America, BB&T Bank, Wells Fargo, Starbucks, Wendy’s, and Arby’s.

Located less than 1/4 mile away is the main entrance to the First Baptist Church of Woodstock. Averaging over 6,000 parishioners each week, it is the 3rd largest Megachurch in the state, and one of the 50 largest in the country. The church sits on its own campus sprawling over 90 acres. It is complete with a worship center, chapel, gymnasium, café, preschool and even its own trolley line.

The tenant is a seasoned Bojangles’ franchisee currently operating 8 locations in the Atlanta area. The current lease term expires April 30th, 2030, with 4, 5 year renewal options thereafter. The lease is triple net (NNN) with the only Landlord responsibility being the structure of the building. The lease calls for annual increases ranging between 1% - 2%. This is a strong performing store, as evident by the low rent-tosales ratio.
Investment Highlights
  • 12+ Years Remaining On Current Lease Term
  • Strong Performing Store | Healthy Rent -Tosales Ratio
  • Triple Net (NNN) Lease
  • Annual Increases (1% - 2%)
  • Outparcel To Kroger Anchored Shopping Center
  • Hard Corner Location At Heavy Intersection | 55,000+ ADT
  • Seasoned Bojangles’ Franchisee | 8 Locations In Atlanta Area
  • Bojangles’ Is A Publicly Traded Company Operating 700+ Locations
  • System-Wide Sales Of Over $1.2 Billion
  • Market Cap Of $446 Million
Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Relationship Type
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Document Number
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Document Type
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Recording Book
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Recording Page
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Sold By
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Sold To
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Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
RP
Robby Pfeiffer PRO
•••.•••.2770
•••••ffer@•••••••••••••••.com
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