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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.
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
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