Bojangles

600 E Grover Street, Shelby, NC
Deal Type:
Net Lease
Price:
$2,199,982
Cap Rate:
5.50%
Current Rent:
$120,999
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 11.5 years
Renewal Options:
Three, 5-year options
Building Sq. Ft.:
4,042 SF
Rent Increases:
1.25% annually
Site Size:
2.12 acres
  • bojangles stream capital partners
  • bojangles stream capital partners
  • bojangles stream capital partners
  • bojangles stream capital partners

Investment Highlights

  • Bojangles’ corporate guarantee fee simple lease
  • Absolute NNN – zero landlord responsibilities
  • Long Term Lease – over 11.5 years of term remaining + options
  • Annual 1.25% rent increases
  • Half a mile from 241 bed – Atrium Health Hospital, the first level III trauma center in North Carolina

Listing Agents

Breanna Rusk

Vice President
714 722 4110
Breanna@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

In Association with Scott Reid & ParaSell, Inc., A Licensed North Carolina Broker #C32060

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