Bojangles'
Closed850 GA Hwy 96, Warner Robins, GA 31088
Property type
Retail
Unit / Space count
1
Price
$2,585,000
Building size
3,808 sf
Rentable area
3,808 SF
Year built
2018
Year renovated
Occupancy
Zoning code
Lot size
1.24 Acres
Sold/status
Sold · Date unknown
Sale price
$2585000
CAP
6.50%
Property description
klin Street is proud to present this newly developed Bojangles’ location in Warner Robins, Georgia. Bojangles through their franchisee Church Restaurant Concepts, LLC has signed a new 15-year lease on the property which commenced March 1, 2018. Church Restaurant Concepts, LLC is an experienced operator of restaurants and has extensive history building up a brand through the franchisee model. They operated 75 Subway locations around the southeast and recently sold to help expand their Bojangles’ locations. They currently have 3 locations with rights to develop 12 more throughout the state of Georgia. The property is well located on Hwy 96 which has 18,100 VPD and will share access with a new Lidl grocery store, which will only enhance the traffic to the property. Highway 96 is home to many national restaurant concepts including Burger King, Zaxby’s, Sonic, McDonald’s, Chick-fil-A, among others. The surrounding area is one of the fastest growing submarkets in the Macon-Warner Robins market with 8.9% annual growth from 2000-2010. Many new residential communities and apartments have been developed in recent years surrounding the property.
Property highlights
- Newly constructed Bojangles’ location in Warner Robins, GA
- 15-Year NNN lease with 5% bumps every 5 years
- Personal and corporate guarantee from experienced franchisee
- New Lidl grocery store to be developed directly next to the property
- Rapidly growing area: Population grew 8.9% annually from 2000-2010
- Surrounded by national retailers: Lowe’s Home Improvement, Kroger, Publix, CVS, Goodwill, among many others
- Affluent area: $82,000 average household incomes
- 768 Bojangles across the East Coast with plans to get to 3,500+ locations nationwide