Bojangles
Closed681 Cobb Pkwy N, Marietta, GA 30062
Property type
Retail
Unit / Space count
1
Price
$3,451,686
Building size
3,363 sf
Rentable area
3,363 SF
Year built
2005
Year renovated
Occupancy
Zoning code
Lot size
1.10 Acres
Sold/status
Sold · Date unknown
Sale price
$3451686
CAP
5.75%
Property description
Franklin Street Investment Services is pleased to present the Bojangles at 681 Cobb Pkwy., Marietta, GA. This investment offering is an opportunity to acquire 3,363 square feet freestanding Bojangles Fast Food Restaurant situated on a 1.1-acre lot. Bojangles is an extremely quick growing brand with approximately 760+ locations in 14 states today. With an industry leading annual unit volume (AUV) of $1.9M, long history of same store sales growth, three strong dayparts, and unique footprint options for ownership of single and multiple locations. The current Franchisee operates 8 Bojangles Locations in the State of Georgia with a strong track record at each location. This Bojangles is currently in its 4th year of a 15-year Absolute Triple-net (NNN) lease. Bojangles signed a 15- year lease until 2032 with four additional five (5) year options, with a two percent (2%) rent increases every year, as well as a two percent (2%) rent increase every year during each option period. This property is located on Cobb Pkwy near the signalized corner of Cobb Pkwy and Allgood Rd NE. This property is directly adjacent to a QuikTrip gas station and convenience store. The property is also across the street to The Walker School a prestigious private school with approximately 1,000 students enrolled and just minutes away from the Wellstar Kennestone Hospital a major local hospital with 633 hospital beds. Within this immediate area, there are multiple industrial business parks including companies such as Coca-Cola distribution facilities.
Property highlights
- Franklin Street exclusively represented the seller in this transaction
- Sold all-cash to Atlanta based Real Estate Investment Firm
- Absolute Triple Net (NNN) Lease with no Landlord Responsibilities
- Excellent Visibility and Access Directly from Heavily Traveled S. Cobb Parkway
- Surrounded by Industrial Business Parks, Residential Buildings, the Wellstar Kennestone Hospital, and The Walker School