Lowest Cap Rate
4.50%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.43%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.02%
Average Cap Rate over previous quarter
Overview
Based out of Charlotte, North Carolina, Bojangles' quick service restaurant has been serving up crispy and delicious fried chicken and buttermilk biscuits. Bojangles’ has over 750 locations in 14 states, predominantly in the southern part of the United States. Generally, the base term is 15 years with rental escalation of 10% every 5 years. As for the real estate Bojangles’ are located on, they can be found outside busy shopping centers, high traffic areas, and busy intersections. Of late, Bojangles has been a highly sought after investment given their loyal fan base and plans to expand.
Property & Lease
Sales Price Range$2,000,000 - $2,750,000
NOI Range$100,000 - $150,000
Building SF3,500
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
5.89
N/A
6.76
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Nashville, TN6.30%
Bluffton, SC10.18%
Cookeville, TN6.78%
Top Consumer Traffic
Selma, NC942,000
Little River, SC902,900
Raleigh, NC791,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
