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Absolute NNN Bojangles Drive-Thru 3435 Rhea County Hwy
3,877 SF Retail Building Dayton, TN 37321 £1,851,793 (£478/SF) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: No landlord responsibilities.
- Long-Term Stability: 7 years remaining on the base lease term with 1.25% annual rental increases.
- Corporate Lease: Guaranteed by Bojangles’ Restaurants, Inc.
- Strong Traffic & Visibility: Located on Rhea County Highway with 20,352 vehicles per day.
EXECUTIVE SUMMARY
This absolute NNN leased investment provides a truly passive ownership experience with zero landlord responsibilities. Bojangles’ Restaurants, Inc. operates under a corporate-guaranteed lease with 7 years remaining on the base term and 1.25% annual rental increases throughout the primary lease and renewal options, ensuring long-term income growth.
The 3,877 SF freestanding building, constructed in 2017, sits on a 1.07-acre parcel along Rhea County Highway, a key commercial corridor with over 20,000 vehicles per day. The Property is strategically positioned between Lowe’s and Walmart Supercenter, the only Walmart within a 30+ minute drive, driving high daily traffic to the site. The surrounding area features a strong mix of national retailers, including McDonald’s, Wendy’s, Tractor Supply, and Dollar General.
This Bojangles’ location ranks in the 83rd percentile for most visits in Tennessee for the chain, according to Placer.ai, highlighting its exceptional performance.
Located within the Chattanooga MSA, just 35 minutes from downtown Chattanooga, the Property benefits from a growing regional economy, proximity to Bryan College, and nearby major employers, including the Nokian Tires factory with over 400 employees.
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Signalised Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Founded in 1977 in Charlotte, N.C., Bojangles', Inc. is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from Southern recipes. Bojangles' prepares all of its proprietary menu items from scratch and there are no microwaves in its restaurants. A special blend of seasonings gives the food its unique Bojangles' flavor. The restaurants core menu features Bojangles’ famous chicken, made-from-scratch buttermilk biscuits, flavorful fixin’s and Legendary Iced Tea® steeped the old-fashioned way. Bojangles’ broad breakfast menu is served fresh all day, every day and features biscuit sandwiches such as Cajun Filet, steak and country ham. Bojangles’ menu also features unique fixin’s such as Dirty Rice, Cajun Pintos and Green Beans. First franchised in 1978, Bojangles' has more than 690 locations throughout the southeast U.S. For more information, visit www.Bojangles.com.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
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Absolute NNN Bojangles Drive-Thru | 3435 Rhea County Hwy
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