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Bojangles 3464 S Military Hwy

2,858 SF Retail Building Chesapeake, VA 23323 £2,669,797 (£934/SF) 6% Net Initial Yield

Investment Highlights

  • Absolute Net Lease | No landlord responsibilities
  • Experienced operator | NAKA OPCO, LLC | 6+ locations in Virginia
  • Close proximity to Food Lion-anchored center | George Washington Commons | 44,357 SF of retail space
  • Long lease term | 19 years remaining
  • Great visibility from S Military Hwy | 18,000 VPD
  • Large parcel | 1.36 acres

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Bojangles in Chesapeake, VA. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,858 SF
Building Class
B
Year Built
2024
Price
£2,669,797
Price Per SF
£934
Net Initial Yield
6%
NOI
£160,188
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.36 AC
Parking
35 Spaces (12.25 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 2,858 SF
  • -
  • NNN
  • Nov 2043

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 2,858 SF - NNN Nov 2043

Nearby Major Retailers

Atlantic Union Bank
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0252011000136
Land Assessment
£335,668
Improvements Assessment
£0
Total Assessment
£335,668
  • Listing ID: 34411450

  • Date on Market: 08/01/2025

  • Last Updated:

  • Address: 3464 S Military Hwy, Chesapeake, VA 23323

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