Bojangles - Nashville MSA | 420 Long Hollow Pike
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Bojangles - Nashville MSA 420 Long Hollow Pike
2,775 SF 4-Star Retail Building Goodlettsville, TN 37072 $4,424,112 CAD ($1,594 CAD/SF) 5.85% Cap Rate
Investment Highlights
- 16-year absolute NNN lease with 3 renewal options of 5 years each
- The exit is a powerful workforce node with more daytime employees (5,500+) than residents (5,200+) within a 1-mile radius
- Average HH income of $106,900 within a 1-mile radius and population of 75,700 within a 5-mile radius
- Publix outparcel at a high traffic intersection with over 20,700 cars/day in front of the Property
- Mega industrial facilities for nationally recognized brands like Tyson Foods and Associated Wholesale Grocers are located at this exit
- Nashville is one of the strongest economies in the U.S., ranking 6th on the Milken Institute’s 2023 list of best performing large cities
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present this net lease retail investment opportunity in metro Nashville occupied by Bojangles Famous Chicken ‘n Biscuits, a leader in the quick serve restaurant industry with over 800 locations in 17 states. (“Bojangles” or the “Property”).
The Property was developed in the second half of 2022 on 1.19 acres with a 2,775 square foot drive-thru building and 28 parking spaces. Bojangles signed a 16-year absolute NNN lease that commenced in January 2023 with multiple 5-year renewal options and 7% rent bumps every 5 years. The franchisee (BOJ of WNC) is the largest operator in the Bojangles system with over 125 locations in 6 states.
The Property is less than 25 minutes north of downtown Nashville and the International Airport just off I-65 in the affluent family community of Goodlettsville. The underlying real estate can’t get much better within the trade area at a high-profile signalized intersection in front of a Publix neighborhood center. Nashville is one of the strongest economies in the U.S. and the largest metro area within a 5-state region.
The Property was developed in the second half of 2022 on 1.19 acres with a 2,775 square foot drive-thru building and 28 parking spaces. Bojangles signed a 16-year absolute NNN lease that commenced in January 2023 with multiple 5-year renewal options and 7% rent bumps every 5 years. The franchisee (BOJ of WNC) is the largest operator in the Bojangles system with over 125 locations in 6 states.
The Property is less than 25 minutes north of downtown Nashville and the International Airport just off I-65 in the affluent family community of Goodlettsville. The underlying real estate can’t get much better within the trade area at a high-profile signalized intersection in front of a Publix neighborhood center. Nashville is one of the strongest economies in the U.S. and the largest metro area within a 5-state region.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,775 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$4,424,112 CAD
Price Per SF
$1,594 CAD
Cap Rate
5.85%
NOI
$258,809 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
1.19 AC
Zoning
CPUDL - Commercial Planned Unit Development Limited
Parking
28 Spaces (10.09 Spaces per 1,000 SF Leased)
Frontage
236 ft on Long Hollow Pike
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Bojangles
- Accommodation and Food Services
- 2,775 SF
- $93.14 CAD
- Net
- Jan 2039
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Bojangles | Accommodation and Food Services | 2,775 SF | $93.14 CAD | Net | Jan 2039 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 143J-G-004.02 | Improvements Assessment | $357,438 CAD |
| Land Assessment | $611,228 CAD | Total Assessment | $968,667 CAD |
PROPERTY TAXES
Parcel Number
143J-G-004.02
Land Assessment
$611,228 CAD
Improvements Assessment
$357,438 CAD
Total Assessment
$968,667 CAD
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Power Broker Tyson Glasser -
Lakin Parr -
Trinity Partners
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Bojangles - Nashville MSA | 420 Long Hollow Pike
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