1736 N Main St - Fast Food FOR SALE


Shelbyville, TN 37160
$2,360,667 USD
503-307-0382
1736 N Main St, Shelbyville, TN for Sale
$2,360,667 USD
Fast Food - FOR SALE
1/4
null | 6.75% Cap Rate

1736 N Main St
Shelbyville, TN 37160


HIGHLIGHTS

  • CORPORATE GUARANTY | ABSOLUTE NNN LEASE| 1.25% ANNUAL INCREASE
  • MAIN RETAIL HUB OF BEDFORD COUNTY | EXCELLENT TRANSPORTATION ACCESS | 23K+ VPD
  • BEDFORD COUNTY SCHOOL DISTRICT | 8,500+ STUDENTS
  • SHELBYVILLE SQUARE REDEVELOPMENT | SHELBYVILLE 2040 MASTER PLAN
  • RESIDENTIAL GROWTH

OVERVIEW

The Northmarq National Restaurant Group is pleased to present this exclusive single-tenant Bojangles property for sale. Located in Shelbyville, TN, this investment offers an Absolute NNN lease with 1.25% annual rent increases and 3 x 5-year options, with a corporate guaranty. Shelbyville has the highest consumer activity in Bedford County, with a downtown full of unique boutiques, antique stores, local shops, along with larger shopping centers featuring national retailers. The property sits at a prime location off South Route 231 with 23,000+ vehicles passing daily. It's also within the Bedford County School District, serving over 8,500 students and driving strong daytime traffic. With 1.74% annual population growth and projections to surpass 100,000 residents in the coming years, Shelbyville continues to see steady growth. Bojangles, Inc. has over 800 locations nationwide, with more than 250 units corporately owned and operated. In 2023, the brand added 270 new locations and has an average unit volume of $2.3 million.

FOR SALE DETAILS

PRICE

$2,360,667 USD

PRICE/SF

$671 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

-

APN/PARCEL ID

078-013.07

ASK ABOUT THIS PROPERTY

Matt LipsonNorthmarqMore Info
503-307-0382

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Matt LipsonNorthmarqMore Info
503-307-0382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.