3435 Rhea County Hwy - Fast Food FOR SALE


Dayton, TN 37321
$2,333,555 USD
310-402-6343
3435 Rhea County Hwy, Dayton, TN for Sale
$2,333,555 USD
Fast Food - FOR SALE
1/5
null | 6.75% Cap Rate

3435 Rhea County Hwy
Dayton, TN 37321


HIGHLIGHTS

  • Absolute NNN Lease: No landlord responsibilities.
  • Corporate Lease: Guaranteed by Bojangles’ Restaurants, Inc.
  • Long-Term Stability: 7 years remaining on the base lease term with 1.25% annual rental increases.
  • Strong Traffic & Visibility: Located on Rhea County Highway with 20,352 vehicles per day.

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., Kidder Mathews, and ParaSell, Inc., as exclusive investment sale advisors to the Seller, are pleased to offer for sale a single-tenant Bojangles’ property in Dayton, Tennessee (the “Property”). 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.

FOR SALE DETAILS

PRICE

$2,333,555 USD

PRICE/SF

$602 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Bojangles Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C

APN/PARCEL ID

04-096-096-085.01,102-126.00

ASK ABOUT THIS PROPERTY

Jeremy BenloulouPegasus InvestmentsMore Info
310-402-6343

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Jeremy BenloulouPegasus InvestmentsMore Info
310-402-6343

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