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.