387 S Main St - Fast Food FOR SALE


Hiawassee, GA 30546
$2,439,700 USD
404-435-6312
387 S Main St, Hiawassee, GA for Sale
$2,439,700 USD
Fast Food - FOR SALE
1/5
null | 5.65% Cap Rate

387 S Main St
Hiawassee, GA 30546


HIGHLIGHTS

  • 20-year absolute NNN lease with 4 renewal options of 5 years each and 10% rent bumps
  • Bojangles is one of the most popular QSR brands in the Southeast (825+ stores in 17 states)
  • BOJ of WNC is the largest (125+ units in 6 states) and most decorated franchisee in the chain
  • Traffic counts of approx. 12,900 in front of the Property on US 76, the primary commercial corridor thru the county
  • Located at the entrance to Four Seasons Medical Office Park and across the street from Chatuge Regional Hospital
  • Over 40,000 residents averaging more than $88,000 of household income within a 15- mile trade area radius

OVERVIEW

Trinity Partners is proud to serve as exclusive sales advisor to the Developer (“RealtyLink”) and present this net lease retail investment opportunity in the north Georgia mountains occupied by Bojangles Famous Chicken ‘n Biscuits, a leader in the national QSR industry with over 825 locations in 17 states. (“Property”) RealtyLink has been a development partner of the Franchisee (“BOJ of WNC / Jeff Rigsby”) for 23 years and together have completed over 60 build-tosuit stores in 6 states. RealtyLink Principal and 44-year industry veteran, Jack Jamison, says this about their #1 retail client: “Jeff and his team are an extraordinary company and the best operator I’ve ever worked with in my career. We’ve witnessed them go from the original 6 stores in Asheville NC acquired from corporate in 2001 to over 125 locations in 6 states. I’m constantly amazed how smoothly and professionally the growth has transpired. Their people are of the highest character who put customers and relationships first. They’re always reasonable and responsible to work with and consistently exceed operational and financial expectations.” The Property was developed in 2024 on .89 acres with a 2,695 square foot drive-thru building and 28 parking spaces. BOJ of WNC signed a 20-year absolute NNN lease that commenced in February 2024 with multiple 5-year renewal options and 10% rent bumps. BOJ of WNC is the #1 operator in the Bojangles system. The Property sits in the county seat along US 76, the trade area’s primary commercial corridor. The highest traffic volume in the county occurs in front of the Property. Hiawassee is less than 2 hours north of Atlanta.

FOR SALE DETAILS

PRICE

$2,439,700 USD

PRICE/SF

$905 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bojangles | North GA Mountains

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,958 SF

ZONING

N/A

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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Tyson GlasserTrinity PartnersMore Info
404-435-6312

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