Bojangles | 19+yrs Remain Abs NNN 2823 Eldorado Pky

Investment Highlights

19+ Years Remaining | Scheduled Rental Increases | Options To Extend Signalized, Hard-Corner Intersection (81,100 VPD) | Excellent Visibility | Significant Street Frontage Direct, Affluent Consumer Base | Strong Demographics in 5-Mile Trade Area Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Across from Walmart | Retail Corridor | Strong National/Credit Tenant Presence

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Bojangles investment property located in Little Elm, Texas (Dallas MSA). The tenant, Bojangles Opco, LLC signed a brand new 20 year lease with 4 (5-year) options to extend and approximately 19 years remaining, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    2,822
• LoopNet Rating    4 Star
• Year Built    2023
• Price    3,000,000
• Price Per SF    1,063
• Cap Rate    4.59
• NOI    137,700
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    0.98 AC

• Corner Lot
• Restaurant
• Signage
• Signalized Intersection
• Drive Thru