September 29, 2021 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Bojangles’ in Mebane, North Carolina. Horvath & Tremblay procured the buyer, to complete the transaction at a sale price of $2,812,451.
Bojangles’ is located at 595 Gregory Poole Lane in Mebane, North Carolina. The stand-alone building consists of 2,939 square feet and sits on a 1.723-acre lot, and benefits from a drive-thru. The Bojangles’ lease has 14 years remaining on a 15-year Absolute NNN Lease with three (3), 5-year renewal options. The newly constructed Property was a build-to-suit for Bojangles’ and was completed in 2020. The lease features attractive 1.25% annual rent increases throughout the base term and each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. Bojangles’ is well-located along Gregory Poole Lane at the intersection of Trollingwood Hawfields Road in the southwestern end of Mebane’s commercial district. The property is 0.1-miles from Interstate 40/85 and is less than 2-miles from the area’s largest industrial park and several distribution centers, including a Walmart Distribution Center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.