February 11, 2022 – Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Bojangles (subleased to T-Mobile) in Marion, Virginia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,411,323.
The property is a freestanding Bojangles (subleased to T-Mobile) located at 1408 N Main Street in Marion, Virginia. The property was constructed for Bojangles in 2017 and has 10+ years remaining on an Absolute NNN Lease with three (3), 5-year renewal options. The lease features attractive 1.25% annual rent increases throughout the base term and renewal options. The Property is strategically positioned at the signalized intersection of Johnston Road and N Main Street (US Route 11), the area’s primary commercial corridor. The Property is 0.7-miles from Interstate 81 and is surrounded by the area’s national retailers including Walmart, Food Lion, Ingles, CVS and Walgreens. The Property is also less than 1-mile from the Smyth County Hospital, a new 150,000 square foot $67 million facility set on 50-acres of land, a large General Dynamics Mission System facility, and the Marion Middle and High Schools.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.