Gilbert, AZ - Bojangles

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Bojangles investment property located in Gilbert, Arizona. This is Bojangles’ very first store in Arizona and it had the 2nd highest week of sales in Bojangles franchise history. The tenant, LVP Food Service Concepts LLC, Inc signed a brand new 20-year lease with 2 (10-year) options to extend, demonstrating their commitment to the site. The tenant is a subsidiary of LV Petroleum, which operates over 80 travel center locations, 180 quick-service restaurants, and 30 convenience stores. The lease features 2% annual rental increases throughout the initial term and each option period, 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 investor.

The Bojangles is located near the signalized, hard corner intersection of S Val Vista Dr and E Germann Rd, which combine to average 69,200 vehicles passing by daily. The asset is also located near Santan Freeway, which sees over 95,900 VPD. The subject property is located approximately 2 miles from Crossroads Towne Center, a Walmart Supercenter and Target anchored center with other national/credit tenants such as The Home Depot, Ross, Burlington, Chick-fil-A, In-N-Out, Texas Roadhouse, and Olive Garden. In addition, the Bojangles is approximately 2 miles from SanTan Village Marketplace, with major tenants including Walmart, Sam’s Club, Portillo’s, Ulta, Marshalls, and many others. The property is located near several new tenants such as Culver’s, Dutch Bros, Starbucks, Panda Express, and Chipotle. The subject property is in close proximity to Campo Verde Highschool (2,000+ students). The immediate trade area is supported by a population of over 301,100 residents and 69,900 employees within 5 miles and an affluent average household income of $199,784 within 1 mile.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003K7WfYAK