Daytona Beach, FL - Bojangles

Description:

• Brand new 15-year lease with 4 (5-year) options to extend
• The lease feature 10% rent increases every 5 years throughout the initial term and at the beginning of each option
• Founded in 1977 as a single location in Charlotte, the beloved brand has grown to more than 880 company-owned and franchised restaurants in 22 states

• The asset is strategically positioned along LGPA Boulevard, Daytona Beach’s primary east-west connector thus providing excellent visibility and 29,000 VPD
• Part of cohesive development featuring national tenants such as Dutch Bros, Panda Express and AutoZone
• Subject property is embedded in explosive rooftop growth with +15,000 residential units planned or under development in immediate trade area
• High barrier to entry due to limited remaining pad sites and zoning constraints along LPGA Boulevard

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Listing ID: a28TP000002a0rZYAQ