Kissimmee, FL - Bojangles

Description:

SRS National Net Lease 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 Kissimmee, Florida. The tenant, Bojangles, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of 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 passive investor.

The Bojangles is located near the signalized, hard corner intersection of W. Irlo Bronson Memorial Highway and State Highway 535, which combine to average more than 114,500 vehicles passing by daily. W. Irlo Brunson Memorial Highway is the major retail thoroughfare serving the city of Kissimmee. The property is an outparcel to Kissimmee West Shopping Center, a 177,000+ square foot Target anchored center with other national/credit tenants including Marshalls, Skechers, Panda Express, and more. The asset is approximately one mile from Sunrise Plaza, with national/credit tenants including Publix, Petco, Starbucks, First Watch, T.J. Maxx, Five Guys, and many others. The site is in the center of a primary retail corridor with other nearby national/credit tenants including a Sam’s Club, Walmart Supercenter, Olive Garden, McDonald’s, Applebee’s, Wendy’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 167,600 residents and 88,400 employees with an average household income of $94,961.

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