x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Bojangles’ (Corporate), Shelbyville, KY

Bojangles’ (Corporate), Shelbyville, KY


Investment Summary

Price $2,180,000
Cap Rate 5.95%
NOI $129,638
Lease Term 15 Years
Lease Type NNN, with Tenant Responsible for All Taxes, Utilities, Insurance, and Maintenance, Including Roof and Structure
Rental Increases 1.25% Annual Rental Increases
Year Built 2017
Building Size 3,886 SF
Lot Size 1.63 Acres (71,003 SF)
Status Sold
Lead Brokers Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Mike J. Sullivan, CCIM
Senior Vice President
513.763.3032
mike.sullivan@cushwake.com
KY RE License #63429

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Kentucky-licensed real estate broker Cushman & Wakefield, Inc.

Investment Highlights

LONG-TERM NNN LEASE WITH CORPORATE GUARANTY
» 15-year NNN lease to Bojangles’ Restaurants, Inc. (NASDAQ: “BOJA”)
» More than 700 locations and over $1.2 billion in system-wide sales in 2016
» Annual rental increases, providing an excellent hedge against inflation
» NNN lease requires no landlord management, ideal for an out-of-area investor

EXCELLENT COMMUTER LOCATION WITH IMMEDIATE FREEWAY ACCESS
» Immediate access to Interstate 64, the main route between Louisville and Lexington, with a high traffic count of 55,560 vehicles per day
» Corner location with excellent visibility and access to over 20,800 vehicles per day on Taylorsville Road, a primary arterial
» Prime location in industrial region near Shelbyville’s largest employers, with over 3,280 industrial employees within walking distance
» New construction featuring dedicated drive-thru, providing additional customer convenience and boosting sales revenue

NEAR REGION’S LARGEST TOURIST ATTRACTIONS
» Minutes from the Outlet Shoppes of the Bluegrass, visited by over six million people per year and generating more than $130 million in annual sales
» Close proximity to the Shelby County Fairgrounds, the location of the annual Shelby County Horse Show, which draws over 25,000 attendees

RAPIDLY GROWING MARKET
» Adjacent to Windhurst Park Apartments, a 240-unit apartment complex that is due to be completed in October 2018
» Shelbyville is one of the fastest growing cities in Kentucky

Property Description

SOLD

The property is located at the corner of Taylorsville Road and Old Brunerstown Road, with excellent visibility and access to over 20,800 vehicles per day. Strategically positioned to capture commercial and commuter traffic, the property is located immediately off of Interstate 64. Interstate 64, which serves as the main route between Louisville and Lexington, experiences a high traffic count of 55,560 vehicles per day near the property. Several major national retailers are located near the property. The property is directly adjacent to Tractor Supply, across from Taco Bell, and within walking distance of Walmart Supercenter, Lowe’s, McDonald’s, Regal Cinemas, Dollar Tree, AutoZone, GameStop, Shoe Show, and many others. The property is also located just minutes from the Outlet Shoppes of the Bluegrass, the only designer outlet mall in Kentucky. The Outlet Shoppes of the Bluegrass features nearly 100 name-brand stores, including the only Tory Burch retail location in the state. Other notable retailers in the mall include Michael Kors, Polo Ralph Lauren, Brooks Brothers, Calvin Klein, Gucci, H&M, J. Crew, Kate Spade, Sunglass Hut, and more. The Outlet Shoppes of the Bluegrass is visited by over six million people per year and generates more than $130 million in annual sales.

The property is located in Shelbyville’s industrial region, with close proximity to several of the area’s largest employers. Martinrea’s heavy stamping facility is a short walk from the property. The facility has 1,100 employees, making Martinrea the largest industrial employer in Shelby County. The industrial operations of many other companies are near the property, with over 3,280 industrial employees within walking distance. Other notable employers, like Katayama American Company (355 employees), Ficosa North America (360 employees), and Faurecia Seating (450 employees) are a few miles from the property. The property is also next to Windhurst Park Apartments, a 240-unit apartment complex. The apartment complex is due to be completed in October 2018 and is expected to increase the population in the immediate area by approximately 400 people.

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link