688 S Andy Griffith Pkwy Mount Airy (Triad MSA), NC
Building Size: 3,572 SF
Lot Size:1.23 AC
OUTPARCEL TO LOWE’S & FOOD LION SHOPPING CENTER • The subject property is a 3,572 SF Bojangles with a drive thru with two points of entry on S Andy Griffith Pkwy (19,500 VPD) and is 2 miles from I-74 (21,000 VPD). • This Bojangles sits as an outparcel at the entrance of a 168,000 SF Lowe’s Home Improvement & Food Lion Anchored Shopping Center. • The property is surrounded by 2.6M SF of retail in a 1-mile radius including Walmart, Tractor Supply, Big Lots, Harbor Freight and more.
PIEDMONT TRIAD MSA • This Bojangles is located on Hwy 52 (39,500 VPD) 20 miles Northwest of downtown Winston-Salem and is part of the Piedmont Triad MSA. • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC. • The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in U.S. • There are approximately 900,000 jobs in the Piedmont Triad.
7-YEAR C ORPORATE NNN LEASE • The subject property has 7 years remaining on a 20-year Corporate Guaranteed NNN Lease. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, Roof & Structure. • There are two, 5-year options periods. • There is a 5% rent increase during the first, 5-year option and 5.74% rent increase during the second, 5-year option period.
BOJANGLES • Bojangles is an American regional chain of fast-food restaurants that has been in business for 44 years. • Bojangles is headquartered in Charlotte, NC and has over 1000 stores in 12 states with 4,500+ employees. • Bojangles did $1.3 billion in system wide sales in 2019.