Description
New 16-Year Lease | Options To Extend | Scheduled Rent Increases
The tenant recently signed a brand-new 16-year lease that commenced in May, 2025 featuring 3 additional 5-year renewal options, demonstrating long-term commitment to the site
Scheduled rent increases throughout the primary term and renewal options enhance long-term NOI growth and provide a built-in hedge against inflation
2025 Construction | Absolute NNN Lease
Constructed in 2025 with modern design, materials, and systems, the property offers contemporary aesthetics and operational efficiency consistent with today’s retail development standards
The lease is structured as an Absolute NNN lease, with the tenant responsible for CAM, taxes, insurance, and all maintenance of the premises
This zero-responsibility structure makes the asset an ideal, management-free investment for out-of-state or passive investors
Strong National Brand & Largest Franchisee Operator in Bojangles’ System
Bojangles was founded in 1977 and has since expanded to ~800 locations in 17 states
The franchisee operator, BOJ of WNC LLC, owns and operates 125 restaurants in Ohio, North Carolina, South Carolina, Tennessee, Georgia and Kentucky, and is the largest franchisee in the system
Sales at all of BOJ of WNC’s Ohio stores (including Zanesville) are up double digit % year over year
Ranked #31 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #7 in the Chicken category