As you may have noticed from prior deals I have highlighted, I love single-tenant net-leased assets. As a Southerner, I also love fried chicken!
So my pick and purchase recommendation is a new Bojangles in Blue Ridge, Georgia. Built in 2021, this +/-2,600-square-foot store on just under an acre will be serving meals to lake-bound travelers at least another 15 years (plus renewal options).
The base rent of $150k/year bumps 7% every five years, and there are few landlord responsibilities. The site shares a driveway with TRUIST Bank, and has excellent highway exposure. Call me for pricing and more information.
– Steve Massell, Massell Commercial Real Estate