Popeye's Macon GA Marketing Package.Mpd2
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NEW BOJANGLES COLUMBIA,SC CORPORATE GUARANTEE OFFERING MEMORANDUM SRC NNN Investments of Eion Snell K Realty Group. 1490 Net Lease Specialist Delgany St #623 954 629-6215 Denver, CO 80202 [email protected] CONFIDENTIALITY DISCLOSURE This is a confidential disclosure memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest into the acquisition of the Subject Property. This memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition, and other factors beyond the control of the Owner and/or SRC NNN. Therefore, all projections, assumptions, and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to all interested and qualified prospective purchasers. Neither the Owner or SRC NNN., nor any of their respective directors, officers, affiliates, agents, or representatives are making any representation or warranty, expressed or implied, as to the accuracy or completeness of this memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this memorandum or use of its contents; and you are to rely solely on your own investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase Property, and/or to terminate discussions with any entity at any time with or without notice that may arise as a result of review of this memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered, and approved by the Owner and any obligations therein have been satisfied or waived. By review and receipt of this disclosure memorandum, you agree that this memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this memorandum or any of its contents to any other entity without the prior written authorization of the Owner or SRC NNN. Furthermore, you agree not to use this memorandum or any of its contents in a manner detrimental to the interest of the Owner In this memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be neither complete nor necessarily accurate descriptions of the full agreements referenced therein. Interested parties are so advised and expected to review all such summaries and other documents independently and not to rely on the contents of this memorandum in any manner. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR SRC NNN AGENT FOR MORE DETAILS. NEW BOJANGLES,SC PRICING & FINANCIAL ANALYSIS PRICE: $2,380,000.00 CAP RATE: 5.6% TERM REMAINING: 14 YEARS ADDRESS: 2513 Main Street (US HWY 1), INVESTMENT OPPORTUNITY HIGHLIGHTS Elgin, SC 29045 RELOCATION STORE - PREVIOUS INLINE TENANT: BOJANGLES RESTAURANTS INC STORE DID OVER $2 MILLION IN SALES GUARANTEE: CORPORATE BRAND NEW BUILDING - STORE IS DOING AN YEAR BUILT: 2019 INCREDIBLE 5.7% RENT TO SALES RATIO. BUIDLING SIZE: 2,995 SF LOT SIZE: 1.28 ACRES ZERO COMPETITION IN THE AREA. STORE LEASE COMMENCEMENT: JUL 2019 TRENDING TOWARDS $2,300,000 IN SALES. BASE LEASE EXPIRATION: JUN 2034 NEW 15 YEAR LEASE WITH 1.5% ANNUAL LEASE TYPE: ABSOLUTE NNN INCREASES. LANDLORD RESPONSIBILITIES: NONE NOI: $133,256.75 HEALTHY DEMOGRPAHICS AND TRAFFIC INCREASES: 1.5% EVERY YEAR/ AND IN COUNTS OPTION PERIODS RENEWALS: 3 FIVE YEAR OPTIONS TENANT SUMMARY Bojangles’ was founded in 1977 and today operates more than 730 restaurants in 11 southeastern states. About half of the stores are owned and operated by corporate; the other half are owned by franchisees. “Bojangles’ Famous Chicken n’ Biscuits” is a regional chain of quick service resturants specializing in spicy Cajun fried chicken and buttermilk biscuits. Headquartered in Charlotte, North Carolina, Bojangles’ has the second highest average per unit sales in the chicken fast food segment ahead of Popeye’s, KFC, Zaxby’s and Church’s Chicken. Only Chick-Fil-A does more dollar volume per store. The Wall Street Journal has ranked Bojangles’ as one of “25 High-Performing Franchises across all industries.” Among other recognitions, Entrepreneur Magazine has named Bojangles’ the number one resturant in the chicken category. QSR Magazine also has listed Bojangles’ in its Top 10. Franchise Deals, Inc. magazine has listed Bojangles’ among the fastest frowing private companies for the last several years. Bojangles’ Restuarants, Inc. was acquired by Advent International in 2011. Advent International is one of the world’s leading global buyout firms with offices in 17 countries on four continents. Advent took Bojangles’ public on May 8, 2015. The stock trades on the NASDAQ Exchange under the ticker symbol “BOJA.” On November 6, 2018, Duration Capital Management and The Jordan Company announces plans to acquire Bojangles’ in a $750 million deal. The often has received unanimous appeared from Bojangles’ board of directors. Subject to Shareholder approval, the deal was finalized in the first quarter of 2019. Randy Kibler, Bojangles’ CEO, said, “the new management group is committed to maintaining the . qualities of the brand that have sustained it for over four decades”. BOJANGLES,SC PROPERTY PHOTOS BOJANGLES,SC MARKET/AREA OVERVIEW COLUMBIA,SC COLUMBIA, SOUTH CAROLINA Columbia is the state capital and most populated city in South Carolina with an MSA population of roughly 795,000 people. Columbia is the county seat of Rich-land County and located in the middle of the state at the junctions of Interstates 20, 77 and 26. The city was built on a strong foundation of state government (capital), the nation’s largest Army training facility (Fort Jackson) and six major universities, most notably the University of South Carolina (32,000 students). TRANSPORTATION & CONNECTIVITY Columbia is nationally ranked among the top five cities for highway connectivity with immediate access to I-77, I-26, I-20 and is a short drive from I-95. This pro-vides convenient access to all of the bigger markets surrounding Columbia such as Charlotte, Charleston, Augusta, Atlanta, Greenville and more. Columbia Metropolitan Airport (CAE) is the main commercial airport for the city and is located just 5 miles southwest of Columbia in Lexington County. The air-port also serves as the southeast region cargo hub for UPS Airlines. Commercial rail service to Columbia is provided by both CSX and Norfolk Southern which maintains nearly 1,800 miles of track throughout the state. Passenger rail service is provided by Amtrak which has a station located on Pulaski Street near the Innovista District. DEMOGRAPHICS Columbia, South Carolina is the largest city in the state and boasts a popula-tion of 133,358 and has over 46,000 households as of the 2013 census. That is a population of over 929 people per square mile and 369 housing units per square mile. Of the 46,000 households, 22% have children under the age of 18 and the median income is right at $40,000. The racial makeup of the city is 51% white, 42% black, 4% hispanic/latino and 3% other races. CONTACT SRC NNN INVESTMENTS FOR MORE INFORMATION OR TO SUBMIT AN OFFER SRC NNN Investments Eion Snell 1490 Delgany St #623 Net Lease Specialist Denver, CO 80202 954 629-6215 [email protected].