Bojangles Famous Chicken N Biscuits 946 East Liberty Street :: York, SC 29745
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:: RETAIL INVESTMENT OPPO RTUNITY REPRESENTATIVE PHOTO Bojangles Famous Chicken N Biscuits 946 East Liberty Street :: York, SC 29745 RandyHeavyside Broker :: CRC - Commercial Real Estate Consultants DRE: 00814382 949-458-0595 [email protected] Bojangles | CONFIDENTIALITY AGREEMENT This is a confidential Memorandumintended solely warranty, expressed or implied, as to the contents to any other entity without the prior for your limited use and benefit in determining accuracy or completeness of this Memorandum written authorization of the Owner or CRC whether you desire to express further interest in the or any of its contents, and no legal commitment Commercial Real Estate Consultants. You also acquisition of the Bojangles store (“Property”). or obligation shall arise by reason of your agree that you will not use this Memorandum receipt of this Memorandum or use of its or any of its contents in any manner This Memorandum contains selected information contents; and you are to rely solely on your detrimental to the interest of the Owner or pertaining to the Property and does not purport investigations and inspections of the Property CRC Commercial Real Estate Consultants. to be a representation of the state of affairs of in evaluating a possible purchase of the the Owner or the Property, to be all-inclusive or In this Memorandum, certain documents, real property. to contain all or part of the information which including leases and other materials, are prospective investors may require to evaluate The Owner expressly reserves the right, at its described in summary form. These summaries a purchase of real property. All financial sole discretion, to reject any or all expressions do not purport to be complete nor necessarily projections and information are provided of interest or offers to purchase the Property, accurate descriptions of the full agreements for general reference purposes only and are and/or to terminate discussions with any entity referenced. Interested parties are expected to based on assumptions relating to the general at any time with or without notice which may review all such summaries and other documents economy, market conditions, competition and arise as a result of review of this Memorandum. of whatever nature independently and not other factors beyond the control of the Owner The Owner shall have no legal commitment rely on the contents of this Memorandum in and CRC Commercial Real Estate Consultants. or obligation to any entity reviewing this any manner. Therefore, all projections, assumptions and Memorandum or making an offer to purchase If after reviewing this Memorandum, you other information provided and made the Property unless and until written have no further interest in purchasing the herein are subject to material variation. All agreement(s) for the purchase of the Property, kindly return this Memorandum and references to acreages, square footages, and Property have been fully executed, delivered any copies to CRC Commercial Real Estate other measurements are approximations. and approved by the Owner and any Consultants. Additional information and an opportunity to conditions to the Owner’s obligations therein inspect the Property will be made available to have been satisfied or waived. interested and qualified prospective purchasers. By receipt of this Memorandum, you agree Neither the Owner or CRC Commercial Real that this Memorandum and its contents are of Estate Consultants, nor any of their a confidential nature, that you will hold and respective directors, officers, affiliates or treat it in the strictest confidence and that you will not disclose this Memorandum or any of its Bojangles | TABLE OF CONTENTS 01 Executive Summary Investment Overview Investment Highlights Tenant Overview Location Map Site Overview 02 Aerial Map Site Plan Site Plan REPRESENTATIVE PHOTO REPRESENTATIVE PHOTO 1 Bojangles | EXECUTIVE SUMMARY CRC Commercial Real Estate Consultants has been exclusively INVESTMENT HIGHLIGHTS retained to market for sale this absolute NNN retail property leased to Bo-Ventures LLC on a long term lease. The property is :: Outparcel to Walmart Center. approximately 3200 square feet and is located at 946 East Liberty Street, York SC 29745. This property is outparcel to Walmart :: Nearby tenants include: Lowes, Walgreens, McDonalds, and Wendy's. Center. Nearby tenants include: Lowes, Walgreens, McDonalds, and Wendy's. BFC -Inc. is a chain of fast food restaurants specializing in :: Located approximately 25 miles from Charlotte NC. with a population of Cajun seasoning - fried chicken and buttermilk biscuits. Founded in 541,000. Charlotte NC. CEO - Clifton Rutledge. Headquartered in Charlotte NC. with 10,100 employees. Public traded - NASDAQ. :: York has a growing population of more than 10,000. :: York County has a population of 258,000. :: Median Income $45,000. INVESTMENT OVERVIEW :: Absolute NNN: Tenant is responsible for all repairs, improvements, taxes, Price $2,150,000 and insurance. In Place NOI $166,980 / $13,915 per month Cap Rate 7.8% Lease Commencement Date December 2007 Lease Expiration December 2022 Lease Term 5 years remaining on lease Landlord Responsibility None. Absolute NNN Rent Increases: 10% per 5 year option Lease Type Absolute NNN Option Periods: Two (2), 5-year periods CONSTRUCTION OVERVIEW GLA +/- 3,200 square feet Lot Size +/- 40,000 square feet Year Built 2003 Occupancy 100.00% | Single Tenant SC Broker of Record: Mr. Chris Brsilin license attorney SC. 2 Bojangles | TENANT OVERVIEW BFC -Inc. is a chain of fast food restaurants specializing in Cajun seasoning - fried chicken and buttermilk biscuits. Founded in Charlotte NC. CEO - Clifton Rutledge. Headquartered in Charlotte NC. with 10,100 employees. Public traded - NASDAQ. REPRESENTATIVE PHOTO 3 Bojangles | LOCATION MAP SITE 4 Bojan gles | AER IAL MAP 5 Bojan gles | AERIAL MAP 6 Bojan gles | AER IAL MAP 7 Boja ngles | SITE PL AN 8 Boja ngles | SITE PLAN Taco Bueno 9.