Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Steve Horvath
704.379.1981 Office
704.379.1988 Fax
horvath@berkeleycap.com
Jay Levell
704.379.1985 Office
704.379.1988 Fax
levell@berkeleycap.com
   
Bojangles'

OFFERING SUMMARY

The Bojangles' is extremely well located as an outpad in front of the Walmart Supercenter and across from the Lowe's Home Improvement. The site fronts Main Street with great access and visibility. This is where you want to be in Newberry.

SUBMARKET OVERVIEW

Bojangles Restaurants operates and franchises more than 375 quick-service eateries that specialize in Cajun-style chicken and biscuits. The restaurants also offer chicken sandwiches and Buffalo-style chicken wings, along with a breakfast menu. Located mostly in Southeastern states, the chain includes about 135 company-owned locations; the rest are operated by franchisees. Founded in 1977 by former KFC president Richard Thomas and partner Jack Fulk, Bojangles is owned by an investor group led by Falfurrias Capital Partners.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
Population: 1,721 13,466 17,671  
Growth 2000-2012: 8.31% 3.24% 3.56%  
Average HH Income: $52,733 $42,542 $43,515  
OFFERING MEMORANDUM & FILES
Bojangles' Newberry, SC Executive Summary
 
Profiles
  Map/Directions
Location: 2980 Main Street
Newberry, SC
Size: 3,323 on approx. .92 acres
Annual Rent: $120,000
Rent Commencement: January 9, 2012
Lease Term: Eleven (11) years
Option Rent: $126,000
   
   
NET OPERATING INCOME $120,000
   
CAP RATE 0.00
   
OFFERING PRICE Unpriced
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