133 THREE SPRINGS RD Bowling Green KY 42104-7560

Boutique National is proud to offer this absolute net leased Bojangle’s in Bowling Green, KY.​

Bojangles currently dark but still paying rent and on hook until 2032.​ Potential they would want out of lease paying a fee allowing new tenant to be placed or a owner/operator.​

7% Cap Rate

Long term absolute net lease with 7% rent bumps every 5 years and Three 5 year renewal options

Lease expires July 31, 2032

Current NOI $174,610

Aug 2027 rent of increases to $186,833.39

Largest and most successful franchisee in the chain

2016 construction at a high profile signalized intersection just off I-65 exit 22

• Long term absolute net lease with 7% rent bumps every 5 years and 3-5 year renewal options
• 10+ years remaining on initial lease (expires July 31, 2032)
• Beginning August 2022 rent increases to $174,610 at a 5.35% cap rate
• Strong restaurant brand with over 780 locations
• Largest and most successful franchisee in the chain
• 2016 construction at a high profile signalized intersection just off I-65 exit 22

Out of State Cooperating Broker: Boutique National, LLC

Listing Broker of Record: JDS Real Estate Services, Inc

• July 2016 Construction – Absolute NNN
• ± 14.5 Years Remaining on Original 16-Year Lease
• 7% Rent Increases Every 5 Years Beginning in Year 7
• Three, 5-Year Options
• Experienced 60 Unit Operator (BOJ Of WNC, LIC)

• Long term absolute NNN lease with 7% rent bumps every 5 years and 3-5 year renewal options
• 43 year old restaurant brand with over 750 locations in 12 Southeast and mid-Atlantic states
• Largest and most successful franchisee in the chain and only one to operate in 5 states
• 2016 construction at a high profile signalized intersection just off I-65 exit 22
• Positioned on the market’s primary retail and traffic corridor with 35,000 AADT
• Located 4 miles from downtown and WKU - 2nd largest college in KY with 21,200 students
• Population of 89,700 within a 5-mile radius - 18% growth since 2010 - 8% growth by 2024
• Average household income of $87,600 within a 3-mile radius - 14% growth by 2024
• 3rd largest city in KY with ideal location between Nashville TN (60 miles S) and Louisville KY (120 miles N)