Bojangle’s

Tenant Description

Bojangles’ is a quick-service restaurant headquartered in Charlotte, NC and most well known for their cajun seasoning, fried chicken, and biscuits. Bojangles’ is dedicated to serving customers high-quality food made from Southern recipes. They operate mainly in the Southeast spanning from NC to FL.

Bojangles’ went public in May 2015 on the NASDAQ and have since expanded to over 700 restaurants. Roughly 60% of Bojangles are franchisee owned and run and 40% are still corporate stores.

What To Look For When Buying A Bojangle’s

Who Is The Franchisee Guaranteeing The Lease? How Good Is The Real Estate? What Is The Rent To Sales Ratio?

What We Like About Bojangle’s

NNN Lease (Zero Landlord Responsibilities), Good Brand Recognition,

Competition

Popeye’s

What Is Sold In A Bojangle’s

Chicken Dishes, Biscuits, Iced Tea, and other Fast Food Items

Bojangle’sWebsite

https://www.bojangles.com/

Corporate Office Location

9432 Southern Pine Blvd – Charlotte, NC 28273

Fast Facts

In January of 2019 Bojangles’ announced their acquisition by Durational Capital Management and the Jordan Company is complete, and they will continue to operate as independent, privately-held company.

Bojangles – Tenant News
Bojangles - Tenant News
Average Cap Rate Trend
5.75%
2019
6.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,500,000
Avg. Rent$150,000
Avg. Price/ SF$600/SF
Typical Lease TypeTriple Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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