Property Highlights
Atlantic Capital Partners has been engaged to offer a free-standing Bojangles in Memphis, TN. This property sits at an ideal location next to a brand new Starbucks near the signalized intersection of Yale Rd (17,000 VPD) & Austin Peay Highway (70,000 VPD). The property will sit as an outparcel to a brand new retail development that is currently in the process of being developed, which already features a Starbucks and a commitment from Chick-fil-A.
- Long Term Lease with Large Rent Increases – 20 year lease with 10% base rent increases every 5 years
- Across the Street from New Raleigh Civic Center – This 67 acre, $45M development features a new, 17,500-square-foot library and the 38,000-square-foot Austin Peay Police Station and Traffic Precinct, where 600 police officers will be stationed, a skate park, and a walking trail around the 11 acre pond
- Additional Surrounding Development – 10 additional acres in he Raleigh Civic Center are still open fo development and targeting multifamily
- Proximity to New Amazon Fulfilment Center – Opened in late 2020, this 3.5M SF, $200M Amazon center created over 1,000 full time jobs | To the west of the current center will be another 181,000 SF delivery station that is currently under construction which will accommodate approximately 500 jobs
- Proximity to Nike North American Logistics Campus – The property sits just 4 miles to the east of the $301M distribution center that was built in 2015 | The 2.8M SF building is one of the largest distribution centers in the nation and employs 1,900 people
- Excellent Exposure near Heavily Trafficked Intersection – Austin Peay Highway (70,000 VPD) & Yale Road (17,000 VPD) give this property exceptional exposure on a daily basis
- Passive Income – Brand new construction and the absolute NNN ground lease with a strong corporate guaranty provides an investor with truly passive income
- Top Retailers Located Nearby – Surrounding this property lies many top retailers in the country including Walmart, Kroger, Starbucks, Wendy’s, Burger King, Aldi, McDonald’s, and KFC
- Efficient Tenant – In 2021, Bojangles ranked in the top of all QSRs for their average sales per unit, bringing in over $1.86M