Bojangles’

College Drive @ GA Hwy 52 and I-75 - Dalton GA 30720

LTV (Loan to Value) 65.00% Current NOI $132,380.00
Interest Rate 4.250% Capital Rate 5.500%
Fixed Term 10 Years Land Area
Amortization 25 Years Lease Type NNN
Loan Amount $1,564,550.00 Property Type Retail
Payment $8,475.76 Property Lease Restaurant
Bulding Size 3,500 SF Remaining Terms 15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the 100% fee simple interest in a brand new Bojangles’ restaurant property located directly off Interstate 75 in Dalton, GA. The property features a new fifteen (15) year absolute NNN lease with zero landlord responsibilities and annual increases of 1.25% in both the base term and option periods. The property is strategically situated in a dense retail corridor, directly across from the 143,000 square foot Northwest Georgia Trade and Convention Center and 1.2 miles from Dalton State College with a student/staff enrollment of approximately 5,500.

Highlights

Brand New, Long Term Lease – Property features a new fifteen (15) year absolute NNN lease with zero landlord responsibilitiesAttractive…

Property Description

Dalton, Georgia is nestled in the foothills of the Blue Ridge Mountains and is the home to many of the world’s floor covering manufacturers. It is a city in and the county seat of Whitfield County, as well as the principal city of the Dalton Metropolitan Statistical Area.Dalton is a prime location for business expansion, relocation, and economic development. Located in Auto Alley on Interstate 75 just 25 miles south of Chattanooga and 85 miles north of Atlanta, the area is within a day’s drive of half the country’s population. Affectionately referred to as the “Carpet Capital of the World,” Dalton is home to over 150 carpet plants. More than 90% of the functional carpet produced in the world today is made within 60 miles of Dalton.