Address: 5105 Wrightsboro Road, Grovetown, Georgia, United States 30813
Cap Rate: 6.25%
Lease Type: Triple Net (NNN)
Annual Rent: $167,395
Net Operating Income: $167,395
Lease Term Remaining: 14.9 Years
Rental Increases: 7.5% Increase In Year 6, Starting at Year 11, Increase is Annual Change in CPI, Capped at 3%
Options: Three, Five Year Options
Rentable Sq/Ft: 3,732 SF
Rent Sq/Ft: $44.85
Price Sq/Ft: $718
Marcus & Millichap is pleased to present the exclusive listing for a Bojangle’s located at 5105 Wrightsboro Road in Grovetown, Georgia. The site consists of roughly 3,732 rentable square feet of building space and has about 15 years left on a triple-net (NNN) lease. The initial annual rent will be $167,395, which is scheduled with attractive rental increases.
The subject property is situated on Wrightsboro Road, which boasts an average daily traffic count exceeding 15,000 vehicles. Cherry Street intersects with Old Wrightsboro Road, which brings an additional 15,000 traffic count. There are more than 25,000 individuals residing within a three-mile radius and 64,300 individuals residing within a five-mile radius of the subject property. The Bojangle’s property is situated in an affluent suburban community with an average household income of over $74,000 within a five-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, medical centers, and shopping facilities all within close proximity of this property. Major national tenants include: Walmart, Walgreens, McDonald’s, Pizza Hut, Family Dollar, IGA, CVS Pharmacy, Family Dollar, Domino’s, Family Dollar, Circle K, United States Postal Service, Shell, as well as many others. The subject property is located on the main street of the town, surrounded by many residential neighborhoods. Additionally the nearby area is affluent; average household income within a 5-mile radius exceeds $74,000. Schools in close proximity of this Bojangle’s include Cedar Ridge Elementary School, Grovetown Middle School, and August Technical College, with a total enrollment of over 3,000 students.
Grovetown is a city in Columbia County, Georgia, United States. It is part of the Augusta metropolitan area and the Central Savannah River Area. In the 2013 United States Census estimates, it had a population of 12,389. Grovetown is mainly served by Georgia State Route 223, known as Robinson Avenue from just northwest of Fort Gordon’s Gate 2 to the intersection with Harlem–Grovetown Road, and SR 388, known as Wrightsboro Road past this point. Grovetown is located about 10 miles outside of Augusta, Georgia. Downtown Augusta is home to many of Augusta’s most popular attractions, locally owned restaurants and nightlife. Affordable public parking and walkability make exploring downtown easy. First Fridays are a monthly celebration of Augusta’s fun and funky spirit with live music and performances, exhibition openings and more throughout downtown. From March through November, the Augusta Market brings local and regional tastemakers and artisans of all kinds to the 8th Street entrance to the Riverwalk. Students from around the country call Augusta home thanks to Augusta University, Georgia Military College, Paine College, University of South Carolina Aiken and many technical and educational institutes around Augusta’s River Region.
Broker of Record: Michael Fasano – License # 352663