June 10, 2020 – Zack Smith of Horvath & Tremblay has successfully completed the sale of Bojangles’ in La Follette, Tennessee. Horvath & Tremblay procured the buyer, to complete the transaction at a sale price of $1,951,220.
Bojangles’ is located at 2134 Jacksboro Pike in La Follette, Tennessee. The stand-alone building consists of 3,717 square feet and sits on a 1.51 acre lot, and benefits from a drive-thru. Bojangles’ has approximately 18 years remaining on a long-term, absolute triple net (NNN) lease. The lease calls for 7.5% rent increases every five (5) years throughout the base term and option periods. The property is well located on the primary commercial corridor within the market and across from a Food City grocery anchored neighborhood shopping center.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.