420 Long Holw Pike, Goodlettsville, TN 37072-3480
This exceptional investment opportunity presents a fee-simple, 2,775 square foot Bojangles restaurant in Goodlettsville, Tennessee. Built in 2022, this Class A property boasts a 14.2-year remaining lease term (expiring 01/30/2039) with a top-performing franchisee, featuring 7% rent bumps every five years starting in year seven and three five-year renewal options. Located on 1.19 acres with 28 parking spaces, the property benefits from a high-traffic location near I-65, a Publix, and significant daytime employment. The absolute NNN lease provides a strong, passive income stream with a current NOI of $184,022 and a 5.85% cap rate. The property is situated in a high-growth area of the Nashville MSA, with an average household income exceeding $106,900 within a one-mile radius and a population of 75,700 within five miles. This prime location, coupled with the strength of the Bojangles brand and the long-term lease, makes this an attractive investment opportunity. The property is zoned CPUDL and enjoys excellent visibility at a signalized intersection. This is a rare chance to acquire a well-performing, established QSR property in one of the fastest-growing metropolitan areas in the United States. The property's strong fundamentals and location make it an ideal addition to any diversified investment portfolio.
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Bojangles Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.