Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312David B Zacharia, Lic. 299302

* Disclosure: One or more of the owners of this property is a shareholder of James Capital Advisors, Inc. and holds a real estate license, but is acting solely as a principal in this transaction

Absolute Net (NNN) Bojangles’Fayetteville, NC

Listed in Conjunction with NC Real Estate Broker

Limited Nonresident Commercial Real Estate Broker

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312The Offering

$2,681,839

5.60%

$150,183

$681.19

$38.15

Richard Brehaut

(424) 325-2608

SUBMIT OFFER

FINANCIAL SUMMARYPurchase Price

Cap Rate

Net Operating Income

Price / SF

Rent / SF

Listing Agent

Phone Number

Email

PROPERTY INFOTenant

Street Address

City

State

Zip

APN

GLA

Lot Size

Year Built

Bojangles’

1945 Cedar Creek Rd

Fayetteville

NC

28312

0455-28-4116

3,937 SF

1.05 AC

2017

Corporate GuaranteeBojangles’ (NYSE:BOJA) operates more than 762 restaurants in 12 state

Proven ConceptBojangles’ system wide sales surpassed $1.2 Billion in 2017

Successful Operating HistoryBojangles’ was founded in 1977 and has been successfully operating for over 40 years

Bojangles’ Newest PrototypeOne of the few locations Bojangles’ has chosen to debut its brand-new prototype which features a “Biscuit Theater,” which showcases their Master Biscuit Makers making fresh biscuits every 20 minutes

Long Term InvestmentBrand new 15-year Absolute NNN lease with three, five-year options

Healthy Rent GrowthLease features 1.25% annual increases

INVESTMENT HIGHLIGHTS

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Property Image

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Lease Summary

Tenant Responsibility

Tenant Responsibility

Tenant Responsibility

Corporate

Bojangles’

Public

40 Years

765 Locations

Real Estate Taxes

Insurance

Repairs & Maintenance

Zero Landlord Responsibilities

Lease Guarantor

Company Name

Ownership

Years in Business

Number of Locations

LEASE SUMMARYLease Type

Type of Ownership

Original Lease Term

Commencement Date

Lease Expiration

Term Remaining

Increases

Options

ROFR / ROFO

Absolute Net (NNN)

Public (NASDAQ: BOJA)

15 Years

December 20, 2017

December 31, 2032

14 Years

1.25% Annual

Three, Five-Year Options

N/A

INVESTMENT HIGHLIGHTSMajor MSASituated 120 miles east of Charlotte, Fayetteville is the largest MSA in southeastern North Carolina and the sixth-largest city in North Carolina.

Excellent Site-Level Visibility Located directly off Interstate 95 which runs along the East Coast from Florida to Maine and has daily traffic counts of 46,000 VPD.

Significant Hotel PresenceLocation benefits from consistent visitor traffic from the 13 hotels within ¼ mile

Largest US Army Installation in the WorldFayetteville is home to the largest US Army military installation in the world, Fort Bragg, with over 50,000 active duty military personnel and encompassing 251 square miles. Fort Bragg and Pope Field pump about $4.5 billion a year into the region’s economy, making Fayetteville one of the best retail markets in the country.

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312

FORT BRAGGThe Fayetteville area has a large and growing defense industry. Fort Bragg, the largest military installation in the world (by population), is the backbone of the area’s economy. Fort Bragg and Pope Field pump about $9.9 billion a year into the region’s economy, making Fayetteville one of the best retail markets in the country.

Fayetteville serves as the region’s hub for shops, restaurants, services, lodging, healthcare, and entertainment. Fayetteville boasts a low unemployment rate with a large labor pool of trained professionals. Fayetteville also has a strong workforce in the healthcare and social assistance, accommodation, and food services, retail trade, and educational services sectors. With access to affordable and distance learning, as well as community colleges and universities, there is increasing growth in the workforce in the sciences and technology industries.

Fort Bragg DemographicsFort Bragg us the largest U.S. Army base by population, serving a population o 52,280 active duty soldiers, 12,624 reserve components and temporary duty students, 8,757 civilian employees, 3,516 contractors, and 62,962 active duty family members. There are 98,507 Army retirees and family members in the area.

Fort Bragg

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Property Image

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Rent Schedule

5.60%

5.67%

5.74%

5.81%

5.89%

5.96%

6.03%

6.11%

6.19%

6.26%

6.34%

6.42%

6.50%

6.58%

6.66%

$37.68

$38.15

$38.62

$39.11

$39.60

$40.09

$40.59

$41.10

$41.61

$42.13

$42.66

$43.19

$43.73

$44.28

$44.83

-

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

1.25%

$12,360.75

$12,515.26

$12,671.70

$12,830.10

$12,990.47

$13,152.85

$13,317.26

$13,483.73

$13,652.28

$13,822.93

$13,995.72

$14,170.66

$14,347.80

$14,527.14

$14,708.73

$148,329.00

$150,183.11

$152,060.40

$153,961.16

$155,885.67

$157,834.24

$159,807.17

$161,804.76

$163,827.32

$165,875.16

$167,948.60

$170,047.96

$172,173.56

$174,325.73

$176,504.80

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

12/20/2017 - 12/31/2018

01/01/2019 - 12/31/2019

01/01/2020 - 12/31/2020

01/01/2021 - 12/31/2021

01/01/2022 - 12/31/2022

01/01/2023 - 12/31/2023

01/01/2024 - 12/31/2024

01/01/2025 - 12/31/2025

01/01/2026 - 12/31/2026

01/01/2027 - 12/31/2027

01/01/2028 - 12/31/2028

01/01/2029 - 12/31/2029

01/01/2030 - 12/31/2030

01/01/2031 - 12/31/2031

01/01/2032 - 12/31/2032

CAP RATERENT / SFINCREASEMONTHLY RENTANNUAL RENT PERIODRent Schedule

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Retail Aerial

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Site Plan

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Demographics

10 MILE

197,753

198,309

195,882

79,601

79,818

$55,512

$42,885

5 MILE

23,373

23,187

22,436

9,328

9,245

$47,139

$31,118

3 MILE

5,667

5,689

5,840

2,298

2,308

$45,119

$31,286

POPULATION

2022 Projection

2017 Estimate

2010 Census

HOUSEHOLDS

2022 Households

2017 Households

Avg. HH Income

Med. HH Income

FAYETTEVILLE, NCFayetteville is located one hour from Raleigh and home to Fort Bragg, one of the most active military installations in the country. Rich in early U.S. history, this Top 10 City for Veterans has attractions such as Airborne & Special Operations Museum, golf at more than 20 courses, and easy access to lake, beaches, and mountains. The city also showcases a revitalized downtown, locally owned restaurants and neighborhoods close to shopping and entertainment.

Few places in America have played such a formative role in our country’s most defining moments as Fayetteville. From its original settlement in 1739 by Scottish immigrants through the deployment of troops to Afghanistan and Iraq today, it is here the very seeds of American freedom, democracy and patriotism were planted and continue to grow.

Thriving College TownFayetteville is home to multiple colleges and Universities: Fayetteville Technical Community College, Fayetteville State University, and Methodist University. Fayetteville State University, founded in 1867, has over 5,400 students enrolled. Methodist University, charted in 1956, serves approximately 2,300 students.

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312

DISCLAIMERThe information contained in this Marketing Brochure has been obtained from sources believed to be reliable. However, James Capital Advisors, Inc. & David B Zacharia (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

Disclaimer

Corporate Bojangles’

1945 Cedar Creek Rd, Fayetteville, NC 28312Contact Information

Contact Information

SUBMIT OFFER

David B ZachariaNC Real Estate Broker

NC RE Lic. 299302

Richard BrehautLimited Nonresident Commercial Real Estate Broker

(424) 325-2608Richard@JamesCapitalAdvisors.comNC RE Lic. LC688

* Disclosure: One or more of the owners of this property is a shareholder of James Capital Advisors, Inc. and holds a real estate license, but is acting solely as a principal in this transaction

If you are selling real estate, you may want to “list”

to represent you in your dealings with buyers as your seller’s agent

Be sure to read and understand the listing agreement

Duties to Seller: promote your best interests be loyal to you follow your lawful instructions provide you with all material facts that

use reasonable skill, care and diligence, and account for all monies they handle for

about you to prospective buyers or their agents without your until you sign

the listing agreement, you should avoid telling the listing agent anything you would not want a buyer to know

Services and Compensation: To help you sell your

helping you price your property advertising and marketing your property giving you all required property disclosure forms for you to complete negotiating for you the best possible price and terms reviewing all written offers with you and

represent only you (as a buyer’s agentwilling for them to represent both you and the seller at the same time (as a dual agentthem represent only the seller (seller’s agent or subagent

Duties to Buyer: represent you, they must promote your best interests be loyal to you follow your lawful instructions

decisions use reasonable skill, care and diligence, and

its agents to be your buyer’s agent, they may not give any

until you make this agreement with your buyer’s agent, you should avoid telling the agent anything you would not want a seller to know

Unwritten Agreements: To make sure that you and

method for determining the sales commission or fee and

to represent you andagency relationship” is most likely to happen if an agent

buyer’s agent with

occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to amend your listing agreement to permit the

dual agent to advance the dual

agentAlthough the dual agent owes them the same duties, buyers and sellers can prohibit dual agents from divulging certain

option (when available) may allow each “designated agent”

If you choose the “dual agency” option, remember that since a dual agent’s loyalty is divided between parties with competing interests, it is especially important that you have a clear understanding of what your relationship is with the dual agent and what the agent will be doing for

When buying real estate, you may have several

hen buying or selling real estate, you may

times the same agents work for both the buyer and the

is representing you as your agent or simply assisting

This brochure addresses the various types of

It should help you decide which relationship you want

useful information about the various services real estate

agents can provide buyers and sellers, and it will help

Agents are required to review this with you and must retain

By signing, I acknowledge that the agent named below

Buyer or Seller Name (Print or Type)

Buyer or Seller Signature

Buyer or Seller Name (Print or Type)

Buyer or Seller Signature

Date

Firm Name

Agent Name License Number

(Complete, if applicable)When showing you property and assisting you in the

represent the SELLER. For more information, see “Seller’s Agent Working with a Buyer” in the brochure.

Buyer’s Initials Acknowledging Disclosure:

Agent Name License Number

Firm Name

Date

dual agentdual agents

dual agent’s

dual agent

buyer agencybuyer agent

seller’s agent

buyer’s agent

buyer’s agent

Services and Compensation: buyer’s agent

buyer’s agent

buyer’s agent

buyer’s agent

buyer’s agent

dual agent

dual agent

seller’s agent

in writingsellers’ agents

seller’s agentnot

Sellers’ agents

(Complete, if applicable)When showing you property and assisting you in the

represent the SELLER. For more information, see “Seller’s Agent Working with a Buyer” in the brochure. Agent’s Initials Acknowledging Disclosure:

(Note: This brochure is for informational purposes only and does not constitute a contract for service.)

00,000 copies of this public document were printed at a cost of $.000 per copy.

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David B Zacharia

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