Bojangles', Asheville, NC

320 Airport Road
Arden, NC 28704


Property: Investment Sales

Square Footage: 3,800

Price: $2,180,000

Cap Rate: Call


  • Located about 1 mile from the regional airport, 15 miles from the CBD and 10 miles from popular Biltmore Estate
  • 3,816 square foot restaurant with drive-thru on about 0.92 acres positioned between Walmart, Target and Lowe’s
  • 20 year NNN franchisee lease that commenced in December 2012 with 10% rent bumps every 5 years
  • The leveraged transaction closed escrow in May 2013 for approximately $2.18 million with a 62% loan
  • The buyer was an experienced high net worth NNN investor out of southern California

Bojangles', Asheville, NC


Site Plan         



Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile