Bojangles NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.3%
This Year Cap
6.5%
Cap Change
0.3%
Last Year Rating
B
This Year Rating
B
Rating Change
No change
Bojangles – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Bojangles
Bojangles Net Lease: Secure, Essential Investment
Bojangles is a nationally recognized quick-service restaurant brand known for its fried chicken, biscuits, and strong Southeastern U.S. presence. This guide reviews cap rates, lease terms, franchisee strength, and key due diligence considerations for buyers and sellers of Bojangles net lease properties.
For 1031 exchange buyers, Bojangles ground lease properties are important to compare against fee simple Bojangles assets, as lease structure can materially impact pricing, financing, and long-term resale value.
Investors often target Bojangles assets for:
- Strong Regional Brand Recognition
- Drive-Thru Focused Restaurant Model
- Growing Quick-Service Restaurant Demand
- Attractive 1031 Exchange Compatibility
Bojangles ground lease properties require close comparison of rent escalations, remaining lease term, extension options, franchise operator strength, and residual land value versus fee simple ownership.
Bojangles Ground Lease Properties for 1031 Exchange Buyers
Bojangles ground lease properties often trade differently than fee simple Bojangles assets. Buyers should carefully evaluate lease structure, franchisee credit quality, remaining term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
Bojangles – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
| TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
Bojangles Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Bojangles Investor Snapshot (Quick Facts)
Origins & Growth (Past)
- Founded in 1977 in Charlotte
- Built around Southern-style chicken and biscuits
- Expanded across the Southeastern United States
- Grew through corporate and franchise development
- Added drive-thru and mobile ordering capabilities
- Became a well-known regional QSR brand
Where Bojangles Stands Today
- Expanding Southeastern and national restaurant footprint
- Strong regional quick-service restaurant brand
- High drive-thru and takeout customer demand
- Mix of corporate and franchise-operated locations
- Expanding digital ordering platforms
- Focus on operational efficiency and franchise growth
Where Bojangles Stands Today
- More digital ordering adoption
- Increased operational efficiency
- Growth in drive-thru and delivery demand
- Stronger customer engagement
- Expanding restaurant footprint
- Focus on franchise growth
- Benefiting from QSR demand trends
Why investors buy Bojangles NNN Properties or Bojangles ground Lease Properties?
Pros (what buyers like)
- Strong Regional Brand Recognition
Well-known quick-service restaurant brand with loyal customer base - Drive-Thru Focused Model
Strong consumer demand for convenient drive-thru dining - Growing QSR Sector
Benefits from recurring demand in the quick-service restaurant industry - Attractive Real Estate Locations
Often positioned on high-traffic retail corridors and signalized intersections - Passive Lease Structures
Long-term NNN or ground leases appeal to passive and 1031 buyers
Cons (what can bite you)
- Franchisee Credit Risk
Many locations are franchise-operated rather than corporate-guaranteed - Lease Structure Variability
Some assets are NN or modified NNN with landlord responsibilities - Limited Rent Growth
Some leases contain minimal or infrequent rent escalations - Regional Concentration Risk
Brand strength may be concentrated in Southeastern markets - Re-Tenanting Challenges
Restaurant-specific layouts may limit future tenant flexibility
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Bojangles Net Lease
• 10–15+ years term remaining (or shorter term with strong options) • Absolute NNN or clean NNN lease structure • Strong franchise or corporate operator • Prime retail corridor with strong visibility and access • Modern drive-thru format with consistent customer traffic • Rent aligned with market fundamentals, supporting resale potential
02
⚠ Yellow Flags (Price Accordingly)
• NN lease (not true NNN) with landlord responsible for roof, structure, or parking lot • Flat rent with limited or no rent escalations • Weak or undercapitalized franchise operator • Older or outdated restaurant format with renovation risk • Non-prime location with weak visibility or access • Regional market concentration with limited national exposure • Restaurant-specific layout that may limit future re-tenanting flexibility
Find out more
Bojangles Background & History
Bojangles is a nationally recognized quick-service restaurant brand best known for its Southern-style fried chicken, biscuits, and breakfast-focused menu. What began as a regional restaurant concept evolved into a growing quick-service chain with locations concentrated throughout the Southeastern United States and expanding into new markets nationwide.
Over time, the company built a strong customer following through drive-thru convenience, value-oriented menu offerings, and a loyal regional customer base. Today, customers rely on Bojangles locations for convenient breakfast, lunch, and dinner options supported by strong brand familiarity and repeat traffic.
As consumer preferences have shifted toward convenience and off-premise dining, the company has adapted through digital ordering platforms, drive-thru optimization, delivery partnerships, and operational efficiencies designed to support higher transaction volumes.
Why Bojangles Matters to NNN Investors
Bojangles operates a growing quick-service restaurant platform centered on recurring consumer demand, drive-thru convenience, and locations positioned along major retail corridors and suburban trade areas. The business model benefits from strong breakfast traffic, loyal regional customers, and consistent demand within the QSR sector.
Many Bojangles locations feature drive-thru access, strong visibility, and convenient ingress and egress, which help support steady daily customer traffic. In addition, the company continues expanding through franchise growth, operational improvements, and digital engagement initiatives.
This focus on convenience-oriented dining helps explain why Bojangles remains attractive to many net lease investors as consumer demand continues shifting toward quick-service and drive-thru restaurant formats.
What Buyers and Sellers Should Evaluate
For investors evaluating Bojangles NNN properties, a Bojangles net lease, or a Bojangles ground lease, the investment thesis is typically centered on franchise operator quality, real estate fundamentals, and long-term site performance. As a result, buyers often place greater emphasis on lease structure, operator financial strength, and trade area demographics than on brand recognition alone.
Common searches include Bojangles real estate, Bojangles cap rate, Bojangles lease term, Bojangles franchisee credit, and restaurant sales performance. Ultimately, Bojangles net lease value is driven by site-specific factors, lease economics, franchise operator quality, and the long-term viability of the location within its market.
As quick-service dining continues evolving toward convenience, delivery, and digital ordering, the strongest Bojangles locations tend to be those with modern drive-thru formats, strong traffic counts, dense surrounding populations, and durable customer demand. Buyers and sellers should evaluate each property individually, including visibility, access, nearby competition, trade area growth, and lease language outlining landlord responsibilities.
In addition, investors should consider long-term cash-flow durability, franchise renewal probability, local market trends, and how the property may perform across different hold periods and exit strategies.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Bojangles ground lease properties or fee simple Bojangles assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.