Charleston, SC (April 20, 2017) – Sands Investment Group (SIG), one of the fastest growing net lease firms in the nation, has announced the final sale for the last two parcels in a five-unit portfolio of Bojangles’ Famous Chicken ‘n Biscuits located in Georgia and South Carolina on behalf of the seller GTCSRA Inc.
The recent transactions include a Bojangles’ located at 1010 Edgefield Road in North Augusta, South Carolina for $2.7 million at a 6.5% cap rate. The firm also closed on a Bojangles’ located at 3705 Mike Padgett Highway in Augusta, Georgia for $3.05 million at a 6.6% cap rate.
The two sales follow the completion in 2016 of three additional Bojangle’s properties that include:
- $2,580,059 sale of a newly-constructed Bojangles’ Famous Chicken ‘n Biscuits located on 100 E. Hugh Street in North Augusta, South Carolina
- $2,479,911 sale of a Bojangles’ Famous Chicken ‘n Biscuits located at 5105 Wrightsboro Road in Grovetown , Georgia
- $2,762,479 sale of a Bojangles’ Famous Chicken ‘n Biscuits located at 3360 Wrightsboro Road in Augusta, Georgia
Doug Roland and Chris Sands of SIG represented the Seller, GTCSRA Inc.
“All of these were developed and sold by the same developer who brought SIG on board to market and sell the properties in order to generate capital to expand the franchisee’s program into new markets,” said Roland.