Bojangles Ground Lease | Richmond, TX (15 Year Term)
Sands Investment Group is Pleased to Present Exclusively For Sale the 15-Year Bojangles Ground Lease Located at Waterview Town Center in Richmond, TX. This Deal Includes a Fresh 15-Year Triple Net (NNN) Ground Lease Which is Personally Guaranteed By a Franchisee That Owns More Than 30+ Units, Providing For and Steady Growing Cash Flow in the Dominant Retail Corridor of Richmond, TX. Tenant is Already Paying Rent as of August 2, 2023.
- New Construction Bojangles With Fresh 15-Year Triple Net (NNN) Ground Lease
- Personally Guaranteed By Franchisee That Owns More Than 30+ Units
- Lease Includes 10% Rent Escalations Every 5 Years With 3 x 5 Year Options to Extend
- Tenant is Already Paying Rent as of August 2, 2023
- Easy Access to Grand Parkway (99) – Waterview Meadow Dr. Has Direct Access to the Grand Parkway Less Than 1/4-Mile From Western Center
- Fort Bend County is the 4th Largest Population Gaining County and the Nation From July 2020 to July 2021, 5th in the Nation and 4th in Texas For Incoming Investment, 2nd in Texas and 5th in the U.S. For Purchasing Power, and How Etc 4 of the Nation’s Top 35 Best-Selling Master-Planned Communities
- Superior Demographics With an Average Household Income of $125,000+ (Within a 3-Mile Radius) Which is About 2x the National Average
- Located in the Main Retail Corridor, Surrounded By HEB, Target, New 3.7 Million SF of Amazon Distribution Center, LA Fitness, at Home, Echelon on 99 (265 Units), the Waterview Apartments (295 Units), Academy Sports + Outdoors, Chipotle, Chick-fil-A and Many More
- 928 Planned and Existing Apartment Units Within a Half Mile of the Site
- Amazon Fulfillment Center Employs ~3,000 People
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
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