Bojangles - Memphis, TN

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present for sale the single-tenant Bojangles in Memphis, TN (the “Property” or “Asset”). Bojangles (the “Tenant’) opened at this location in December 2025 and operates on a 15-year Ground Lease with 10% rent increases every five-years, four option periods, and a corporate guaranty. The Asset sits on an outparcel of Eastgate Shopping Center, a thriving retail center with more than 4 million annual visits and ranks in the top 7% of most frequented shopping centers nationally. Located 15-minutes east of downtown Memphis, the Asset is situated within one of the most coveted pockets in the metro region where AHHI’s exceed $130,000. The main campus of the University of Memphis is less than 2-miles from the Property and enrolls more than 20,000 full-time students. Several notable developments surround the Property, including the 240 Flats, a Class-A apartment complex totaling 153 units as well as a major office sub-market that boasts a daytime population exceeding 16,000 workers within 1-mile.

Memphis has emerged as an economic powerhouse, driven by substantial corporate capital and its position as a critical logistics hub for national commerce. The metropolitan area's industrial expansion, ambitious infrastructure development, and growing employment opportunities are delivering results that exceed expectations for comparable mid-tier markets. Real estate investors are taking notice of the fundamentals: accelerating employment gains, suburban population growth, and robust demand for quality single-family rental properties creating attractive investment conditions.

This offering presents an opportunity to acquire a high demand Asset occupied by a leading QSR brand on a long-term, corporate backed lease with zero landlord responsibilities.