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Views: 98 DOM: 149 Updated: 08.07.24 Posted: 04.22.24 Status: Contract 09.04.24

Summary

Price $4,167,000
Built/Renov 2023
Tenant Zaxby's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,034
Lease Start 03-01-2024
#Units 20
Price/SF $1,373.43
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $250,000
R. Term 19.7
Ownership Fee Simple
Rent/SF $82.40
Increases 10.0%/5/yrs
Pop 5Mi 60,216
Lot/AC 1.40
Options 4/5yrs/10%
AHHI 5Mi $68,761

Lease Highlights

  • Brand-new 2023 construction
  • Zaxby’s recently executed a brand-new 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Strong sales & healthy rent-to-sales ratio | Speak with Agent for details
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Guernsey Holdings (20 units backed)

Location Description

Zaxby’s is strategically located on Broad Street, with access to 28,200 vehicles passing by daily. The property is situated within a superb retail corridor, within walking distance of Sumter Mall, Wesmark Plaza, Sumter Square, Gateway Plaza, a Walmart Supercenter, Lowe’s, and more. Additionally, it is in close proximity to the University of South Carolina-Sumter, with an enrollment of 1,387...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Zaxby's is a privately held, American chain of fast-casual restaurants offering chicken wings, chicken fingers, sandwiches, salads, and nine signature sauces, including their famous “Zax”...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,183 31,925 60,452
2023 Total Population : 4,207 31,582 60,216
2023 Employed Civilian Pop : 1,738 12,163 23,487
2023 Total Businesses : 491 1,540 2,359
2023 Average Household Income : $ 58,973 $ 71,335 $ 68,761
2023 Total Consumer Spending : $ 102 M $ 820 M $ 1482 M
2023 Median Age : 41 40 39
2023 Total Households : 1,979 13,177 24,707
2023 Pop Age 25+: Bachelor's Degree : 567 4,149 6,745
2023 Average Home Value : $ 146,697 $ 210,847 $ 191,184
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Broad St W Wesmark Blvd 2018 28,800 0.15 mi
Broad Street Douglas Ave 2022 22,000 0.27 mi
North Guignard Drive W Wesmark Blvd 2021 4,700 0.27 mi
S Pike West Camden Hwy 2022 6,800 0.28 mi
Wesmark Boulevard Rast St 2022 4,000 0.31 mi
Robert E Graham Freeway Camden Hwy 2022 13,900 0.34 mi
N Pike West Floride St 2021 4,000 0.35 mi
N Pike W Camden Hwy 2010 4,200 0.36 mi
West Wesmark Boulevard Wesmark Ct 2022 10,400 0.37 mi
West Wesmark Boulevard Alice Dr 2021 11,800 0.38 mi

Listing Broker

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