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Views: 167 DOM: 475 Updated: 10.28.24 Posted: 08.16.23 Status: Active

Summary

Price $2,487,000
Built/Renov 1970/2004
Tenant Zaxby's
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,799
Lease Start 05-26-2022
#Units 19
Price/SF $888.53
Expiration 05-31-2042
Tenant Type Fast Casual/Rest.
NOI $155,455
R. Term 17.6
Ownership Fee Simple
Rent/SF $55.54
Increases 2.0%/1/yrs
Pop 5Mi 124,828
Lot/AC 0.67
Options 4/5yrs/2%
AHHI 5Mi $115,941

Lease Highlights

  • Zaxby’s has 18+ years remaining in their current term with 4 (5-year) options to extend
  • Lease features 2% annual rent Increases beginning in year 7 of the initial term and throughout each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by an experienced franchise operating 19 units

Location Description

Zaxby’s is strategically situated at the signalized, hard corner intersection of Montclair Road and Oporto Madrid Boulevard which averages over 37,000 vehicles passing per day. The subject property is adjacent to Eastwood Village, a 350,000 SF community center that’s home to Walmart Supercenter, Ross Dress for Less, Office Depot, Michaels, Walgreens, and more. Other nearby national/credit...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Zaxby's
  • Guarantor:Franchisee
  • Company:Credit to Chicken, LLC
  • # Units:19
  • Stock:Private

About Tenant

Zaxby's is an 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 : 7,752 54,315 126,780
2023 Total Population : 7,886 54,922 124,828
2023 Employed Civilian Pop : 4,425 26,436 61,242
2023 Total Businesses : 304 1,952 8,687
2023 Average Household Income : $ 94,305 $ 115,685 $ 115,941
2023 Total Consumer Spending : $ 300 M $ 2300 M $ 5293 M
2023 Median Age : 41 42 39
2023 Total Households : 3,672 23,204 53,100
2023 Pop Age 25+: Bachelor's Degree : 1,958 11,046 24,733
2023 Average Home Value : $ 317,325 $ 399,398 $ 419,060
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Oporto Madrid Boulevard South Loring Ave 2021 5,232 0.08 mi
Montclair Road Bankhead Ct 2020 11,479 0.24 mi
Montclair Road Wildoak Dr 2021 11,479 0.24 mi
Montevallo Road Chestnut St 2019 5,545 0.25 mi
Montclair Road John Wesley Dr S 2019 15,950 0.27 mi
Montclair Road Beech Cir 2021 14,984 0.27 mi
Montclair Road Ross Dr 2020 14,984 0.27 mi
Crestwood Boulevard Crestwood Blvd 2019 24,407 0.35 mi
Crestwood Boulevard Exeter Ave 2020 22,850 0.37 mi
Crestwood Boulevard 51st St S 2021 22,850 0.37 mi

Listing Broker

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