Zaxby's

2530 Flat Shoals Road, College Park, GA 30349

$2,835,000

Cap Rate 6.00%

Views: 89 Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $2,835,000	Built/Renov 2007	Tenant Zaxby's
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,602	Lease Start 07-01-2017	#Units 18
Price/SF $787.06	Expiration 03-31-2033	Tenant Type Fast Casual/Rest.
NOI $170,100	R. Term 8.6	Ownership Fee Simple
Rent/SF $47.22	Increases 1.3%/1/yrs	Pop 5Mi 152,860
Lot/AC 1.15	Options 1/10yrs/1.25%	AHHI 5Mi $72,068

Lease Highlights

Operating since 2007, Zaxby’s recently extended its lease through 2033
Zaxby’s absolute NNN lease features 9+ years of term remaining with 1 (10-year) renewal option
The lease boasts rare 1.25% annual rent increases throughout the remainder of the term and in option period
SJAC Food Groups is currently an 18-unit operator of Zaxby’s restaurants with 9 locations in Georgia and 9 locations in Oklahoma

Location Description

Zaxby's is situated on Flat Shoals Road, with a daily traffic count of 16,400 vehicles, just a short distance from its intersection with Old National Highway, where traffic reaches 42,500 VPD. It is located 2.6 miles to the east of the Interstate 85 on-ramp (167,000 VPD), and 2.4 miles south of the Interstate 285 on-ramp (151,000 VPD). The property is strategically positioned as an out parcel...

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Key Features

In location for years
Dense retail corridor
WalMart out-parcel
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Recently extended lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Zaxby's Wikipedia Zaxby's Wikipedia College Park, Georgia Zip Code 30349 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Zaxby's
Guarantor:Franchisee
Company:SJAC Food Groups
# Units:18
Stock:Private

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 :	11,428	72,532	156,648
2023 Total Population :	11,218	70,671	152,860
2023 Employed Civilian Pop :	5,129	34,676	74,333
2023 Total Businesses :	273	1,592	4,491
2023 Average Household Income :	$ 88,501	$ 74,614	$ 72,086
2023 Total Consumer Spending :	$ 318 M	$ 1736 M	$ 3712 M
2023 Median Age :	36	34	34
2023 Total Households :	4,144	26,559	58,681
2023 Pop Age 25+: Bachelor's Degree :	1,561	9,141	17,387
2023 Average Home Value :	$ 205,190	$ 235,979	$ 244,312

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Flat Shoals Rd	Hillandale Dr SW	2013	14,000	0.33 mi
Flat Shoals Rd	Dunbritan Ln	2013	11,430	0.35 mi
Flat Shoals Road	Dunbritan Ln	2018	13,400	0.41 mi
Old National Hwy	Sheriff Rd SW	2013	36,490	0.46 mi
Flat Shoals Road	Harper Valley Dr SW	2018	15,700	0.51 mi
Flat Shoals Road		2019	15,800	0.51 mi
Knighton Drive Southwest	Sandgate Cir SW	2021	410	0.52 mi
Carriage Ln	Old Carriage Dr SW	2013	780	0.56 mi
Old National Highway	Burdett Rd SW	2018	41,200	0.65 mi
Old National Highway	Garnet Ave	2021	40,800	0.65 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

123 Listings
12159 Views
62 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

123 Listings
12310 Views
60 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLPG Atlanta

Contact

125 Listings
12348 Views
63 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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