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Views: 83 DOM: 147 Updated: 09.04.24 Posted: 04.22.24 Status: Active

Summary

Price $3,946,000
Built/Renov 2004/2020
Tenant Zaxby's
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,356
Lease Start 03-01-2024
#Units 20
Price/SF $1,175.80
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $246,636
R. Term 19.7
Ownership Fee Simple
Rent/SF $73.49
Increases 10.0%/5/yrs
Pop 5Mi 77,789
Lot/AC 1.04
Options 4/5yrs/10%
AHHI 5Mi $97,395

Lease Highlights

  • 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
  • Tenant has plans for a large-scale, exterior remodel within the next 24 months | Speak with Agent for details
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Guernsey Holdings (20 units)

Location Description

Zaxby’s is strategically located on Garners Ferry Rd, with access to 30,800 vehicles passing by daily. The property is an outparcel to a Walmart Supercenter-anchored shopping center, featuring other well-known national tenants including Sally Beauty, McDonald’s, Jersey Mike’s, Pizza Hut, and more. Additionally, it is within walking distance to East Pointe Plaza, another Walmart...

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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 : 7,628 33,758 79,430
2023 Total Population : 7,377 32,925 77,789
2023 Employed Civilian Pop : 3,580 14,917 37,383
2023 Total Businesses : 252 990 2,386
2023 Average Household Income : $ 73,142 $ 88,192 $ 97,395
2023 Total Consumer Spending : $ 219 M $ 1078 M $ 2634 M
2023 Median Age : 31 37 33
2023 Total Households : 3,381 14,043 31,195
2023 Pop Age 25+: Bachelor's Degree : 878 5,755 14,323
2023 Average Home Value : $ 147,046 $ 266,529 $ 314,109
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pineview Road Garners Ferry Rd 2022 13,800 0.47 mi
Garners Ferry Road Daphne Rd 2021 34,700 0.51 mi
Hallbrook Drive Colonial Commons Ln 2022 5,000 0.56 mi
Hallbrook Drive Ronson Dr 2021 4,300 0.56 mi
Universal Drive Skylark Dr 2022 2,100 0.83 mi
Universal Drive Garners Ferry Rd 2021 2,000 0.83 mi
Hazelwood Road Ashewood Lake Dr 2022 5,300 0.83 mi
Atlas Rd Greenlawn Dr 2018 8,600 0.84 mi
Atlas Road Preston Green Ct 2022 7,800 0.86 mi
Garners Ferry Road Pineview Rd 2022 39,400 0.88 mi

Listing Broker

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