Zaxby's

7541 Highway 85, Riverdale, GA 30296

$3,104,550

Cap Rate 6.35%

Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $3,104,550	Built/Renov 2010	Tenant Zaxby's
Cap Rate 6.35%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,629	Lease Start 09-17-2015	#Units 18
Price/SF $855.48	Expiration 09-30-2030	Tenant Type Fast Casual/Rest.
NOI $197,138	R. Term 5.4	Ownership Fee Simple
Rent/SF $54.32	Increases 1.3%/1/yrs	Pop 5Mi 188,329
Lot/AC 0.79	Options 4/5yrs	AHHI 5Mi $71,897

Lease Highlights

Operating since 2010, this Zaxby‘s is a proven location with strong store sales and a healthy rent-to-sales-ratio
Zaxby’s absolute NNN lease features 6+ years of term remaining with 4 (5-year) renewal options
The lease boasts rare 1.25% annual rent increases throughout the remainder of the term and renewal options
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 strategically located along Highway 85, with a high daily traffic count of 45,500 vehicles, just a short distance from its intersection with Highway 138 (25,800 VPD). The property is positioned as an outparcel to the Riverdale Crossing shopping center, anchored by Little Giant Farmers Market and featuring Truist, H&R Block, Balloons Confection Paradise, Mr. Crab, and more. Zaxby’s...

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Key Features

In location for years
High traffic 50M+ VPD
Dense retail corridor
Shopping Ctr out-parcel
Highway location
Top 100 MSA
Strong sales history
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Zaxby's Wikipedia Zaxby's Wikipedia Riverdale, Georgia Zip Code 30274 Broker Site Page

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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 :	9,607	80,292	191,408
2023 Total Population :	9,538	79,654	188,329
2023 Employed Civilian Pop :	4,517	37,693	89,324
2023 Total Businesses :	313	1,818	5,243
2023 Average Household Income :	$ 64,465	$ 69,560	$ 71,897
2023 Total Consumer Spending :	$ 202 M	$ 1763 M	$ 4383 M
2023 Median Age :	32	34	34
2023 Total Households :	3,586	28,933	69,449
2023 Pop Age 25+: Bachelor's Degree :	783	7,217	18,369
2023 Average Home Value :	$ 189,009	$ 205,272	$ 219,554

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Rte 138	Windermere Dr	2005	28,310	0.43 mi
Dexter Drive	Soapstone Ln	2021	200	0.58 mi
Paul St	Innes St	2005	410	0.59 mi
Taylor Rd	Summit Ln	2003	32,270	0.72 mi
State Rte 85	Lamar Hutcheson Pkwy	2013	42,500	0.73 mi
GA 138	Taylor Rd	2021	28,500	0.81 mi
State Rte 138	Taylor Rd	2018	26,000	0.81 mi
US 411	Grayson Dr	2019	26,500	0.84 mi
GA 138	Old Hwy 138	2021	25,200	0.84 mi
Taylor Rd	Taylor Cir	2013	7,480	0.87 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
26367 Views
79 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
25680 Views
76 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

135 Listings
26547 Views
78 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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