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Views: 91 DOM: 213 Updated: 06.03.24 Posted: 04.22.24 Status: Active

Summary

Price $3,251,000
Built/Renov 1965/2025
Tenant Zaxby's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,382
Lease Start 03-01-2024
#Units 20
Price/SF $1,364.82
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $195,071
R. Term 19.5
Ownership Fee Simple
Rent/SF $81.89
Increases 10.0%/5/yrs
Pop 5Mi 139,485
Lot/AC 0.62
Options 4/5yrs/10%
AHHI 5Mi $70,908

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 plans to completely scrape and rebuild the building within the next 12-18 months | Speak with Agent for details
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Guernsey Holdings (20 units)

Location Description

Zaxby's is strategically located on Knox Abbott Drive, with access to 22,450 vehicles passing by daily. The property is situated a couple of blocks from Brookland Cayce High School, serving 1,158 students. Additionally, it is within walking distance of Parkland Plaza, which is a Food Lion and Planet Fitness-anchored shopping center. Founders Park is also nearby, serving as the home of the...

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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 : 8,661 65,694 143,360
2023 Total Population : 8,424 63,810 139,485
2023 Employed Civilian Pop : 4,214 28,940 65,347
2023 Total Businesses : 658 4,884 8,487
2023 Average Household Income : $ 68,734 $ 67,915 $ 70,908
2023 Total Consumer Spending : $ 265 M $ 1676 M $ 3922 M
2023 Median Age : 33 29 33
2023 Total Households : 4,385 28,080 63,126
2023 Pop Age 25+: Bachelor's Degree : 1,292 9,250 21,818
2023 Average Home Value : $ 263,973 $ 227,652 $ 253,093
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
9th Street Indigo Ave 2022 1,500 0.08 mi
9th Street F Ave 2021 3,600 0.09 mi
Knox Abbott Drive 7th St Exd 2022 26,600 0.33 mi
State Street Indigo Ave 2022 7,200 0.40 mi
State Street Ct Ave 2022 7,700 0.45 mi
State Street Knox Abbott Dr 2021 6,800 0.45 mi
Poplar Street State St 2022 250 0.46 mi
Poplar Street 8th St 2021 200 0.46 mi
12th Street F Ave 2022 14,000 0.47 mi
12th Street M Ave 2021 13,000 0.48 mi

Listing Broker

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