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Views: 104 DOM: 215 Updated: 10.10.24 Posted: 04.22.24 Status: Active

Summary

Price $4,312,000
Built/Renov 2006/2026
Tenant Zaxby's
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,460
Lease Start 03-01-2024
#Units 20
Price/SF $1,752.85
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $269,471
R. Term 19.5
Ownership Fee Simple
Rent/SF $109.54
Increases 10.0%/5/yrs
Pop 5Mi 63,001
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $67,880

Lease Highlights

  • Zaxby’s recently executed a brand-new 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases 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 backed)

Location Description

Zaxby’s is strategically located on McCrays Mill Rd, with access to 14,100 vehicles passing by daily. The property is within walking distance of Sumter High School, serving 2,306 students, as well as Walmart Neighborhood Market, Food Lion, Chick-fil-A, McDonald’s, Scooter’s Coffee, and more. The 5-mile trade area is supported by a population of 63,001 residents with an average household income...

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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 : 4,871 36,588 63,129
2023 Total Population : 4,889 36,528 63,001
2023 Employed Civilian Pop : 1,951 14,574 24,692
2023 Total Businesses : 102 1,387 2,351
2023 Average Household Income : $ 72,269 $ 70,479 $ 67,880
2023 Total Consumer Spending : $ 124 M $ 916 M $ 1521 M
2023 Median Age : 41 42 39
2023 Total Households : 1,988 14,992 25,672
2023 Pop Age 25+: Bachelor's Degree : 456 4,918 7,304
2023 Average Home Value : $ 175,522 $ 193,720 $ 189,628
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pinewood Road Columbia Cir 2022 22,400 0.35 mi
Pinewood Road Henrietta St 2021 20,500 0.35 mi
Lynam Road Fontana Dr 2021 4,600 0.42 mi
Lynam Road Loring Mill Rd 2022 5,700 0.42 mi
McCrays Mill Road Lynam Rd 2022 14,300 0.46 mi
Pinewood Rd 2004 12,900 0.65 mi
Wedgefield Road Wildwood Ave 2022 14,400 0.83 mi
Lewis Road Club Ln 2021 6,500 0.86 mi
Lewis Road Club Ln 2022 6,300 0.86 mi
West Oakland Avenue Woodside Rd 2021 2,500 0.88 mi

Listing Broker

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