Zaxby's

7149 Mount Zion Boulevard, Jonesboro, GA 30236

$2,936,250

Cap Rate 6.00%

Views: 84 Updated: 10.28.23 Posted: 10.28.23 Status: Inactive

Summary

Price $2,936,250	Built/Renov 2006	Tenant Zaxby's
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,440	Lease Start 04-01-2023	#Units 18
Price/SF $853.56	Expiration 03-31-2033	Tenant Type Fast Casual/Rest.
NOI $176,175	R. Term 8.3	Ownership Fee Simple
Rent/SF $51.21	Increases 1.3%/1/yrs	Pop 5Mi 184,013
Lot/AC 0.72	Options 1/10yrs/1.25%	AHHI 5Mi $75,878

Lease Highlights

Operating since 2015, 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 renewal option
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 positioned on a hard corner at the signalized junction of Spring Lane and Mt. Zion Boulevard, where the combined daily traffic count reaches 35,400 vehicles. This prime location offers excellent convenience, with its proximity to the intersection of Mt. Zion Road (22,700 VPD), and its location just half a mile from Interstate 75 (154,000 VPD). Additionally, the...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strong tenant synergy
Top 100 MSA
Recently extended lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Zaxby's Wikipedia Zaxby's Wikpedia Jonesboro, Georgia Zip Code 30236 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 :	5,590	73,685	186,947
2023 Total Population :	5,292	72,904	184,013
2023 Employed Civilian Pop :	2,921	34,199	86,550
2023 Total Businesses :	275	2,107	4,843
2023 Average Household Income :	$ 79,270	$ 75,164	$ 75,878
2023 Total Consumer Spending :	$ 171 M	$ 1732 M	$ 4375 M
2023 Median Age :	33	34	34
2023 Total Households :	2,443	26,256	65,770
2023 Pop Age 25+: Bachelor's Degree :	676	6,535	17,562
2023 Average Home Value :	$ 156,917	$ 210,297	$ 217,671

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Mount Zion Road	Corporate Center Dr	2021	21,800	0.21 mi
Mount Zion Road	Alma Ct	2019	23,900	0.21 mi
Mount Zion Circle	Candler Ct	2021	2,010	0.28 mi
Mount Zion Blvd	Mount Zion Pkwy	2013	32,690	0.33 mi
Mount Zion Boulevard	Mount Zion Pkwy	2021	43,500	0.36 mi
Mount Zion Boulevard		2019	34,800	0.36 mi
Mount Zion Pkwy	Mount Zion Blvd	2021	6,280	0.38 mi
	Mount Zion Blvd	2021	4,460	0.45 mi
Adamson Rd	Wendy Jean Dr	2021	6,460	0.46 mi
	Mount Zion Blvd	2018	4,960	0.49 mi

Listing Broker

Chris Bosworth

CBRE: NLPG Atlanta

Contact

133 Listings
16825 Views
62 Sold

Brian Pfohl

CBRE: NLPG Atlanta

Contact

132 Listings
16975 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

135 Listings
16977 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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