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Views: 85 DOM: 147 Updated: 09.04.24 Posted: 04.22.24 Status: Active

Summary

Price $3,945,000
Built/Renov 2005/2026
Tenant Zaxby's
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,607
Lease Start 03-01-2024
#Units 20
Price/SF $1,513.23
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $246,575
R. Term 19.7
Ownership Fee Simple
Rent/SF $94.58
Increases 10.0%/5/yrs
Pop 5Mi 19,970
Lot/AC 0.99
Options 4/5yrs/10%
AHHI 5Mi $78,591

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 | Zero landlord responsibilities
  • Lease guaranteed by Guernsey Holdings (20 units backed)

Location Description

Zaxby’s is strategically located on South 4th Street, with access to 14,000 vehicles passing by daily. The property functions as an outparcel to a Walmart Supercenter-anchored shopping center, surrounded by well-known national tenants including Sally Beauty, McDonald’s, Jersey Mike’s, among others. Additionally, it is within walking distance of Hartsville Mall, anchored by Belk and Rose’s...

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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 : 1,835 11,786 19,582
2023 Total Population : 1,866 12,005 19,970
2023 Employed Civilian Pop : 634 4,687 7,997
2023 Total Businesses : 215 703 800
2023 Average Household Income : $ 46,164 $ 74,449 $ 78,591
2023 Total Consumer Spending : $ 33 M $ 325 M $ 571 M
2023 Median Age : 34 40 42
2023 Total Households : 812 4,937 8,255
2023 Pop Age 25+: Bachelor's Degree : 156 1,433 2,536
2023 Average Home Value : $ 103,581 $ 186,923 $ 189,525
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Marquis Highway S 4th St 2021 5,700 0.43 mi
Washington Avenue S 4th St 2022 4,800 0.45 mi
South 4th Street Berkley Ave 2022 12,800 0.57 mi
South 4th Street Darlington Ave 2021 12,000 0.57 mi
Darlington Avenue S 4th St 2022 2,800 0.67 mi
South 5th Street Russell Rd 2021 8,300 0.69 mi
Swift Creek Road Dove St 2022 1,300 0.71 mi
South 6th Street Pleasant Ln 2022 3,400 0.78 mi
Chesterfield Street Elm St 2022 250 0.84 mi
South 5th Street E Camden Ave 2022 12,400 0.88 mi

Listing Broker

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