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| Price $3,779,000 | Built/Renov 2016 | Tenant Zaxby's |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,683
| Lease Start
03-01-2024
| #Units
925
|
| Price/SF $1,026.07 | Expiration
03-01-2038
| Tenant Type Fast Casual/Rest. |
| NOI $207,872 | R. Term 13.2 | Ownership Fee Simple |
| Rent/SF
$56.44
| Increases 2.0%/1/yrs | Pop 5Mi 103,055 |
| Lot/AC 0.90 | Options 4/5yrs/2% | AHHI 5Mi $108,956 |
| | |
Zaxby’s is located along FL-50, which averages 56,500 vehicles passing by daily and is a major retail thoroughfare serving the city of Clermont (Orlando MSA). The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The asset is located just down the road from Clermont Town Center, a...
...Hard corner intersection
High traffic 50M+ VPD
Major thoroughfare
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
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”...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,447 | 69,733 | 116,998 |
| 2023 Total Population : | 5,571 | 62,256 | 103,055 |
| 2023 Employed Civilian Pop : | 2,772 | 29,181 | 49,321 |
| 2023 Total Businesses : | 421 | 2,194 | 3,206 |
| 2023 Average Household Income : | $ 105,737 | $ 103,320 | $ 108,956 |
| 2023 Total Consumer Spending : | $ 183 M | $ 2096 M | $ 3602 M |
| 2023 Median Age : | 41 | 40 | 41 |
| 2023 Total Households : | 2,014 | 23,666 | 38,658 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,110 | 9,693 | 16,908 |
| 2023 Average Home Value : | $ 318,534 | $ 347,727 | $ 369,126 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Legends Way | Paloma Rd | 2022 | 3,900 | 0.07 mi |
| Hooks St | Holly Berry Cr | 2012 | 6,624 | 0.35 mi |
| Citrus Tower Blvd | Hunt TrceBlvd | 2012 | 13,398 | 0.36 mi |
| Hooks St | Paloma Rd | 2012 | 3,673 | 0.38 mi |
| Citrus Tower Boulevard | Hooks St | 2022 | 12,300 | 0.43 mi |
| Citrus Tower Boulevard | Hunt TrceBlvd | 2021 | 12,100 | 0.43 mi |
| East Highway 50 | Helen St | 2022 | 49,500 | 0.45 mi |
| Paloma Rd | 2022 | 66,000 | 0.56 mi | |
| FL 50 | N Hancock Rd | 2021 | 62,000 | 0.56 mi |
| Oakley Seaver Drive | N Hancock Rd | 2022 | 4,200 | 0.57 mi |
Concord, NC
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Springdale, AR
Cap Rate 5.30%
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Pensacola, FL
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Warwick, RI
Cap Rate 4.65%
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Manchester, NH
Cap Rate 4.60%
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Wadsworth, OH
Cap Rate 5.00%
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Louisville, KY
Cap Rate 5.13%
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Kennesaw, GA
Cap Rate 5.00%
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Schaumburg, IL
Cap Rate 6.00%
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Arlington, TX
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.11 yrs
Size/SF 2,325
Cincinnati, OH
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 3,900
Vineland, NJ
Cap Rate 5.10%
Lease NN+
R. Term 14.60 yrs
Size/SF 2,325
Lecanto, FL
Cap Rate 4.70%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 3,500
Conroe, TX
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.90 yrs
Size/SF 2,325
Tampa, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 2,500
Tampa, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 2,500
Amherst, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.00 yrs
Size/SF 5,687
Bellflower, CA
Cap Rate 5.10%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 2,500
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
