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Views: 96 DOM: 138 Updated: 08.12.24 Posted: 04.22.24 Status: Contract

Summary

Price $3,051,000
Built/Renov 2004
Tenant Zaxby's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,706
Lease Start 03-01-2024
#Units 20
Price/SF $823.26
Expiration 04-30-2044
Tenant Type Fast Casual/Rest.
NOI $183,065
R. Term 19.8
Ownership Fee Simple
Rent/SF $49.40
Increases 10.0%/5/yrs
Pop 5Mi 101,312
Lot/AC 1.18
Options 4/5yrs/10%
AHHI 5Mi $81,226

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
  • Absolute NNN | Zero landlord responsibilities
  • Strong sales & healthy rent-to-sales ratio | Speak with Agent for details
  • Lease guaranteed by Guernsey Holdings (20 units backed)

Location Description

Zaxby’s is strategically located on Dick Pond Rd, with access to 34,700 vehicles passing by daily. The property functions as an outparcel to South Strand Commons, a power center anchored by Lowe’s, Kohl’s, and Lowes Foods. Additionally, it is walking distance of SayeBrook Town Center, a Target-anchored shopping center, Surfside Commons, a Walmart Supercenter-anchored shopping center, and...

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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 : 4,824 56,940 108,794
2023 Total Population : 4,332 52,562 101,312
2023 Employed Civilian Pop : 1,704 21,497 43,746
2023 Total Businesses : 269 1,763 3,117
2023 Average Household Income : $ 93,589 $ 82,925 $ 81,226
2023 Total Consumer Spending : $ 162 M $ 1693 M $ 3209 M
2023 Median Age : 47 43 46
2023 Total Households : 2,006 23,584 45,486
2023 Pop Age 25+: Bachelor's Degree : 464 7,887 14,567
2023 Average Home Value : $ 248,481 $ 275,462 $ 264,802
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Mark Garner Highway Brookton Cir 2022 44,100 0.61 mi
Dick Pond Road Hidden Woods Dr 2022 30,500 1.00 mi
US Hwy 17 Byp Dick Pond Rd 2010 41,700 1.28 mi
Prestwick Club Drive Royal Devon Dr 2022 2,000 1.60 mi
US Hwy 17 Byp Sutter Dr 2019 38,400 1.60 mi
SC 707 Portsmith Dr 2021 22,900 1.61 mi
Hidden Woods Dr 2022 20,200 1.61 mi
Dick Pond Road Crooked Pine Dr 2022 27,800 1.74 mi
Palmetto Pointe Boulevard Ridge Dr 2021 8,300 1.96 mi
17th Avenue North Neptune Rd 2021 1,050 2.26 mi

Listing Broker

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