Zaxby's

5881 Trussville Crossings Parkway, Birmingham, AL 35235

$2,826,000

Cap Rate 6.25%

DOM: 634 Updated: 10.28.24 Posted: 08.16.23 Status: Active

Summary

Price $2,826,000	Built/Renov 2006	Tenant Zaxby's
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,301	Lease Start 05-26-2022	#Units 19
Price/SF $856.10	Expiration 05-31-2042	Tenant Type Fast Casual/Rest.
NOI $176,653	R. Term 17.0	Ownership Fee Simple
Rent/SF $53.51	Increases 2.0%/1/yrs	Pop 5Mi 91,423
Lot/AC 1.26	Options 4/5yrs/2%	AHHI 5Mi $85,586

Lease Highlights

Zaxby’s has 18+ years remaining in their current term with 4 (5-year) options to extend
Lease features 2% annual rent Increases beginning in year 7 of the initial term and throughout each option period
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by an experienced franchise operating 19 units

Location Description

Zaxby’s is strategically positioned along Chalkville Mountain Road, an arterial thoroughfare serving the retail corridor which sees 40,000 vehicles passing by daily. The site has nearby access to Interstate 59 (57,300 VPD) and Old Springville Road (14,500 VPD), making this an ideal, centralized location with easy commutes. The subject property is positioned as an outparcel at Trussville...

...

Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Freeway close
Affluent suburb location
Long 15+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

...

Links

Zaxby's Wikipedia Zaxby's Wikipedia Birmingham, Alabama Zip Code 35235 Broker Site Page

Maps

Image may be subject to copyright

Terms

Report a problem

Image may be subject to copyright

Terms

Report a problem

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Zaxby's
Guarantor:Franchisee
Company:Credit to Chicken, LLC
# Units:19
Stock:Private

About Tenant

Zaxby's is an privately held, American chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches, salads and nine signature sauces, including their famous “Zax”...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,805	37,350	91,339
2023 Total Population :	3,882	37,836	91,941
2023 Employed Civilian Pop :	2,023	18,527	45,045
2023 Total Businesses :	239	1,076	2,452
2023 Average Household Income :	$ 89,315	$ 89,670	$ 85,642
2023 Total Consumer Spending :	$ 121 M	$ 1093 M	$ 2537 M
2023 Median Age :	40	39	38
2023 Total Households :	1,600	14,222	34,475
2023 Pop Age 25+: Bachelor's Degree :	601	5,303	11,143
2023 Average Home Value :	$ 300,596	$ 244,986	$ 240,438

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Trussville Crossings Pkwy		2000	29,900	0.07 mi
Chalkville Road	Service Rd	2020	39,969	0.25 mi
Chalkville Road	Chalkville Rd	2021	39,969	0.25 mi
Service Rd	Chalkville Rd	2009	1,808	0.36 mi
	Chalkville Mountain Ln	2021	14,412	0.42 mi
Chalkville Road	Hampstead Dr	2018	33,057	0.45 mi
	I- 59	2021	11,606	0.48 mi
I 59	Chalkville Rd	2021	57,307	0.51 mi
	Misty Ridge Dr	2021	3,969	0.57 mi
Service Rd	Misty Ridge Dr	2019	4,613	0.63 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
80845 Views
204 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
73527 Views
172 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

...

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

...

Michael Berk

SRS National Net Lease Group

Contact

31 Listings
7219 Views
17 Sold

Michael Berk

Michael Berk joined SRS Real Estate Partners in 2019 as senior associate in our Atlanta office as a part of the Capital Markets team. Prior to SRS, Michael worked with Calkain, where he assisted in the disposition and acquisition of net lease assets, along with structuring sale-leasebacks for QSR operators. Prior to that, he worked in the corporate marketing department at Talladega Superspeedway where he sold large-scale marketing platforms along with venue entertainment packages. Michael is

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT