Zaxby's | Healthy RTS | 20-Yr NNN | 10% Bumps
2,460 SF | Retail Building | Sumter, SC 29154 | $4,312,000 ($1,753/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,312,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,460 SF
- Price / Square Foot
- $1,753
Listing Contacts
Aron Cline
Verified Profile
Calvin Short
Verified Profile
Gary Chou
Verified Profile
Matt Coates
Verified Profile
Rad Werssowetz
Verified Profile
- Property Info
Property Overview
• Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
• Lease is backed by Guernsey Holdings ZRC Opco, LLC which currently has 20 locations open and operating
– High net-worth guarantee | Speak with Agent for details
• Strong sales and healthy rent-to-sales ratio | Speak with Agent for details
• Tenant has plans for a large-scale, exterior remodel within the next 24 months, showing excellent long-term commitment to the location | Speak with Agent for details
• Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 7.25% Avg CAP
(assuming purchase at List Price) with ±$6.2MM in guaranteed income over the base term
• Great access and visibility from McCrays Mill Rd which sees ±14,100 VPD
• Subject Property is walking distance to:
– Sumter High School | 2,306 students
– Walmart Neighborhood Market, Food Lion, Chick-fil-A, McDonald’s, Scooter’s Coffee, Walgreens, Arby’s, Dollar Tree, Circle K, Taco Bell,
Domino’s, Sonic, Dollar General, Captain D’s, among others
• Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024
–Ranked #38 on Technomic’s Top 500 Chain Restaurant Report
–Ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022
–AUV of $2.66MM+ according to Franchise Times
–Ranked #133 on Entrepreneur’s Franchise 500, an increase from #298 in 2023 | Has been ranked as a top franchise each year since 2013
–Experienced a 9.1% YoY sales growth in 2023
–“The Official Chicken of Sports Fanz” and has collective intellectual property rights at nearly 30 Division-I colleges through a deal with their football and basketball teams
–$2.4B in system-wide sales in 2022, a ±10% growth year-over-year
• Lease is backed by Guernsey Holdings ZRC Opco, LLC which currently has 20 locations open and operating
– High net-worth guarantee | Speak with Agent for details
• Strong sales and healthy rent-to-sales ratio | Speak with Agent for details
• Tenant has plans for a large-scale, exterior remodel within the next 24 months, showing excellent long-term commitment to the location | Speak with Agent for details
• Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 7.25% Avg CAP
(assuming purchase at List Price) with ±$6.2MM in guaranteed income over the base term
• Great access and visibility from McCrays Mill Rd which sees ±14,100 VPD
• Subject Property is walking distance to:
– Sumter High School | 2,306 students
– Walmart Neighborhood Market, Food Lion, Chick-fil-A, McDonald’s, Scooter’s Coffee, Walgreens, Arby’s, Dollar Tree, Circle K, Taco Bell,
Domino’s, Sonic, Dollar General, Captain D’s, among others
• Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024
–Ranked #38 on Technomic’s Top 500 Chain Restaurant Report
–Ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022
–AUV of $2.66MM+ according to Franchise Times
–Ranked #133 on Entrepreneur’s Franchise 500, an increase from #298 in 2023 | Has been ranked as a top franchise each year since 2013
–Experienced a 9.1% YoY sales growth in 2023
–“The Official Chicken of Sports Fanz” and has collective intellectual property rights at nearly 30 Division-I colleges through a deal with their football and basketball teams
–$2.4B in system-wide sales in 2022, a ±10% growth year-over-year
Property Details
- Class
- C
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,560 SF
Highlights
- Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
- Strong sales and healthy rent-to-sales ratio | Speak with Agent for details
- Tenant has plans for a large-scale, exterior remodel within the next 24 months, showing excellent long-term commitment to the location
- Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | ±$6.2MM in guaranteed income
- Lease is backed by Guernsey Holdings ZRC Opco, LLC which currently has 20 locations open and operating | High net-worth guarantee | Speak with Agent
- Zaxby's is ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022
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