Zaxby's | ±25% Above-avg Sales | 20-Yr NNN
3,356 SF | Retail Building | Columbia, SC 29209 | $4,111,000 ($1,225/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,111,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,356 SF
- Price / Square Foot
- $1,225
Listing Contacts
Aron Cline
Verified Profile
Calvin Short
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Gary Chou
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Matt Coates
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Rad Werssowetz
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- 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
– Nearly 25% above-average in sales for a Zaxby’s
• Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 6.96% Avg CAP (assuming purchase at List Price) with ±$4.5MM in guaranteed income over the base term
• 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
• Site is outparceled to a Walmart Supercenter-anchored shopping center | Other tenants include Sally Beauty, McDonald’s, Jersey Mike’s, Pizza Hut, Dollar Tree, Wendy’s, among others
• Great access and visibility from Garners Ferry Rd which boasts ±30,800 VPD
• Excellent retail corridor | Subject Property is walking distance to:
– East Pointe Plaza | Anchored by Southeastern Salvage Home Emporium and Ollie’s Bargain Market | Other tenants include McDonald’s, Home Outlet, Hibbett Sports, Bank of America, Verizon, Arby’s, Firestone, Harbor Freight Tools, Citi Trends, among others
– A Walmart Supercenter-anchored shopping center
– A Lowe’s-anchored shopping center
– A Food Lion-anchored shopping center
– ±15 hotels/inns/motels
• About 3 miles from Fort Jackson | 19,000 Active Duty + family & civilians | 200,000 annual visitors
• 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
– Nearly 25% above-average in sales for a Zaxby’s
• Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 6.96% Avg CAP (assuming purchase at List Price) with ±$4.5MM in guaranteed income over the base term
• 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
• Site is outparceled to a Walmart Supercenter-anchored shopping center | Other tenants include Sally Beauty, McDonald’s, Jersey Mike’s, Pizza Hut, Dollar Tree, Wendy’s, among others
• Great access and visibility from Garners Ferry Rd which boasts ±30,800 VPD
• Excellent retail corridor | Subject Property is walking distance to:
– East Pointe Plaza | Anchored by Southeastern Salvage Home Emporium and Ollie’s Bargain Market | Other tenants include McDonald’s, Home Outlet, Hibbett Sports, Bank of America, Verizon, Arby’s, Firestone, Harbor Freight Tools, Citi Trends, among others
– A Walmart Supercenter-anchored shopping center
– A Lowe’s-anchored shopping center
– A Food Lion-anchored shopping center
– ±15 hotels/inns/motels
• About 3 miles from Fort Jackson | 19,000 Active Duty + family & civilians | 200,000 annual visitors
• 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
- B
- Year Built/Renovated
- 2004/2020
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 45,302 SF
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