Zaxby's | Well Above-Avg Sales | 20-Yr NNN
2,607 SF | Retail Building | Hartsville, SC 29550 | $4,110,000 ($1,577/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,110,000
- Property Type
-
Retail
- Square Feet
- 2,607 SF
- Price / Square Foot
- $1,577
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
– ±25% above-average in sales for a Zaxby’s
• Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details
• 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 ±$5.7MM in guaranteed income over the base term
• 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 visibility from South 4th St which sees ±14,000 VPD
• Subject Property is walking distance to:
– Hartsville Mall | Anchored by Belk and Rose’s Discount Store
– Lowe’s, Piggly Wiggly, Big Lots, Starbucks, Burger King, Fresenius, Dunkin’, KFC, NAPA Auto Parts, Harbor Freight Tools, Goodwill, Dollar
General, Advance Auto Parts, O’Reilly Auto Parts, Shoney’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
– ±25% above-average in sales for a Zaxby’s
• Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details
• 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 ±$5.7MM in guaranteed income over the base term
• 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 visibility from South 4th St which sees ±14,000 VPD
• Subject Property is walking distance to:
– Hartsville Mall | Anchored by Belk and Rose’s Discount Store
– Lowe’s, Piggly Wiggly, Big Lots, Starbucks, Burger King, Fresenius, Dunkin’, KFC, NAPA Auto Parts, Harbor Freight Tools, Goodwill, Dollar
General, Advance Auto Parts, O’Reilly Auto Parts, Shoney’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
- 2005
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 43,124 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].