ZAXBY’S | FAYETTEVILLE, NORTH CAROLINA

Purchase Price
$3,824,560
Location
9556 Cliffdale Road
Cap Rate
6.25%
Annual Rent
$239,046.08
Building Size
3,839 SF
Land Area
1.93 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
13 Years
LEASE EXPIRATION
05/31/2034
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
2% Annually & 10% at Options
Parking
38 Spaces
Year Built
2014
APN
9486-16-0264
Traffic Counts
42,000 VPD

INVESTMENT HIGHLIGHTS

 

LEASE INFORMATION:

  • Approximately 13 Years Remaining in the Initial 20 Year Lease Term
  • 2014 Construction - 3,867 SF - 1.93 Acre Parcel
  • Rare 2% Annual Rent Increases During Initial 20 Year Lease Term
  • Four (4) - Five (5) Year Option Periods with 10% Rent Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
  • Ideal, Management-Free Investment for an Out-of-State, Passive Investor
 

RARE ANNUAL RENT INCREASES:

  • 2% Annual Rent Increases During Initial 20 Year Lease Term
  • Average Cap Rate of 7.05% Over Remaining Initial Lease Term (Assuming a Purchase at List Price)
 

FORT BRAGG MILITARY BASE:

  • Located 13 Miles (18 Minute Drive) from the Subject Property
  • The Nation's Largest Military Installation in Terms of Population
  • Fort Bragg's Roughly 57,000 Troops Cover Nearly 163,000 Acres
  • The Post Supports a Population of Roughly 260,000
  • Fort Bragg Has a Budget Topping $1.2 Billion and an Economic Impact of About $9.9 Billion on the 11-County Area Surrounding Post
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile = 5,840 Residents; $77,024 Average Household Income
  • 3-Mile = 39,897 Residents; $76,893 Average Household Income
  • 5-Mile = 101,644 Residents; $72,649 Average Household Income
  • 7-Mile = 166,513 Residents; $69,326 Average Household Income
 

ZAXBY'S:

  • 904 Locations Across 17 States - 755 of Which Are Franchise Operated
  • In November 2020, Zaxby's Announced that Goldman Sachs was Set to Acquire a Significant Stake in the Chain
  • The Goldman Sachs Deal Will Support Accelerated Growth for Zaxby's as Well as Expansion Into New Sales Channels with a Guest-Focused Strategy
  • At the End of 2019, Zaxby's Ranked Fourth Among Quick-Service Chicken Chains in Terms of Total Domestic Systemwide Sales - $1.84 Billion
  • In 2021, Zaxby's Was Selected by Forbes as One of America's Best Large Employers - Ranking 111th Overall but Reigning Supreme in the Restaurants Category When Compared to Its Competitors, Beating Out Chick-fil-A (113), Raising Cane's (251), and Wendy's (483)

contact us

  • Hidden