2298 S Irby St | Florence, SC 29505
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- LoopNet Team
2298 S Irby St
Florence, SC 29505
Zaxby's | Superb Sales | 20-Yr NNN | 45k VPD · Retail Property For Sale
Investment Highlights
- Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
- Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | ±$6.7MM in guaranteed income
- 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
- Very strong sales and healthy rent-to-sales ratio | Site was 42%+ above-average in sales for a Zaxby’s in 2023
- Great access and visibility from S Irby St (aka Hwy 52) which boasts ±45,050 VPD | Hwys 52 & 301 are major thoroughfares to Myrtle Beach
- Ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,040 SF
Building Class
C
Year Built/Renovated
2000/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.22 AC
Zoning
C - Commercial
Parking
58 Spaces (19.08 Spaces per 1,000 SF Leased)
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