Zaxbys 3405 Dallas Hwy SW
3,884 SF Retail Building Marietta, GA 30064 $3,569,000 ($919/SF) 6% Cap Rate
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INVESTMENT HIGHLIGHTS
- #1 Largest Franchisee in the Zaxbys System (32 Units)
- Proven Location | Healthy Rent-To-Sales Ratio | Sales Above AUV
- Outparcel to Village at Old Trace (40,985 VPD) | Pet Supermarket, Leslie's, The Honey Baked Ham Company, Warrior Pride Fitness, Twisted Cycle, etc.
- Brand New 20-Year Absolute NNN Lease | 10% Rent Increases Every 5 Years & in the Four, 5-Year Renewal Options
- High Traffic Corridor | Signalized Intersection of Bob Cox Road & Dallas Highway (38,100 VPD) | 1.5 Miles West of Ernest W. Barrett Pkwy (29,000 VPD)
- 21 Miles Northwest of Atlanta | Atlanta MSA Advantage (MSA Population: 6.39M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 3,884-square-foot Zaxbys positioned on 0.49 acres in Marietta, Georgia—part of the larger Atlanta-Sandy Springs-Roswell, GA MSA (Population: 6.39M+). Operating since 2014, Zaxbys’ brand new absolute NNN lease features 20 years of primary term with a 10% rent increase every 5 years throughout the initial term and in each of its four, 5-year renewal options. The lease also boasts a guaranty from 1788 Chicken, LLC—the largest franchisee in the Zaxbys system with 32 units. Operating since 2014, this Zaxbys location is a strong performer with a healthy rent-to-sales ratio and sales above AUV.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,884 SF
Building Class
B
Year Built
2014
Price
$3,569,000
Price Per SF
$919
Cap Rate
6%
NOI
$214,130
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.49 AC
Parking
26 Spaces (6.69 Spaces per 1,000 SF Leased)
Frontage
300 FT on Dallas Hwy
AMENITIES
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 20-0332-0-173-0 | Improvements Assessment | $172,912 |
Land Assessment | $186,288 | Total Assessment | $359,200 |