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Restaurant

Zaxby's

2285 Whiskey Rd, Aiken, SC 29803

Listing Price: $2,750,000

Cap Rate
4.00%
Tenant Name
Zaxby's
Years Remaining On Lease
19.9
Gross SF
2,775
Guarantor
Corporate Guarantee
Rentable SF
2,775
Price/Gross SF
$990.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.64

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Outparcel to Publix anchored shopping center - New store prototype with double drive-thru - Frontage along Whiskey Road (±36,300 VPD) - Multiple points of ingress/egress - Access to a signalized intersection via inter-parcel access - Dominant retail corridor with nearby national retailers that include Walmart, Kroger, TJ Maxx, Starbucks, Panera, Walgreens, CVS, Academy Sports + Outdoors, etc. - Affluent and dense market › Population (±): 4,989 (1-mi); 28,600 (3-mi); 49,962 (5-mi) › AHHI (±): $82,495 (1-mi); $103,014 (3-mi); $92,501 (5-mi) OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Four (4), 5 year renewal options - 8% rent escalations every 5 years throughout entire lease - Triple Net (NNN) ground lease with no landlord responsibilities - Rare corporate Zaxby’s lease AUGUSTA, GA MSA - DIVERSE ECONOMIC DRIVERS - Military: Fort Gordon Military Installation › Annual economic impact of $1.4 B › ±25,000 military and civilian employees › Average daily population of ±109,334 › Supports Army, Air Force, Navy, Marine, and Department of Defense › Over $1.6 B in planned infrastructure investments through 2028 - Education/Medical: Augusta University and AU Health System › Annual economic impact of $2.7 B › +21,000 jobs created - Entertainment/Tourism: The Masters Golf Tournament › Annual economic impact of +$100 MM › International landmark DOMINANT BRAND - Established QSR founded in 1990 - 900+ locations across 17 states - Strong brand following in the Southeast - Goldman Sachs Merchant Banking Division bought Zaxby’s for $2 billion in Nov. 2020

Investment Highlights

  • - Outparcel to Publix anchored shopping center
  • - Rare corporate Zaxby's lease
  • - Frontage along Whiskey Road (±36,300 VPD)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Listing Price: $2,750,000

Cap Rate
4.00%
Tenant Name
Zaxby's
Years Remaining On Lease
19.9
Gross SF
2,775
Guarantor
Corporate Guarantee
Rentable SF
2,775
Price/Gross SF
$990.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.64

Investment Highlights

  • - Outparcel to Publix anchored shopping center
  • - Rare corporate Zaxby's lease
  • - Frontage along Whiskey Road (±36,300 VPD)

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Outparcel to Publix anchored shopping center - New store prototype with double drive-thru - Frontage along Whiskey Road (±36,300 VPD) - Multiple points of ingress/egress - Access to a signalized intersection via inter-parcel access - Dominant retail corridor with nearby national retailers that include Walmart, Kroger, TJ Maxx, Starbucks, Panera, Walgreens, CVS, Academy Sports + Outdoors, etc. - Affluent and dense market › Population (±): 4,989 (1-mi); 28,600 (3-mi); 49,962 (5-mi) › AHHI (±): $82,495 (1-mi); $103,014 (3-mi); $92,501 (5-mi) OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Four (4), 5 year renewal options - 8% rent escalations every 5 years throughout entire lease - Triple Net (NNN) ground lease with no landlord responsibilities - Rare corporate Zaxby’s lease AUGUSTA, GA MSA - DIVERSE ECONOMIC DRIVERS - Military: Fort Gordon Military Installation › Annual economic impact of $1.4 B › ±25,000 military and civilian employees › Average daily population of ±109,334 › Supports Army, Air Force, Navy, Marine, and Department of Defense › Over $1.6 B in planned infrastructure investments through 2028 - Education/Medical: Augusta University and AU Health System › Annual economic impact of $2.7 B › +21,000 jobs created - Entertainment/Tourism: The Masters Golf Tournament › Annual economic impact of +$100 MM › International landmark DOMINANT BRAND - Established QSR founded in 1990 - 900+ locations across 17 states - Strong brand following in the Southeast - Goldman Sachs Merchant Banking Division bought Zaxby’s for $2 billion in Nov. 2020

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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