Restaurant
Zaxby's
1107 N Ponce De Leon Blvd, St. Augustine, FL 32084
Listing Price: $3,524,240
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Zaxby’s located at 1107 N Ponce De Leon Blvd in St. Augustine, Florida. The site consists of roughly 3,898 rentable square feet of building space on estimated 1.03-acre parcel of land. This Zaxby’s is subject to a 12-year absolute triple-net (NNN) lease, which commenced September 28th, 2018. The current annual rent is $217,546 and increases by 1.25%annually during the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,524,240
Investment Highlights
- 12-Year Absolute Triple Net (NNN) Lease
- 1.25% Rental Increases Occurring Annually in Base Term and Options
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 32 Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Zaxby’s located at 1107 N Ponce De Leon Blvd in St. Augustine, Florida. The site consists of roughly 3,898 rentable square feet of building space on estimated 1.03-acre parcel of land. This Zaxby’s is subject to a 12-year absolute triple-net (NNN) lease, which commenced September 28th, 2018. The current annual rent is $217,546 and increases by 1.25%annually during the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
Financing By
