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Restaurant

Zaxby's

1107 N Ponce De Leon Blvd, St. Augustine, FL 32084

Listing Price: $3,524,240

Cap Rate
6.25%
Tenant Name
Zaxby's
Years Remaining On Lease
7.2
Guarantor
Corporate Guarantee
Rentable SF
3,898
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.51

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $3,524,240

Cap Rate
6.25%
Tenant Name
Zaxby's
Years Remaining On Lease
7.2
Guarantor
Corporate Guarantee
Rentable SF
3,898
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.51

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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