Skip to main content

Restaurant

Zaxby's (Leased with Value Add/User Potential)

29053 US-98, Daphne, AL 36526

Listing Price: $1,200,000

Cap Rate
10.00%
Tenant Name
Zaxby's
Years Remaining On Lease
0.8
Gross SF
3,419
Guarantor
Franchisee Guarantee
Rentable SF
3,419
Price/Gross SF
$350.98
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.10

Investment Overview

Marcus & Millichap is proud to exclusively offer for sale the Zaxby’s restaurant in Daphne, Alabama located along the heavily trafficked U.S. Highway 98. The subject property is equipped with a drive-thru and sits on a large 0.94 acre lot. The building was constructed originally for Hardee’s in 1979 and then in 2004 the building was completely overhauled and remodeled for Zaxby’s.

The Zaxby’s site is ideally located with excellent visibility along Highway 98 and only a few blocks south of the Interstate-10 interchange which connects to Mobile, Alabama. The property is located directly across the highway from McDonald’s, Dunkin and Waffle House. Only one mile to the northeast of the property is a large power center anchored by Dick’s Sporting Goods, TJ Maxx, Petco, and Home Depot.

Investment Highlights

  • Value-Add Opportunity – Tenant Has Stated They Will Vacate in June of 2025 and Tenant Has No Options to Extend (See Agent for Details)
  • Excellent Highway Location and Equipped with Drive-Thru – 0.94 Acre Lot
  • Located Less than One Mile from Interstate-10 Interchange and Only Ten Miles East of Mobile

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Zaxby's (Leased with Value Add/User Potential)

Listing Price: $1,200,000

Cap Rate
10.00%
Tenant Name
Zaxby's
Years Remaining On Lease
0.8
Gross SF
3,419
Guarantor
Franchisee Guarantee
Rentable SF
3,419
Price/Gross SF
$350.98
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.10

Investment Highlights

  • Value-Add Opportunity – Tenant Has Stated They Will Vacate in June of 2025 and Tenant Has No Options to Extend (See Agent for Details)
  • Excellent Highway Location and Equipped with Drive-Thru – 0.94 Acre Lot
  • Located Less than One Mile from Interstate-10 Interchange and Only Ten Miles East of Mobile

Investment Overview

Marcus & Millichap is proud to exclusively offer for sale the Zaxby’s restaurant in Daphne, Alabama located along the heavily trafficked U.S. Highway 98. The subject property is equipped with a drive-thru and sits on a large 0.94 acre lot. The building was constructed originally for Hardee’s in 1979 and then in 2004 the building was completely overhauled and remodeled for Zaxby’s. The Zaxby’s site is ideally located with excellent visibility along Highway 98 and only a few blocks south of the Interstate-10 interchange which connects to Mobile, Alabama. The property is located directly across the highway from McDonald’s, Dunkin and Waffle House. Only one mile to the northeast of the property is a large power center anchored by Dick’s Sporting Goods, TJ Maxx, Petco, and Home Depot.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower