Investment Overview

Marcus & Millichap is pleased to present this 2025 newly constructed Zaxby’s property located In the retail corridor at 4925 S 4th Street in Leavenworth KS. The property features a 2,756 square foot building on .91 acres located across from Home Depot on 4th street with 21,999 vehicles per day. National chains surrounding the property include Home Depot, QuikTrip, Starbuck’s, Buffalo Wild Wings and Aldi. Upon Close of Escrow, the Tenant will execute a new 15 year Triple Net Lease (NNN) with base annual rent of $190,000 with annual rent increases of one percent through the base lease term and the four (4) five year renewal option periods. The Tenant is a seasoned restaurant operator with 20 years of experience in the quick service restaurant industry and a long record of successful multi-unit performance. They operate a large network of restaurants in another major city and bring the same operational discipline, financial strength, and growth mindset to the Zaxby’s brand. In the Kansas City market, the group currently owns and operates four Zaxby’s locations. They identified Kansas and Missouri as high potential territories for the brand and focused on selecting strong trade areas, maintaining tight operational standards, and building a sustainable development pipeline. Several additional sites in both states are already under evaluation as part of a continued expansion plan. With deep QSR experience, proven results across multiple markets, and clear commitment to long term growth, the Tenant represents a stable and attractive occupant for real estate investors. Established in 1990 by childhood buddies Zach McLeroy and Tony Townley, Zaxby’s opened its inaugural branch near Georgia Southern University Campus in Statesboro, Georgia. Since then, Zaxby’s has expanded its footprint, boasting a presence in 17 States and more than 900 locations.