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Restaurant

Zaxby’s NNN Lease

3030 Johnson Ferry Rd, Marietta, GA 30062

Listing Price: $2,190,000

Cap Rate
7.25%
Tenant Name
Zaxby's
Years Remaining On Lease
3.4
Guarantor
Franchisee Guarantee
Rentable SF
3,176
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.97

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Zaxby’s located at 3030 Johnson Ferry Road in Marietta, Georgia. The subject property consists of a free-standing building comprised of +/- 3,000 square feet of retail space and is situated on a.86-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Johnson Ferry Road and Waterfront Drive, the property is highly visible to more than 46,900 vehicles per day. It is also adjacent to a Walmart Supercenter and an outparcel to the Northeast YMCA Club. The immediate trade area is home to a number of National and Regional retailers including but not limited to McDonald’s, Walgreens, IHOP, Kroger, Publix, Chase Bank, Papa John’s Pizza, and many more. The subject property also benefits from it’s location in an affluent suburb which boasts average house hold incomes of $177,883, $173,964, and $155,556 in a 1-mile, 3-mile, and 5-mile radius respectively and a population of about 180,000 in the immediate trade area. Zaxby’s has operated from this location for over 15 years and currently has over three years remaining in their last option period before a new lease must be negotiated. Zaxby’s is a franchised chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches and salads. The company operates primarily in the Southeastern U.S. with more than 900 locations across 18 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Miss., Missouri, North Carolina, South Carolina, Tennessee, Texas, Utah and Virginia. Zaxby’s has been ranked in the top 25 in the QSR segment, with total sales of $1.3 billion. The first Zaxby’s was established in Statesboro, Georgia near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley. The company operates as a casual dining restaurant, offering prepared-at-order chicken fingers, chicken wings, sandwiches, salads, and appetizers. Dipping Sauces are offered with chicken finger orders, and range from mild, to the moderate “Zax Sauce,” to the intensely hot “Nuclear” and “Insane.” Dining rooms at Zaxby’s restaurants are decorated with assorted whimsical objects and signs, which often vary in theme by location and region. Some locations in college towns feature objects and decorations related to the local university.

Investment Highlights

  • Hard Signalized Corner with Great Visibility | Over 43,900 Vehicles/Day
  • Affluent Market | Average Household Income Exceeds $177,883 in 1-Mile
  • Strong Performing Location
  • The Company is Headquartered in Athens, GA
  • This Location is Backed by Single Unit Entity

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,190,000

Cap Rate
7.25%
Tenant Name
Zaxby's
Years Remaining On Lease
3.4
Guarantor
Franchisee Guarantee
Rentable SF
3,176
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.97

Investment Highlights

  • Hard Signalized Corner with Great Visibility | Over 43,900 Vehicles/Day
  • Affluent Market | Average Household Income Exceeds $177,883 in 1-Mile
  • Strong Performing Location
  • The Company is Headquartered in Athens, GA
  • This Location is Backed by Single Unit Entity

Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Zaxby’s located at 3030 Johnson Ferry Road in Marietta, Georgia. The subject property consists of a free-standing building comprised of +/- 3,000 square feet of retail space and is situated on a.86-acre parcel of land. Strategically located on the Hard-Signalized Intersection of Johnson Ferry Road and Waterfront Drive, the property is highly visible to more than 46,900 vehicles per day. It is also adjacent to a Walmart Supercenter and an outparcel to the Northeast YMCA Club. The immediate trade area is home to a number of National and Regional retailers including but not limited to McDonald’s, Walgreens, IHOP, Kroger, Publix, Chase Bank, Papa John’s Pizza, and many more. The subject property also benefits from it’s location in an affluent suburb which boasts average house hold incomes of $177,883, $173,964, and $155,556 in a 1-mile, 3-mile, and 5-mile radius respectively and a population of about 180,000 in the immediate trade area. Zaxby’s has operated from this location for over 15 years and currently has over three years remaining in their last option period before a new lease must be negotiated. Zaxby’s is a franchised chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches and salads. The company operates primarily in the Southeastern U.S. with more than 900 locations across 18 states, including Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Miss., Missouri, North Carolina, South Carolina, Tennessee, Texas, Utah and Virginia. Zaxby’s has been ranked in the top 25 in the QSR segment, with total sales of $1.3 billion. The first Zaxby’s was established in Statesboro, Georgia near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley. The company operates as a casual dining restaurant, offering prepared-at-order chicken fingers, chicken wings, sandwiches, salads, and appetizers. Dipping Sauces are offered with chicken finger orders, and range from mild, to the moderate “Zax Sauce,” to the intensely hot “Nuclear” and “Insane.” Dining rooms at Zaxby’s restaurants are decorated with assorted whimsical objects and signs, which often vary in theme by location and region. Some locations in college towns feature objects and decorations related to the local university.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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