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Net Lease Zaxby's

Net Lease Zaxby’s Property Profile and Cap Rates

Date February 25, 2017

Net Lease Zaxby’s – Typical Property and Lease Terms

 

Price Range:$2 mm - $3 mm
Cap Rate:6.65%
Net Income:$152,500
Price Per foot:$665 PSF
Building Size:3,350 SF
Lot Size:1 Acre
Escalations:Varies
Lease Term:15 Years
Lease Type:Fee Simple
Credit Rating:N/A

 

Tenant Company Information:

Zaxby’s is a franchised/corporate chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches, and salads. The first Zaxby’s was established in Statesboro, Georgia, near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley in March 1990.  They began franchising the concept in 1994, and now have locations throughout the Southeastern U.S. with more than 800 locations in 18 states.

Zaxby’s is “The Official Chicken of Sports Fanz®” and has collective intellectual property rights at nearly 30 Division I colleges. The sponsorship includes schools across every state where Zaxby’s is located, representing seven major athletic conferences in the South, Mid-Atlantic and Midwest.

Zaxby’s was the No. 9 fastest-growing chain in the Nation’s Restaurant News Top 100 list in 2015. Entrepreneur magazine ranked Zaxby’s as a Top 500 franchise and one of the fastest-growing franchises in the country.

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