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28353522

10560 US-441, Belleview, FL 34420

AJ
FL Sl3405473
CBRE - Orlando
AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
Listed by CBRE - Orlando
$3,875,217
24 days on market
Updated 24 days ago

Zaxby's | Sale-leaseback | Income Tax-Free State

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,883
Units 1
Cap Rate 5.75%
NOI $222,825
Occupancy 100%
Tenancy Single
Brand/Tenant Zaxby's
Lease Type Absolute NNN
Lease Term 25
Remaining Term 25
Rent Bumps Yes
Lease Options 4x5
Price per SqFt $998
Broker Co-Op Yes
Year Built 2014
Acreage 1.140
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

New 25-Year Absolute NNN Lease | Income Tax Free State

Marketing description

CBRE is pleased to present the exclusive listing for the Zaxby’s located at 10560 SE US Hwy 441 in Belleview, FL. The site consists of 3,883 total square feet of building space and sits on 1.14 acres of land. The site will be subject to a 25 year sale-leaseback with Zaxby’s longest standing operator – Swamp Dawg Restaurant Management Group. Starting in year one, the base rent shall be $222,825. The lease will call for 8.00% rental escalations every 5 years during the base term and throughout the four, five-year renewal option periods (45 year total term). Positioned along one of Central Florida’s busiest commuter corridors, this property offers unmatched visibility and access on US- 441, the primary north–south artery connecting Ocala and The Villages.

The site benefits from strong daily traffic counts, established national co-tenancy, and a growing residential base that blends family households with high-spending retirees. With excellent ingress/egress, drive-thru capability, and less retail saturation than nearby Ocala, this location is primed for fast-casual dining, daily-needs retail, and service based operators seeking to capture both loyal local customers and steady regional pass-through demand.

Investment highlights

• Brand new 25 year lease with Zaxby’s

• Longest standing Zaxby’s operator – Swamp Dawg Restaurant Management Group

• Absolute NNN Lease - No landlord management obligations

• Fixed rental increases throughout the entire lease

• Extremely well located on US-441, the primary north-south

arterial connecting Ocala to The Villages

• Excellent visibility and access

• Florida has NO STATE INCOME TAX

Listing Contacts

AJ
FL Sl3405473
CBRE - Orlando
AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
Listed by CBRE - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$222,825.00
$18,568.75/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Andrew Jaworski
License
Sl3405473
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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