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28926943
28926944

4925 S 4th St, Leavenworth, KS 66048

DS
KS 00249685, MO 2008013520 (+1)
Marcus & Millichap
Listed by Marcus & Millichap
$2,992,000
177 days on market
Updated 0 days ago

Zaxby's

Details
APN 094-18-0-20-06-003.00-0
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,827
Net Rentable (SqFt) 2,827
Units 1
Cap Rate 6.35%
NOI $190,000
Occupancy 100%
Tenancy Single
Brand/Tenant Zaxby's
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Four Five Year Options
Pro-Forma Cap Rate 6.35%
Pro-Forma NOI $190,000
Price per SqFt $1,058
Broker Co-Op Yes
Class A
Year Built 1978
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 39,383
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Occupancy Date 03/01/2025
Ground Lease No
Ownership Fee Simple

Zaxby's- Absolute 15 Year Net Lease

Marketing description

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 2,827 square foot building on .904 acres (39,383sf) 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 1 % 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.

Investment highlights

- New 15 Year Absolute Net Lease to be executed at close of escrow featuring 1.00% annual rent increases

- New 2025 Construction (conversion) with all new Roof, Mechanicals, Facade and Parking Lot

- 22,000 Vehicles per day with average Household Income of $90,825 within 3 mile radius of the Property

- Located by National Brands such as Home Depot, Starbucks, Aldi. Buffalo Wild Wing-s and QuikTrip

Listing Contacts

DS
KS 00249685, MO 2008013520 (+1)
Marcus & Millichap
Listed by Marcus & Millichap

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
David Saverin
License
00249685
Brokerage
Marcus & Millichap
Brokerage Phone
314-889-2555
Title
Broker of Record
Brokerage Address
9393 W 110th St Ste 500, Overland Park, KS 66210
Name
Dave Saverin
License
00249685
Brokerage
Marcus & MIllichap
Brokerage Phone
314-889-2500
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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