Zaxby's
Retail | 6.00% CAP | 3,574 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Zaxby's located at 7643 East Brainerd Road, Chattanooga, TN 37421. The site consists of roughly 3,574 rentable square feet of building space on an estimated 1.03-acre parcel of land. Zaxby's is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2022. The current annual rent is $173,983 and has scheduled increases of 2.00% Annually Starting 2/1/2028.
Investment highlights
No State Income Tax | Tennessee is one of the few states with no state income tax, creating a highly attractive environment for businesses and residents. This pro-business tax structure continues to support strong economic growth and in-migration throughout the state.
Strong Unit Level Financials | The subject property benefits from strong unit-level sales performance, demonstrating the concept’s ability to generate consistent revenue within this established retail corridor. For additional information, contact the listing brokers for further financial details and performance metrics related to the property and tenant operations.
Strong Franchisee Guarantee | The subject property is guaranteed by 1788 Chicken, one of the largest franchisees in the Zaxby’s system, and providing strong operational experience and tenant backing.
Strong Demographics & Population Growth | The subject property benefits from a dense and expanding trade area with approximately 46,900 residents within a 3-mile radius and 103,900 residents within a 5-mile radius. The surrounding population is projected to grow at a steady 1.20% annually through 2029.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
