Zaxby's
Retail | 6.00% CAP | 3,864 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Zaxby's located at 4815 Tennessee 58, Chattanooga, TN 37416. The site consists of roughly 3,864 rentable square feet of building space on an estimated .96-acre parcel of land. Zaxby's is subject to a 20-year lease, which commenced 2/1/2022. The current annual rent is $173,893 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.
Proximity to Major Transportation Hub | The subject property is located just over 5 miles from Chattanooga Metropolitan Airport, providing convenient access to one of the region’s primary travel and employment centers. This proximity supports strong daily traffic from travelers, airport employees, and surrounding commercial activity.
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