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33285337
33285338

132 Bill Wigington Parkway, Jasper, GA 30143 For Sale

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$3,165,000
46 days on market
Updated 46 days ago

Zaxby's

Details
APN 041-052-003
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,501
Cap Rate 5.85%
NOI $185,130
Tenancy Single
Brand/Tenant Zaxby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options 4 (5-Year)
Class A
Year Built 2005
Year Renovated 2028
Acreage 1.000
Zoning C-2 General Commercial
Parking Spaces 50 spaces
Parking per 1,000 SqFt 14.28
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/01/2016
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 5.85% CAP | 3,501 SqFt

Marketing description

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Zaxby’s Chicken Fingers & Buffalo Wings investment property located in Jasper, Georgia. The tenant, 1788 Chicken, is a Zaxby’s franchisee operating approximately 75 locations and demonstrating a strong commitment to the site. The lease features over 10 years remaining with 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Zaxby’s is strategically located along Bill Wigington Parkway at the intersection of State Highway 515 (28,600 VPD) and Highway 53 (15,200 VPD), benefiting from a combined traffic count of approximately 43,800 vehicles per day with excellent visibility and access. The subject property is positioned within Jasper’s primary retail corridor and is surrounded by numerous national and regional retailers including Walmart Supercenter, Kroger, The Home Depot, Publix, Chick-fil-A, Chipotle, Taco Bell, Wendy’s, Burger King, AutoZone, Advance Auto Parts, Verizon, Dollar Tree, and more, further increasing consumer traffic to the site. The property is also nearby several regional employers including Generac, Stanridge Color Corporation, and Pickens County Airport. The 5-mile trade area is supported by a population of more than 18,600 residents with an average household income exceeding $93,000.

Investment highlights

  • Strong Franchisee Guaranty | Scheduled Rental Increases | Long-Term Lease | Scheduled Remodel in 2028
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Positioned Within Jasper’s Primary Retail Corridor | Adjacent To Highway 515 & 53
  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,130.00
$15,427.50/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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Additional Information

Name
Michael Berk
License
GA License No. 82412
Brokerage
SRS National Net Lease Group LP
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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