Listed by Atlantic Capital Partners
$2,944,217
Zaxby's | Birmingham, AL
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,301
Net Rentable (SqFt) 3,301
Cap Rate 6%
NOI $176,653
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/31/2042
Remaining Term 15.9
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2006
Acreage 1.260
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 06/01/2022
Ground Lease No
6.00% CAP | ABS NNN | LONG OPERATING HISTORY
Investment highlights
ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
- The asset is structured under an Absolute NNN lease with no landlord obligations, providing investors with a truly passive income stream and one of the cleanest ownership structures in net lease real estate.
16-YEAR REMAINING TERM | LONG DURATION FRANCHISEE COMMITMENT
- The lease runs through May 2042 with 16 years of remaining term, reflecting a franchisee that has made a long-range operational commitment to this Trussville location. The 2022 lease commencement on an existing location signals deliberate re-commitment to the site rather than a legacy holdover.
CONTRACTUAL RENT GROWTH | 2% ANNUAL INCREASES
- The lease features 2% annual rent escalations throughout the term, providing steady, compounding income growth and a built-in hedge against inflation that enhances long-term total return potential for the investor.
PREMIER INTERSTATE LOCATION | 57,300 VPD ON I-59
- Positioned with direct exposure to Interstate 59 (57,300 VPD) and Chalkville Mountain Road (40,000 VPD), the site benefits from one of the highest combined traffic counts of any QSR location in the northeastern Birmingham corridor.
AFFLUENT BIRMINGHAM SUBURB | GROWING RESIDENTIAL TRADE AREA
- Trussville consistently ranks among the most desirable and fastest-growing suburbs in the Birmingham metro, supported by strong household formation, above-average school ratings, and an expanding residential base that directly supports QSR demand. The 3-mile trade area includes 36,894 residents with an AHHI of $95,819, reflecting a stable, income-qualified consumer base.
ESTABLISHED OPERATING HISTORY | FRANCHISEE RE-COMMITMENT IN 2022
- The franchisee executed a fresh lease in June 2022 on a location originally built in 2006, demonstrating 16 years of proven site performance prior to renewal. A franchisee willing to commit to a new long-term lease on an existing location has validated the store's economics with their own capital.
Listing Contacts
Listed by Atlantic Capital Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,653.00
$14,721.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
PUD-PC PlannedPlanned Commercial Unit Development
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 69 uses
View all 69 uses Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
Title
Is there information that looks off?















