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Zaxby's | Well Above-Avg Sales | 20-Yr NNN 1236 S 4th St

2,607 SF Retail Building Hartsville, SC 29550 £3,090,118 (£1,185/SF) 6.25% Net Initial Yield

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Investment Highlights

Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details
Site is outparceled to a Walmart Supercenter-anchored shopping center

Strong sales and healthy rent-to-sales ratio | ±25% above-average in sales for a Zaxby’s
Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | ±$5.7MM in guaranteed income
Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024

Executive Summary

• Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
• Lease is backed by Guernsey Holdings ZRC Opco, LLC which currently has 20 locations open and operating
– High net-worth guarantee | Speak with Agent for details
• Strong sales and healthy rent-to-sales ratio | Speak with Agent for details
– ±25% above-average in sales for a Zaxby’s
• Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details
• Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 7.25% Avg CAP
(assuming purchase at List Price) with ±$5.7MM in guaranteed income over the base term
• Site is outparceled to a Walmart Supercenter-anchored shopping center | Other tenants include Sally Beauty, McDonald’s, Jersey Mike’s,
Pizza Hut, Dollar Tree, Wendy’s, among others
• Great visibility from South 4th St which sees ±14,000 VPD
• Subject Property is walking distance to:
– Hartsville Mall | Anchored by Belk and Rose’s Discount Store
– Lowe’s, Piggly Wiggly, Big Lots, Starbucks, Burger King, Fresenius, Dunkin’, KFC, NAPA Auto Parts, Harbor Freight Tools, Goodwill, Dollar
General, Advance Auto Parts, O’Reilly Auto Parts, Shoney’s, among others
• Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024
–Ranked #38 on Technomic’s Top 500 Chain Restaurant Report
–Ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022
–AUV of $2.66MM+ according to Franchise Times
–Ranked #133 on Entrepreneur’s Franchise 500, an increase from #298 in 2023 | Has been ranked as a top franchise each year since 2013
–Experienced a 9.1% YoY sales growth in 2023
–“The Official Chicken of Sports Fanz” and has collective intellectual property rights at nearly 30 Division-I colleges through a deal with their football and basketball teams
–$2.4B in system-wide sales in 2022, a ±10% growth year-over-year

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,607 SF

Building Class

Year Built

2005

Price

£3,090,118

Price Per SF

£1,185

Net Initial Yield

6.25%

NOI

£193,142

Tenancy

Single

Number of Floors

Building FAR

0.06

Lot Size

0.99 AC

Zoning

B-1 - Business

Parking

47 Spaces (18.03 Spaces per 1,000 SF Leased)

Frontage

175 ft on South Fourth Street

Amenities

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Enjoying great chicken in an atmosphere where you could be yourself? That’s what childhood friends Zach McLeroy and Tony Townley wanted to achieve when they founded Zaxby’s back in the 1990s. Many years and locations later, Zaxby’s is still delivering on that promise: to serve delicious chicken fingers, wings, sandwiches and salads in a fun, offbeat atmosphere where they welcome customers as friends.