Zaxby's | 2880 Allison Bonnett Memorial Dr
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Zaxby's 2880 Allison Bonnett Memorial Dr
3,301 SF 100% Leased Retail Building Hueytown, AL 35023 £2,370,030 (£718/SF) 6.25% Net Initial Yield
Investment Highlights
- The subject investment property is subject to an absolute triple net (NNN) lease, with zero landlord responsibilities.
- The subject property is under a lease term of over 17 years, generating long-term stabilized passive income.
- The subject investment property's lease is guaranteed by Credit to Chicken LLC, a 29-unit Zaxby's operator.
- The subject investment property is subject to 2% annual increases beginning in June of 2028, hedging against inflation.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Zaxby's
located at 2880 Allison Bonnett Memorial Drive, Hueytown, AL
35023. The site consists of roughly 3,810 rentable square feet of
building space on an estimated 0.84-acre parcel of land. This
Zaxby's is subject to a 20-year Triple Net (NNN) lease, which
commenced 5/26/2022. The current annual rent is $187,500 and
has scheduled increases of 2.00% Annually Beginning 6/1/2028.
located at 2880 Allison Bonnett Memorial Drive, Hueytown, AL
35023. The site consists of roughly 3,810 rentable square feet of
building space on an estimated 0.84-acre parcel of land. This
Zaxby's is subject to a 20-year Triple Net (NNN) lease, which
commenced 5/26/2022. The current annual rent is $187,500 and
has scheduled increases of 2.00% Annually Beginning 6/1/2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,301 SF
Building Class
C
Year Built
2009
Price
£2,370,030
Price Per SF
£718
Net Initial Yield
6.25%
NOI
£148,127
Percent Leased
100%
Number of Floors
1
Building FAR
0.08
Land Acres
0.91 AC
Zoning
B-3
Parking
32 Spaces (9.69 Spaces per 1,000 SF Leased)
Frontage
55 ft on Old Warrior River Road
Nearby Major Retailers
-
Power Broker Glen Kunofsky -
Armond Aivazyan -
NNN Pro Group
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Zaxby's | 2880 Allison Bonnett Memorial Dr
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