Absolute NNN Zaxby’s - LoopNet€¦ · Absolute NNN Zaxby’s Marietta, GA. Zaxbys 2080 Lower...

Zaxby’s

2080 Lower Roswell Rd, Marietta (Atlanta MSA), GA 30068

James Capital Advisors

Marketing Package

Absolute NNN Zaxby’sMarietta, GA

Zaxby’s



The Offering

$1,750,000

8.00%

$140,000

$363.37

$29.07

Richard Brehaut

(424) 325-2608

SUBMIT OFFER

FINANCIAL SUMMARYPurchase Price

Cap Rate

Net Operating Income

Price / SF

Rent / SF

Listing Agent

Phone Number

Email

PROPERTY INFOTenant

Street Address

City

State

Zip

APN

GLA

Lot Size

Year Built

Zaxby’s

2080 Lower Roswell Rd

Marietta (Atlanta MSA)

GA

30068

16124400710

4,816 SF

0.85 AC

2004

INVESTMENT HIGHLIGHTSZero Landlord ResponsibilitiesThis property is subject to an Absolute Net (NNN) lease with the tenant responsible for all expenses associated with the property, including roof and structural components of the building.

Rare Annual IncreasesThere are 2% annual rental increases built into this lease, providing an investor with an excellent hedge against inflation.

Well-Established and Experienced OperatorPoultry Partners has been successfully operating this franchise location since 2005. This store has experienced historically positive sales growth and has out paced the Zaxby’s system sales average.

Thriving Atlanta MSAThe Atlanta MSA is the business capital of the south- eastern U.S. and a global business hub. In 2018, the Atlanta MSA was ranked as the third fastest-growing metro area in the nation.

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Zaxby’s



Property Image

Zaxby’s



Lease Summary

Tenant Responsible

Tenant Responsible

Tenant Responsible

Franchisee

Poultry Partners

Private

14

2

Real Estate Taxes

Insurance

Repairs & Maintenance

Zero Landlord Responsibilities

Lease Guarantor

Company Name

Ownership

Years in Business

Number of Locations

LEASE SUMMARYLease Type

Type of Ownership

Original Lease Term

Commencement Date

Lease Expiration

Term Remaining

Increases

Options

ROFR / ROFO

Absolute Net (NNN)

Fee Simple

20 Years

Close of Escrow

March 31,2025

6 Years

2% Annual

Two (2), 5-Year Options

Yes, ROFR

INVESTMENT HIGHLIGHTSKennesaw State University (Marietta Campus)Kennesaw State University, located less than three miles from the subject property, is home to more than 6,000 students and is one of Georgia’s most innovative institutions in teaching.

High Site-Level Visibility Ideally located in a dense residential area, this property sits on Lower Roswell Road where traffic counts exceed 15,000 vehicles per day.

Pad Site to Shopping CenterThis property is a pad site to the New Market Center, a 47,097-square foot shopping center made up of local and regional tenants.

Neighboring Several SchoolsFaith Lutheran School, Sedalia Park Elementary School, Powers Ferry Elementary School, Eastvalley Elementary School and Wheeler High School are all in the surrounding area of the subject property.

Easy Highway AccessThe property is situated in close proximity to the 120 Loop (46,400 VPD), providing convenient access to vehicles coming and going to the site.

Zaxby’s



Rent Schedule

8.00%

8.16%

8.32%

8.49%

8.66%

8.83%

$29.07

$29.65

$30.24

$30.85

$31.47

$32.10

-

2%

2%

2%

2%

2%

$11,666.67

$11,900.00

$12,138.00

$12,380.76

$12,628.38

$12,880.94

$140,000.00

$142,800.00

$145,656.00

$148,569.12

$151,540.50

$154,571.31

Base Term

Base Term

Base Term

Base Term

Base Term

Base Term

04/01/2019 - 03/31/2020

04/01/2020 - 03/31/2021

04/01/2021 - 03/31/2022

04/01/2022 - 03/31/2023

04/01/2023 - 03/31/2024

04/01/2024 - 03/31/2025

CAP RATERENT / SFINCREASEMONTHLY RENTANNUAL RENT PERIODRent Schedule

Zaxby’s



About the Brand

ABOUT THE BRANDBrand HistoryZaxby’s was established in 1990 by childhood friends Zach McLeroy and Tony Townley. The company first opened its doors near Georgia Southern University in Statesboro, GA and now Zaxby’s operates in 17 total states.

Brand OverviewZaxby’s offers its guests expertly prepared-at-order chicken fingers, chicken wings, salads and sandwiches in a fast casual dining environment.

The company primarily operates in the Southern United States with a major presence in Alabama, Arkansas, Georgia, Kentucky, Oklahoma, Texas and Florida, with over 800 total locations.

Zaxby’s locations are full-service restaurants in freestanding buildings with in-store seating and drive-thru windows. Zaxby’s is ranked as one of the top fast casual restaurants in the nation.

2017 U.S. Sales

$1.9 Billion

Nationwide Locations

800+

States

17 throughout South & Utah

ABOUT THE OPERATORMuch of the success of the store is due to the management partnership of John Silvey and Marshall Franklin. John came to join Poultry Partners before the store opened in 2005, bringing 5 years restaurant and restaurant management experience with him. Additionally, Marshall brings the financial knowledge and the business skills necessary to manage the operation. Marshall attended University of Georgia for undergraduate studies and received his Master of Business degree as well as his Master of Health Care Administration from Georgia State University.

Since opening, this store has been recognized or won the following for outstanding service and training:

• 2007-Training Store of the Year within Zaxby’s Franchising• 2015- Restaurateur of the Year Award presented by Georgia Restaurant Association• 2016-Cobb County Chamber of Commerce-Small Business of the Year Top 25• 2018-Neighbor Award-National Restaurant Association.

Zaxby’s



Location Overview

LOCATION OVERVIEWAtlanta MSAAtlanta is the business capital of the Southeast. The region continues to outpace the nation’s best-known metropolitan regions - all while ensuring a future of further growth and innovation.

Home to 15 Fortune 500 CompaniesAtlanta is home to Fortune 100 companies such as The Home Depot, United Parcel Service (UPS), Delta Airlines, Inc. and The Coca-Cola Company, as well as numerous Fortune 500 companies.

25 Miles from the Busiest Airport in the WorldAtlanta International Airport (ATL) is the busiest and most efficient airport in the world. ATL generates a $34.8 billion economic impact for metro Atlanta and provides more than 63,000 jobs on-site.

#1 Moving Destination in the NationPenske Truck Rental named Atlanta the top moving destination in the U.S. for the eighth straight year in 2018. Penske attributes Atlanta’s top spot to climate, the economy and low housing prices.

Atlanta Braves New $672 Million StadiumSunTrust Park, just six miles from the property, is a destination that integrates a state-of-the-art Major League Baseball ballpark with a multi-use development and community.

Strong Focus on Economic DevelopmentThe City of Marietta’s Economic Development Division fosters local economic growth by attracting and retaining businesses, encouraging redevelopment and embracing innovation.

Minutes from Air Force Plant 6Air Force Plant 6, known during World War II as the Bell Bomber Plant, is a 926-acre government-owned, contractor-operated aerospace facility at Dobbins Air Reserve Base in Marietta, Georgia.

Marietta, GAMarietta, one of Georgia’s most populous cities, is 15 miles northwest of Atlanta and the Cobb County seat. Marietta is a full-service municipality distinguished by its history and quality of life.

Kennesaw State University (KSU)In 2018, KSU was elevated to an “R2” designated institution – a doctoral university with high research activity. KSU’s economic impact on the local and regional economy is over $1.4 billion.

Two Miles from Six Flags White WaterSix Flags White Water is a 69-acre water park located off Interstate 75 just a few miles north of Atlanta in charming Marietta, Georgia.

MARIETTA, GA

Zaxby’s



Retail Aerial

Zaxby’s



Site Plan

Zaxby’s



Demographics

10 MILE

344,614

323,325

288,718

6.58%

11.99%

$105,153

$76,367

5 MILE

93,533

87,973

79,967

6.32%

10.01%

$87,585

$62,302

3 MILE

35,558

33,438

30,364

6.34%

10.12%

$81,095

$56,221

1 MILE

4,928

4,625

4,137

6.55%

11.80%

$73,795

$52,196

HOUSEHOLDS

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

HOUSEHOLDS

Avg. HH Income

Med. HH Income

10 MILE

846,146

794,222

711,205

6.54%

11.67%

5 MILE

229,112

215,244

193,926

6.44%

10.99%

3 MILE

87,263

82,005

74,062

6.41%

10.72%

1 MILE

11,256

10,571

9,510

6.48%

11.16%

DEMOGRAPHICSPOPULATION

2023 Projection

2018 Estimate

2010 Census

Growth 2018 - 2023

Growth 2010 - 2018

Marietta, GAMarietta, one of Georgia’s most populous cities, is 15 miles northwest of Atlanta and the Cobb County seat. Marietta is a full-service municipality distinguished by its history and quality of life.

20 Milesfrom Atlanta, GA

Zaxby’s



DISCLAIMERThe information contained in this Marketing Brochure has been obtained from sources believed to be reliable. However, James Capital Advisors, Inc. & Andrew Knight (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITYThis Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASEThis Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker. from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property.

NON-ENDORSEMENTBroker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

Disclaimer

Zaxby’s



Contact Information

Contact Information

SUBMIT OFFER

Andrew KnightNew England Commercial Brokerage, Inc.

(860) 648-1600 GA RE Lic. 365226

Richard BrehautVice President

(424) [email protected] RE Lic. 01934760

mailto: [email protected]?subject=LOI - Zaxby's - Marietta, GA

Absolute NNN Zaxby’s - LoopNet€¦ · Absolute NNN Zaxby’s Marietta, GA. Zaxbys 2080 Lower...

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