STREAM Capital Partners > Properties > All Properties > Zaxby’s

Zaxby’s

Net Lease

2005 W Reelfoot Ave, Union City, Tennessee
Ownership Type:
Fee Simple
Price:
$2,328,304
Cap Rate:
6.25%
Current Rent:
$145,519
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
2, 10 Year Options
Building Sq. Ft.:
3,933 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.86 Acres

Investment Highlights

  • Absolute NNN lease with over 18 years remaining and no landlord responsibilities.
  • Guaranteed by Zaxby’s largest franchisee, Roost & Rise Holdings, LLC, with over 100 locations across 6 States and growing.
  • Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
  • Strategically Located Nearby Numerous National Retailers Including Taco Bell, Hardee’s, Verizon, and Applebee’s
  • Prime location just off Highway 51, a major north-south corridor with over 30,000 vehicles per day ensuring high visibility and accessibility
Ownership Type:
Fee Simple
Price:
$2,328,304
Cap Rate:
6.25%
Current Rent:
$145,519
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
2, 10 Year Options
Building Sq. Ft.:
3,933 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.86 Acres

Listing Agents

Adam Baxter

Vice President
205 394 3520[email protected]

Blake Micholas

Analyst
301 412 4555[email protected]

Broker of Record: Connor Shell, TN Lic. #371818

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