Investment Highlights
Approximately 19 Years Remaining | 2% Annual Rental Increases | Well Known & Established Brand | Experienced 19-Unit Operator
Strong National/Credit Tenants | Dense Retail Trade Area | Eastwood Village (350,000 SF Community Center)
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection | Interstate 20 (47,100 VPD) |Multiple Nearby Apartment Complexes | Heavily Traveled Corridor
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, freestanding Zaxby?s investment property located in Irondale, Alabama (Birmingham MSA). The tenant, Credit to Chicken, LLC has approximately 19 years remaining in their current term and 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 2% annual rental increases beginning in year 7 of the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for passive investor. Founded in 1990, Zaxby?s is a well-known and popular concept that has grown to over 925 locations across 19 states. The lease is guaranteed by an experienced franchise operating 19 units.
