Investment Highlights
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 | 6.96% 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, DollarGeneral, 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
