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 ? Nearly 25% above-average in sales for Zaxby?s? 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 ?$5.8MM in guaranteed income over the base term? Great access and visibility from Broad St which sees ?28,200 VPD? Superb retail corridor | Subject Property is walking distance to: ? Sumter Mall | Anchored by Belk, Rose?s Discount Store, and Planet Fitness ? Wesmark Plaza | Big Lots-anchored shopping center ? Sumter Square | Piggly Wiggly-anchored shopping center ? A Burlington and Hobby Lobby-anchored strip center ? Gateway Plaza | a T.J. Maxx, Hibbett Sports, and ULTA-anchored shopping center ? A Walmart Supercenter-anchored shopping center ? A Lowe?s-anchored shopping center ? University of South Carolina-Sumter | 1,387 students? 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
