Zaxby's 4383 Courtney Dr

4383 Courtney Dr , Tuscaloosa, Alabama, 35405 | 3,217 sq.f | $ 2,090,000

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About This Restaurant

Investment Highlights

Executive Summary

Dash Commercial Real Estate Advisors, LLC - In Cooperation withBang Realty Alabama Inc. - is pleased to exclusively present for salethe leasehold interest in the Zaxby's located on Courtney Drive inTuscaloosa, AL. This property boasts a recently extended leasebringing the current term to just under 7 years with three 5 YearOptions to Renew. The lease is Corporately Guaranteed by Zaxby's,and this property is currently ranked #3 in the nation in system-widesales, with 2022 reported sales of $4.3M.*Sale Price is based on the scheduled rent change when the GroundLease Option to Renew is executed in June of 2025. Current NOI is$188,057 giving a Potential Purchase a 9% Cap Rate until the theoption is exercised.

Property Details

  • Sale Type    Investment
  • Sale Condition    Ground Lease (Leasehold)
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
  • Building Size    3,217
  • Building Class    B
  • Year Built    2005
  • Price    2,090,000
  • Price Per SF    650
  • Cap Rate    8.50
  • NOI    177,650
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.07
  • Land Acres    1.03 AC

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Property Taxes

Parcel Number 36-01-02-1-005-002.005 Improvements Assessment $24,720
Land Assessment $162,980 Total Assessment $187,700
Date Created: 2024-07-16 04:09:19 Last Updated: 2024-07-16 04:09:19
Address: 4383 Courtney Dr , Tuscaloosa, Alabama, 35405