Brand New 2023 Construction | 20-Year Absolute NNN Lease
– Brand New 2023 Construction Zaxby’s with zero landlord responsibilities.
– Twenty-year base term with four, five-year options to renew.
– Annual increases of 1.50% during the initial term and option periods.
Top 3 Chicken Chain in the Country by Average Unit Volume ($2.72M)
– Zaxby’s did $2.56B in sales across their 940+ stores, trailing only Chick-Fil-A and Raising Cane’s in average unit volume (AUV) for chicken restaurants.
– Zaxby’s AUV of ($2.72M) in 2023 was a 9.1% increase from 2022.
Double Drive-Thru | Stoplight Intersection off Major Interstate (I-85)
– Double Drive-Thru is Zaxby’s newest prototype providing customers with more efficient service and experience.
– Subject property is less than ½ mile away from I-85 and Greenville HWY with 97,000+ vehicles per day, while subject property sees 30,000+ vehicles per day.
– Large 1 Acre parcel provides customers with enough parking and traffic flow.
Dynamic Location with Major Traffic Drivers
– Hwy 85 connects Spartanburg SW to Greenville (22mi) and Atlanta (165mi) and NE to Charlotte (81mi).
– Subject property is 1 Mile away from 2.75M Sq Ft of Industrial properties.
– Subject property is less than 1 Mile away from ~1,000 Units of new Apartment units.
– Across the street from newly opened 120,000 SF Charter School which aims to enroll 1,200 students and currently hosts youth sports leagues and events with 4 full size turf and grass fields,
beach volleyball courts, indoor courts, and weight room.
Spartanburg is a Top Growth Market in the United States
– Greenville-Spartanburg-Anderson is the 8th Largest MSA in Southeast and Spartanburg was the 8th Fastest Growing Metro in the U.S. in 2023 (U.S. Census Bureau).
– Spartanburg County landed $1.1B in new investment in 2023 (GSA Business).
– Subject property had 2.0% annual population growth in a 3 mile radius with projected 2.7% annual population growth in the next 5 years (CoStar Group).
