Shelby NC - Zaxby's

Description:

New 20-Year Lease | Options To Extend | 10% Rent Increases Every 5 Years | Top Performing Location.
The tenant recently signed a brand-new 20-year lease commencing in June 2026, featuring 2 additional 5-year renewal options, demonstrating long-term commitment to the site.
Scheduled 10% rent increases every 5 years throughout the primary term and each renewal option enhance long-term NOI growth and provide a built-in hedge against inflation.
This location ranks #6 in North Carolina and #15 nationwide for all Zaxby’s locations (Placer.ai).
The tenants has a very healthy rent to sales ratio of ~6.50% (financials can be provided).

Newly Constructed Building | Absolute NNN Lease.
Constructed in 2023 with modern design, materials, and systems, the property offers contemporary aesthetics and operational efficiency consistent with today’s retail development standards.
The lease is structured as an Absolute NNN lease, with the tenant responsible for CAM, taxes, insurance, and all maintenance of the premises.
This zero-responsibility structure makes the asset an ideal, management-free investment for out-of-state or passive investors.

Strong National Brand & Franchisee Operator.
Zaxby’s was founded in 1990 and has since expanded to 1,005 locations in 25 states.
The lease guarantor, Roost and Rise Holdings LLC, operates over 100 locations and is the largest franchisee in the Southeast
Ranked #27 on QSR Magazine’s 2025 release of its top 50 restaurants based on US system-wide sales, and #6 in the in the Chicken category.

Dense Residential Base | Strong Demographics.
Over 39,500 residents and 18,400 employees within a 5-mile radius.
Average household income within 1 mile projected to grow from $93,693 in 2026 to $105,034 by 2031.

Strategically Positioned Pad-Site to Cleveland Mall | Excellent Frontage, Visibility & Access | Strong Traffic on Highway 74 | Proximity to Local Car Dealerships.
Located directly in front of Cleveland Mall, a 409,000 square foot regional shopping mall, anchored by Marshalls, Belk, Bealls, AMC Theater, Dunham’s Sports, Dollar Tree and Bath & Body Works.
Outstanding visibility and access on Highway 74, one of Shelby’s primary commercial corridors.
39,500 cars pass the site on East Dixon Blvd (Highway 74) each day on average (VPD).
Shelby is strategically positioned between Charlotte, NC and Greenville, SC; supporting connectivity to larger regional employment centers and consumer markets
Shelby is the county seat of Cleveland County and part of a growing micropolitan region that was named the #1 Top Micropolitan in North Carolina and #7 in the United States by Site Selection Magazine, reflecting strong local economic development activity relative to peer markets nationwide
Surrounded by several local car dealerships (Shelby Auto Mall, Discovery Nissan, Classic Ford Lincoln, etc) providing a steady customer base keeping Zaxby’s top-of-mind.

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Listing ID: a28TP000003UE0bYAG