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Zaxby's Hueytown, AL | NNN Pro | FOR SALE

$3,000,000

2880 Allison-Bonnett Memorial Drive, Bessemer, AL 35023

Active
Last Updated: 09/27/2024

6.25

Cap Rate

3,301 sqft

Building Size

Details:
Cap Rate:    6.25%
Building Size:    3,301 sqft
Lot Area:    0.91 acres
Lease Type:    Triple Net
Year Built:    2009
Highlights:
  • Absolute Triple Net (NNN) Lease | The subject investment property is subject to an absolute triple net (NNN) lease, with zero landlord responsibilities.
  • Long Term Lease The subject property is under a lease term of over 17 years, generating long-term stabilized passive income.
  • Strong Franchisee Guarantee | The subject investment property's lease is guaranteed by Credit to Chicken LLC, a 19-unit Zaxby's operator.
  • Annual Increases Beginning 6/1/2028 | The subject investment property is subject to 2% annual increases beginning in June of 2028, hedging against inflation.
Description:

NNN Pro is pleased to present the exclusive listing for a Zaxby's located at 2880 Allison Bonnett Memorial Drive, Hueytown, AL 35023. The site consists of roughly 3,810 rentable square feet of building space on an estimated 0.84-acre parcel of land. This Zaxby's is subject to a 20-year Triple Net (NNN) lease, which commenced 5/26/2022. The current annual rent is $187,500 and has scheduled increases of 2.00% Annually Beginning 6/1/2028.

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