Spartanburg, SC - Zaxby's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Zaxby’s investment property located in Spartanburg, South Carolina. The tenant, ZaxBax Spartanburg, LLC signed a 20 year lease with over 19 years remaining. The lease features 1.5% annual rental increases throughout the term steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Zaxby’s is strategically located along Cedar Springs Road, which carries approximately 12,300 vehicles per day, and benefits from close proximity to Southport Road / State Highway 295 with approximately 16,600 VPD and State Highway 9 / U.S. Highway 176 with approximately 23,900 VPD, providing strong visibility and convenient access within a well-trafficked retail corridor. The property is situated as an outparcel to Cedar Springs Crossing, an established retail center featuring national and regional tenants including Dollar Tree, Advance Auto Parts, Subway, Domino’s, CATO, and Waffle House. The asset is also surrounded by a strong mix of nearby national retailers and daily-needs drivers, including Walmart Neighborhood Market, McDonald’s, Walgreens, Starbucks, KFC, Bojangles, CVS Pharmacy, Ingles, Metro by T-Mobile, and AutoZone, which help generate consistent consumer traffic to the area. In addition, the property benefits from its location within Spartanburg’s primary commercial corridor, supported by regional connectivity via Interstate 26 and Interstate 85. The surrounding 5-mile trade area is supported by a population of approximately 68,889 residents with an average household income of approximately $81,820, providing a solid base of long-term consumer demand.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002RlOHYA0