Zaxby's - Net Lease Property for Sale
Birmingham, AL
Key Investment Metrics
Price
$2,944,217
Cap Rate
6.0%
Net Operating Income
$176,653
Building Size
3301 SF
Lot Size
3,301 SF
Land Area
1.26 Acres
Remaining Term
15.9 years
Lease Expiration
05/31/2042
Lease Term
20 years
Lease Commencement
06/01/2022
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Franchisee, Corporate Guarantee
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
2% annually beginning 6/1/2028 & during option periods
About This Zaxby's Net Lease Property
This Zaxby's NNN (triple net lease) property is located in Birmingham, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 3301 square feet of building space and was built in 2006.
With a cap rate of 6.0%, this Zaxby's net lease property offers stable income potential. The asking price is $2,944,217, making it an attractive option for 1031 exchange investors seeking quality Zaxby's commercial properties.
Why Invest in Zaxby's NNN Properties?
- Stable Income: Zaxby's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Zaxby's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Birmingham, AL Market Overview
Located in Birmingham, AL, this Zaxby's property benefits from strong local demographics and market fundamentals. The Birmingham area offers excellent visibility and accessibility, making it an ideal location for Zaxby's operations and a solid investment for net lease property buyers.