Zaxby's - Net Lease Property for Sale
Hueytown, AL
Key Investment Metrics
Price
$2,957,000
Cap Rate
6.0%
Net Operating Income
$177,435
Building Size
4073 SF
Lot Size
4,073 SF
Land Area
0.91 Acres
Remaining Term
16.5 years
Lease Expiration
06/30/2042
Lease Term
20 years
Lease Commencement
07/01/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2009
Occupancy
100%
Tenancy
Single
Rent Increases
2% annually starting 6/1/28
About This Zaxby's Net Lease Property
This Zaxby's NNN (triple net lease) property is located in Hueytown, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 4073 square feet of building space and was built in 2009.
With a cap rate of 6.0%, this Zaxby's net lease property offers stable income potential. The asking price is $2,957,000, 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.
Hueytown, AL Market Overview
Located in Hueytown, AL, this Zaxby's property benefits from strong local demographics and market fundamentals. The Hueytown area offers excellent visibility and accessibility, making it an ideal location for Zaxby's operations and a solid investment for net lease property buyers.