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Zaxby’s

Birmingham, Alabama

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The NNN Pro Group is pleased to present the exclusive listing for a Zaxby’s located at 5881 Trussville Crossings Blvd in Birmingham, Alabama. The site consists of roughly 3,301 rentable square feet of building space on estimated 1.26-acre parcel of land. This Zaxby’s is subject to a 20-year absolute triple-net (NNN) lease, which commenced May 26th 2022. The current annual rent is $176,653 and is scheduled to increase by 2.00% annually starting in year 7 and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Growing Franchisee | Credit to Chicken LLC
✓ Two Percent (2%) Rental Increases Occurring Annually Starting in Year Seven (7)
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Key Details

Price:
$3,072,226
Cap Rate:
5.75%
Annual Rent:
$176,653
Address:
5881 Trussville Crossings Blvd, Birmingham, Alabama 35235
Property Type:
Net-Lease Quick-Service Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
May 26, 2022
Lease Expiration:
May 31, 2042
Lease Term Remaining:
19+ Years
Rental Increases:
2.00% Annually Starting Year 7
Lot Size:
1.26 Acres
Building Size:
3,301 SF
Year Built:
2006
Tenant:
Zaxby’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Kyle Karsian

License: 10401321452

Robert Stein

License: 10401341647


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