The NNN Pro Group is pleased to present the exclusive listing for a Zaxby’s located at 1548 Montclair Rd in Birmingham, Alabama. The site consists of roughly 2,799 rentable square feet of building space on estimated 0.67-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 $155,455 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