Zaxby’s Brooksville, Florida

$3,476,166
Cap Rate: 6.00%
Closed Single-Tenant

Property Details

Cap Rate: 6.00%
Price: $3,476,166
Rentable Square Feet: 3,885
Annual Rent: $208,570
Price PSF: $894.76
Land Area: 1.09 Acres
Year Built: 2019
Lease Guarantor: Franchisee
Lease Type: NNN
Lease Term: 20 Years
Option Periods: 4, 5-Year Options
Rent Increases: 8% Every 5 Years
Lease Expiration: 4/14/2039

31015 Cortez Blvd.
Brooksville, FL 34602

Investment Highlights

  • New, 20-Year Triple Net (NNN) Lease
  • Four, Five-Year Renewal Options with Eight Percent Rental Increases Every Five Years Throughout Base Term and Option Periods
  • Brand New Construction; Scheduled to Open April 2019
  • Franchisee is a Multi-Unit Zaxby’s Operator | the Company Operates Six Locations and has Several Locations Under Development
  • Located Directly off Interstate 75 Which has a Daily Traffic Count of More Than 50,000 Vehicles
  • Surrounding National Brands Include Winn Dixie, Dollar General, Advance Auto Parts, Hampton Inn, Holiday Inn, Days Inn, McDonald’s, Burger King and Many More

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand new Zaxby’s located in Brooksville, Florida. Zaxby’s is currently under construction and is scheduled to open April 2019. This location offers a new 20-year, triple net (NNN) lease. There are four, five-year renewal options with eight percent rental increases every five years throughout the base term and option periods.

This location is owned and operated by Swamp Dawg, LLC, which is a multi-unit Zaxby’s franchisee. Swamp Dawg, LLC operates six locations and has several locations under development.

The subject property is located directly off Interstate 75 which has a daily traffic count of more than 50,000 vehicles. Surrounding national brands include Winn Dixie, Dollar General, Advance Auto Parts, Hampton Inn, Holiday Inn, Days Inn, McDonalds, Burger King and many more.

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