Tenant: Zaxby’s
Premises: 3804 SF
Renewal Options: 3 x 5
Lease Expiration: 18 Years Following COE
Lease Type: NNN
Rental Increases: 8% Every 5 Years
- Zaxby’s Sale Leaseback Investment with 18 Year Lease Term
- Lease Calls for 8% Rent Increase Every 5 Years
- Three 5-Year Options Remain
- Located Along Dense Retail Corridor in a Highly Populated Destination City
- Franchise Operated – Owner Plans to Open Six New Locations in 2016
Zaxby’s is a franchised chain of fast casual restaurants offering chicken wings, chicken fingers, sandwiches, and salads. The company operates primarily in the Southeastern United States with more than 600 locations. The first Zaxby’s was established in Statesboro, Georgia, near the Georgia Southern University campus, by childhood friends Zach McLeroy and Tony Townley. The company operates as a casual dining restaurant, offering prepared-at-order chicken fingers, chicken wings, sandwiches, salads, and appetizers. Dipping sauces are offered with chicken finger orders, and range from mild, to the moderate “Zax sauce”, to the intensely hot “Nuclear” and “Insane”. Dining rooms at Zaxby’s restaurants are decorated with assorted whimsical objects and signs, which often vary in theme by location and region. Some locations in college towns feature objects and decorations related to the local university
