1236 S 4th St - Fast Food FOR SALE


Hartsville, SC 29550
$3,945,000 USD
818-632-0233
1236 S 4th St, Hartsville, SC for Sale
$3,945,000 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

1236 S 4th St
Hartsville, SC 29550


HIGHLIGHTS

  • Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities
  • Strong sales and healthy rent-to-sales ratio | ±25% above-average in sales for a Zaxby’s
  • Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details
  • Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | ±$5.7MM in guaranteed income
  • Site is outparceled to a Walmart Supercenter-anchored shopping center
  • Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024

OVERVIEW

• Long-term, passive investment | New, 20-year, absolute NNN lease with zero Landlord responsibilities • Lease is backed by Guernsey Holdings ZRC Opco, LLC which currently has 20 locations open and operating – High net-worth guarantee | Speak with Agent for details • Strong sales and healthy rent-to-sales ratio | Speak with Agent for details – ±25% above-average in sales for a Zaxby’s • Tenant plans on undergoing a large-scale exterior remodel within the next 24 months | Speak with Agent for details • Strong hedge against inflation | Lesser of 10% or CPI increases every 5 years throughout the initial term and options | 7.25% Avg CAP (assuming purchase at List Price) with ±$5.7MM in guaranteed income over the base term • Site is outparceled to a Walmart Supercenter-anchored shopping center | Other tenants include Sally Beauty, McDonald’s, Jersey Mike’s, Pizza Hut, Dollar Tree, Wendy’s, among others • Great visibility from South 4th St which sees ±14,000 VPD • Subject Property is walking distance to: – Hartsville Mall | Anchored by Belk and Rose’s Discount Store – Lowe’s, Piggly Wiggly, Big Lots, Starbucks, Burger King, Fresenius, Dunkin’, KFC, NAPA Auto Parts, Harbor Freight Tools, Goodwill, Dollar General, Advance Auto Parts, O’Reilly Auto Parts, Shoney’s, among others • Zaxby’s is one of the largest QSR chains in the country with 950+ locations across 17 states | Has agreements for 35+ new locations in 2024 –Ranked #38 on Technomic’s Top 500 Chain Restaurant Report –Ranked #45 on Franchise Times Top 400 QSRs in 2023, an increase from #62 in 2022 –AUV of $2.66MM+ according to Franchise Times –Ranked #133 on Entrepreneur’s Franchise 500, an increase from #298 in 2023 | Has been ranked as a top franchise each year since 2013 –Experienced a 9.1% YoY sales growth in 2023 –“The Official Chicken of Sports Fanz” and has collective intellectual property rights at nearly 30 Division-I colleges through a deal with their football and basketball teams –$2.4B in system-wide sales in 2022, a ±10% growth year-over-year

FOR SALE DETAILS

PRICE

$3,945,000 USD

PRICE/SF

$1,513 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's | Well Above-Avg Sales | 20-Yr NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

B-1

APN/PARCEL ID

056-00-01-137.A

ASK ABOUT THIS PROPERTY

Aron ClineBerkeley Capital AdvisorsMore Info
818-632-0233

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Aron ClineBerkeley Capital AdvisorsMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.