Zaxby's

4400 Central Avenue, Hot Springs, AR 71913

$2,304,000

Cap Rate 6.25%

$2,341,463

Cap Rate 6.15%

DOM: 67 Updated: 04.01.24 Posted: 11.22.23 Status: Sold 01.29.24

Summary

Price $2,304,000 $2,341,463	Built/Renov 2014/2024	Tenant Zaxby's
Cap Rate 6.25% 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,996	Lease Start 05-01-2024	#Units 31
Price/SF $576.58 $585.95	Expiration 04-30-2049	Tenant Type Fast Casual/Rest.
NOI $144,000	R. Term 23.12	Ownership Fee Simple
Rent/SF $36.04	Increases 2.0%/1/yrs	Pop 5Mi 51,857
Lot/AC 1.06	Options 4/5yrs/2%	AHHI 5Mi $65,197

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Zaxby’s to sign a brand-new 25-year lease with 4 (5-year) options to extend upon close of escrow
Lease features 2% annual rent increases throughout the initial term and each option
Absolute NNN | Zero landlord responsibilities
Personal guarantee by DND Groups, Inc. (31 units)

Location Description

Zaxby's is strategically located at the intersection of Central Avenue and Temperance Hill Road, with a combined daily traffic count of 25,000 vehicles passing by daily. The property boasts excellent visibility and accessibility, positioned along Central Avenue, Hot Spring’s main thoroughfare. Moreover, it is situated just 2 miles from Chi St. Vincent Hospital. The immediate vicinity is...

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Key Features

Recent renovation
Dense retail corridor
Strategically located
Strong tenant synergy
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee
25+ unit franchisee backed

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Links

Zaxby's Wikipedia Zaxby's Wikipedia Hot Springs, Arkansas Zip Code 71913 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Zaxby's
Guarantor:Franchisee
Company:DND Groups, Inc.
# Units:31
Stock:Private

About Tenant

Zaxby's is a privately held, American chain of fast-casual restaurants offering chicken wings, chicken fingers, sandwiches, salads, and nine signature sauces, including their famous “Zax”...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,548	22,610	54,273
2023 Total Population :	3,497	22,587	54,014
2023 Employed Civilian Pop :	1,611	9,530	23,629
2023 Total Businesses :	360	1,334	2,989
2023 Average Household Income :	$ 70,512	$ 74,419	$ 73,592
2023 Total Consumer Spending :	$ 118 M	$ 683 M	$ 1536 M
2023 Median Age :	53	50	46
2023 Total Households :	1,919	10,515	23,844
2023 Pop Age 25+: Bachelor's Degree :	356	2,834	6,907
2023 Average Home Value :	$ 224,761	$ 234,067	$ 227,880

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Higdon Ferry Road	Mall Dr	2021	13,000	0.33 mi
Lakeland Drive	Yorkshire Dr	2021	4,300	0.45 mi
Lakeland Drive	Lake Hamilton Dr	2021	2,600	0.53 mi
Higdon Ferry Road	Twin Points Rd	2021	21,000	0.53 mi
Twin Points Road	Willow Bend Cir	2021	2,600	0.61 mi
Central Avenue	Higdon Ferry Rd	2021	24,000	0.69 mi
270	Higdon Ferry Rd	2021	8,900	0.92 mi
270	Postal Ridge Ct	2021	3,900	0.96 mi
270	Higdon Ferry Rd	2021	7,600	0.98 mi
Dr Martin Luther King Jr Expressway	Lakeshore Dr	2021	40,000	0.99 mi

Listing Broker

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