Zaxby's

20680 I-30 Frontage Rd, Benton, AR 72019

$2,406,832

Cap Rate 6.44%

$2,520,325

Cap Rate 6.15%

DOM: 63 Updated: 04.01.24 Posted: 11.22.23 Status: Sold 01.25.24

Summary

Price $2,406,832 $2,520,325	Built/Renov 2015	Tenant Zaxby's
Cap Rate 6.44% 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,949	Lease Start 05-01-2024	#Units 31
Price/SF $609.48 $638.22	Expiration 04-30-2049	Tenant Type Fast Casual/Rest.
NOI $155,000	R. Term 23.12	Ownership Fee Simple
Rent/SF $39.25	Increases 2.0%/1/yrs	Pop 5Mi 68,297
Lot/AC 1.17	Options 4/5yrs/2%	AHHI 5Mi $86,493

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 along frontage Road, directly off of Interstate 30 seeing a combined 105,500 vehicles passing daily. The site benefits from its location along a dense retail corridor with neighboring national/credit tenants including Target, Burlington Coat Factory, Starbucks, Petco, Five Below and many others. Over 68,290 residents earning an average annual income of $86,493...

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Key Features

Dense retail corridor
Near major nationals
Freeway visibility
Top 100 MSA
Affluent suburb location
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

Zaxby's Wikipedia Zaxby's Wikipedia Benton, Arkansas Zip Code 72019 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 :	5,625	38,594	72,419
2023 Total Population :	5,548	37,421	69,658
2023 Employed Civilian Pop :	3,266	20,441	36,980
2023 Total Businesses :	253	1,271	2,182
2023 Average Household Income :	$ 78,824	$ 94,806	$ 94,196
2023 Total Consumer Spending :	$ 187 M	$ 1234 M	$ 2223 M
2023 Median Age :	34	38	39
2023 Total Households :	2,701	15,065	27,314
2023 Pop Age 25+: Bachelor's Degree :	874	5,731	10,954
2023 Average Home Value :	$ 337,813	$ 273,928	$ 256,040

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
30	Springhill Rd	2021	4,900	0.04 mi
30	Springhill Rd	2021	3,200	0.04 mi
I-30 Frontage Road	Alcoa Rd	2021	18,000	0.09 mi
30	Alcoa Rd	2021	7,900	0.10 mi
30	Alcoa Rd	2021	2,800	0.11 mi
30	Frontage Rd	2021	5,500	0.12 mi
30	Alcoa Rd	2021	6,600	0.18 mi
30	Alcoa Rd	2021	4,400	0.19 mi
Alcoa Road	Old Stage Coach Rd	2021	18,000	0.19 mi
30	Mount Carmel Rd	2021	2,500	0.20 mi

Listing Broker

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