Property Listing No Longer Available for Sale

618 Highland Avenue, Selma, AL

Retail for Sale - $2,000,000 - 3,900 Sq. Ft. on 0 acres


Property Info

CIMLS#44214
Location
  618 Highland Avenue
  Selma AL 36701
UpdatedSeptember 14th, 2008
TypeRetail
Price$2,000,000
Building3,900 Sq. Ft.
Land0 acres

Property Description

Zaxby's operates and franchises more than 350 fast-casual Zaxby's chicken restaurants in Georgia and about 10 other Southern states, of which 80 % are owned by franchisees. The restaurants are located in Georgia, South Carolina, North Carolina, Florida, Alabama, Mississippi, Louisiana, Arkansas, Tennessee, Virgina and Kentucky. Zaxby's is the third fastest growing franchise in its category and continues to pursue an aggressive expansion plan, with a goal of having 1,000 stores by the end of 2008. Its kitschy, memorabilia-themed restaurants offer creatively-named chicken dishes, such as Chicken Fingerz, Zalads, Big Zax Snak, Zappetizers, and Buffalo Fingerz with Zax sauce. The chain also serves chicken with other types of sauces named for their spiciness threshold, from Wimpy to Insane to Tongue Torch. CEO Zach McLeroy and CFO Tony Townley started the chain in 1990.

The City of Selma was founded in 1820 along the banks of the Alabama River in Dallas County, Alabama, of which it is the county seat. This historic city boasts the largest historic district in Alabama, with many of it


Financials

Cap Rate: 8.25%