202 Hillside Overlook Rd, Dallas, GA

Retail for Sale ‐ $2,565,517 ‐ 3,195 Sq. Ft. on 1.8 acres

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #960203
Location202 Hillside Overlook Rd
Dallas GA 30157
Last UpdatedSeptember 17th, 2017
TypeRetail
Price$2,565,517
Building Size3,195 Sq. Ft.
Lot Size1.8 acres

Contact


Property Description

Opportunity to acquire a 7.25% cap rate Zaxby’s casual dining restaurant. Absolute NNN leased property with zero landlord responsibility and a personal guarantee from the Franchisee. The property is well located as an out parcel to a Super Walmart Center along Hwy 120, a major thoroughfare in Dallas, GA which is traveled by over 25,000 vehicles per day.The store has excellent visibility with additional signage on the Walmart monument signage along Hwy 120. Zaxby’s has successfully operated at this location since 2008 of an initial 10-year term. The annual rent is $186,000 and includes 1% annual rent increases.

Location Description:

Located at 202 Hillside Overlook, Dallas, GA, an out parcel in the Wal Mart Center.

Highlights:

>> Freestanding Zaxby's

>> 5-year term with four 5-year renewals

>> Absolute NNN leased investment property

>> Landlord has zero responsibility

>> Franchisee personal guarantee

>> Tenant reports annual sales

>> 2016 sales per SF were an impressive $735 compared to chains $457 average

>> Renewal periods will have 1% annual rent increases

>> Franchisee is one of the Zaxby chains more experienced and successful operators with multiple locations in the Atlanta market since 2003

>> Average store sales for calendar years 2015 & 2016 were $2,354,072

>> Rent ratio as a percentage to average sales for calendar years 2015 & 2016 is a very favorable 7.9%

>> Zaxby's Corporate has the option to assume lease

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