Zaxby’s

• 20-YEAR ABSOLUTE NNN LEASE: Providing a long-term, reliable, passive and growing stream of income.
• RENTAL INCREASES : The lease features 10% rental increases every five years throughout the initial term and four, 5-year renewal options, providing contractual income growth and a meaningful hedge against inflation.
• PROVEN LOCATION – ZAXBY’S FOR NEARLY TWO DECADES: The Property has continuously operated as a Zaxby’s for nearly 20 years, proving the concept and demonstrating the demand for its goods and services at this location.
• ESTABLISHED FULTONDALE RETAIL CORRIDOR: The Property is strategically positioned within Fultondale’s established retail corridor anchored by Lowe’s, benefiting from a strong concentration of other national retailers like ALDI, Target, Five Below, Ross, Bath & Body, Whataburger, Chick-fil-A, Walgreens, Applebee’s, Chili’s, Taco Bell, Bojangle’s, all with convenient access to Interstate 65 and U.S. Highway 31.
• NATIONAL FAST-CASUAL CHICKEN BRAND: Founded in 1990, Zaxby’s has grown into one of the nation’s largest chicken-focused restaurant concepts, with more than 1,000 locations across 22 states.
• STRATEGIC INVESTMENT FROM GOLDMAN SACHS: In 2020, investment funds managed by Goldman Sachs’ Merchant Banking Division acquired a significant stake in Zaxby’s, providing long-term institutional capital and resources to support the brand’s continued growth and national expansion.
• ESTABLISHED 22-UNIT ZAXBY’S TENANT/OPERATOR: The location is operated by Credit to CTC AL, LLC a multi-unit Zaxby’s franchisee operating 22 locations, demonstrating significant credit worthy operating experience, and an established presence within the Zaxby’s system.
• DENSE, ESTABLISHED TRADE AREA: The Property serves a substantial surrounding consumer base of approximately 53,000 residents within five miles, further supported by Fultondale’s established concentration of national retailers, restaurants and daily-needs destinations.
• RECESSION-RESILIENT QSR CATEGORY: Zaxby’s operates within the value-oriented quick-service restaurant sector, benefiting from convenient drive-thru service, broad consumer appeal, and an established chicken-focused menu.