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 SINCE 2007: The Property has continuously operated as a Zaxby’s since 2007, providing nearly 20 years of established operating history at this location and demonstrating the demand for its goods and services.
• WALMART-ANCHORED RETAIL LOCATION: The Property is strategically positioned directly adjacent to Walmart Supercenter along Gardendale’s established Odum Road retail corridor, benefiting from strong consumer draw, complementary national retailers and restaurants, and convenient connectivity to nearby Interstate 65.
• 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.
• STRONG LOCAL DEMOGRAPHICS: The Property benefits from an affluent surrounding consumer base, with average household incomes exceeding $108,000 within one mile and approximately $102,000 within three miles, supporting a strong and established customer base.
• 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.