Zaxby's

Long-Term Absolute NNN Lease: Brand new 20-year absolute NNN lease providing passive income and ownership. The lease includes 10% rent increases every five years throughout the base term and options, offering strong rent growth and a hedge against inflation.
Experienced Operator: The subject property is operated by 1796 Chicken, LLC, who owns and operates 22 locations and continues to grow its portfolio. The Lease is further guaranteed by 1788 Chicken, LLC, who owns and operates 44 locations, reflecting strong operational expertise and commitment to the brand.
Retail Corridor Synergy: Strategically positioned near a strong mix of national and regional retailers including Walmart, Tractor Supply Company, Lowe’s, Starbucks, and more, enhancing consumer draw and reinforcing the area’s retail strength.
Strong Demographics: The asset is supported by a 5-mile population of approximately 23,686, with trailing 5-year population growth of 1.5%, indicating stable and consistent demand within the trade area.
Growing Kimball Submarket: Located in Kimball within the Chattanooga MSA, the property benefits from expanding population trends, excellent regional access, and proximity to key transportation corridors, driving consistent traffic and retail sustainability.
Established National Tenant: Zaxby’s is a recognized QSR operator with 950+ locations across 17+ states. Headquartered in Atlanta, the brand continues to expand its footprint nationwide.
Institutional Backing: Goldman Sachs affiliates invested in Zaxby’s in 2020 to accelerate growth and enhance operations, demonstrating strong confidence in the brand’s long-term performance.

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Hutt Cooke