Zaxby's

Absolute NNN Lease: New 20-year absolute triple-net (NNN) lease structure, offering passive income with no landlord responsibilities. The lease includes 10% rental increases every five years during both the base term and renewal option periods, providing reliable rent escalation and inflation protection.
Corporate Guarantee: Lease is corporately guaranteed by Zaxby’s Properties, LLC, enhancing the credit profile and mitigating tenant risk.
Demographic Strength: The property benefits from a 5-mile population of ±89,297, reflecting robust historical growth of 4.2% annually since 2020. Forward-looking projections estimate continued population expansion at 1.7% annually over the next five years, signaling sustained demand drivers in the trade area.
Affluent Trade Area: Average Household Income of $164,717 Within a 5-Mile Radius of the property.
Premier Submarket: Strategically located in Westfield, an upper-income suburb within the Indianapolis metropolitan area, known for its rapid residential growth, excellent schools, and attractive quality of life, which support long-term retail stability.
National Tenant Profile: Zaxby’s is a well-established quick-service restaurant (QSR) brand with over 950+ locations across 17+ states. The company is headquartered in Atlanta, GA, and has a growing national presence.
Institutional Investment: In 2020, affiliates of Goldman Sachs made a strategic equity investment in Zaxby’s to support accelerated national growth and operational expansion, underscoring institutional confidence in the brand’s long-term outlook.
Corporate Operations: Zaxby’s operates 145+ company-owned restaurants, demonstrating substantial operational capacity and a direct commitment to brand performance and quality control.

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Kyle Matthews