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2221 Fayetteville Road - Zaxby's, Van Buren, AR

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2221 Fayetteville Road - Zaxby's

Van Buren, AR 72956-6508 - Crawford County Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:3,080 SF Land Area:.83 AC (36,007 SF)
For Sale Price:$1,799,638 Price/SF:$584.30
Cap Rate:7.00 %

Sale Notes:
Marcus and Millichap is pleased to offer for purchase a ±3,080 square foot, freestanding Zaxby' s, located at 2221 Fayetteville Road, Crawford County, Van Buren, AR. The subject location which is situated on a ±0.92 acres parcel of land, is strategically located less than ½ mile north of Interstate 40. Fayetteville Road, which Zaxby' s maintains frontage and visibility, is a 4-lane surface road with a center turning lane, which provides for easy access into the subject property. Van Buren  is the second largest city in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area and the county seat of Crawford County, Arkansas, United States. The city is located directly northeast of Fort Smith at the Interstate 40 - Interstate 540 junction.

This investment opportunity is accompanied by an absolute net-lease with an initial base term of ten (10) years. There are ±9 years remaining and two (2), 10-year option periods. The lease contains 10 percent scheduled rent escalations every five years throughout the base term of the lease and in each option period. This Zaxby' s location is operated by 1788 Chicken, LLC, an experienced multi-unit franchisee operator based in Austin, TX, who, in additional to operating 11+ Zaxby' s restaurants, operate more than 148+ Pizza Hut locations throughout the Western US region. The lease includes lease guarantees from both the operating entity, 1788 Chicken, LLC, which operates 11 Zaxby' s locations, as well as personal guarantees from the principal operators which shall remain in place throughout the base term.

Marcus & Millichap
Jared Kaye
(678) 808-2821

Cassidy Maxwell
(678) 808-2744

Daniel Molloy
(678) 808-2763

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