Trinity Partners is proud to serve as exclusive sales advisor to ownership and offer this net lease QSR investment opportunity in the Columbia MSA to the marketplace. Zaxbys is a leader in the QSR industry and is projected to surpass 1,000 locations across 19 states by the end of 2025 (“Property”).
Zaxbys is a top 3 chicken chain in the country by AUV, with 2024 systemwide sales exceeding $2.63 billion, and ranked #27 in QSR Top 50 in 2024. The Property sits on a 1+ acre outparcel to a 100% leased Food Lion center, which was carefully identified and reviewed by Zaxbys, that was redeveloped in 2024 with a 2,900 SF drive-thru/dine-in building, 31 parking spaces, and 3 separate access points. The 20-year NNN lease commenced in April 2024 with 8% rent bumps every 5 years and multiple 5-year renewal options. The lease includes a full-term personal guaranty from the franchise owner.
The Property is located in the growing and affluent Ballentine community 5 minutes off I-26 and 15 miles from downtown Columbia (state capital). Positioned at a busy signalized intersection on Dutch Fork Road (28,200 VPD), the Property sits just off the shores of popular Lake Murray. With 50,000+ acres and 650+ miles of shoreline, Lake Murray was named the “#1 Best Lake for Water Sports” by the USA Today 10Best Readers’ Choice Awards 2025.
» NEW CONSTRUCTION: 2024 ground-up development with a new prototype building that includes a double drive thru
» LONG-TERM NET LEASE: 20-year absolute NNN lease with 4 renewal options and ZERO landlord responsibilities (full-term PG)
» RENTAL UPSIDE: 8% rent bump every 5 years beginning in 2029 throughout the option periods
» NATIONAL BRAND: Zaxby’s has 990+ locations in 19 states and projected to have 1,000+ by year-end 2025
» GROCERY ANCHOR: Outparcel to Ballentine Market, a 51,000 SF and 100% occupied Food Lion center serving the community for 35+ years
» HIGH PROFILE CORNER: Busy signalized intersection that has traffic counts of +/- 28,200 cars per day on Dutch Fork Rd
» POPULATION EXPLOSION: Over 73% growth since 2010 and over 13% growth since 2020 within a 1-mile radius
» DENSE RESIDENTIAL: Over 2,000 homes within a 5-minute drive and nearly 90,000 residents within a 15-minute drive
» HIGH INCOMES: Median HH income of $108,000 and average HH income of $160,000 within a 1-mile radius
» STRONG RETAIL REGION: The Columbia MSA has approximately 55.3 million SF of retail with vacancy rate of 3.5% Investment Highlights