Northmarq Restaurant Group is pleased to offer for sale this exclusive single-tenant Zaxby's property in Birmingham, Alabama. This investment offers a fee simple, Absolute NNN opportunity with 17 years remaining on a 20 year lease, and 4 x 5 year options thereafter. The asset features rare 2% annual increases throughout term and in options, providing significant passive income and creating a steady hedge against inflation.
Zaxby's is surrounded by several national big box retail tenants including Walmart, The Home Depot, Publix, and the nearby Eastwood Plaza Shopping Center. The Property is also less than one mile from a new Amazon distribution and delivery warehouse. The site is well positioned, less than 10 minutes to the Birmingham- Shuttlesworth International Airport and 15 minutes from Downtown Birmingham. Zaxby's is less than 5 miles from two major developments in the Birmingham area, Edgehill at Southtown, a mixed use commercial district, and Maiden Heights, a luxury residential master planned community.