Description

Northmarq National Restaurant Group is proud to present an exclusive opportunity to acquire a single-tenant Zaxby’s property located in Birmingham, Alabama. This offering includes a fee simple interest in an Absolute NNN lease with 17 years remaining on a 20-year term, along with four additional 5-year renewal options. The lease benefits from uncommon 2% annual rent escalations throughout the initial term and option periods, and the location is operated by one of the top-performing franchise groups in the restaurant sector. The property is situated in a thriving retail corridor surrounded by major national retailers such as Walmart Supercenter, Sam’s Club, Kohl’s, and Ashley Outlet, along with a variety of quick-service and casual dining options. The adjacent Sam’s Club ranks in the 69th percentile nationally, is the second-highest performing in Alabama, and is the only store of its kind within a 15-mile radius—drawing substantial consumer traffic to the area. Additionally, the site is near Trussville’s Industrial Corridor, which continues to grow with the Commerce Row Development—a mixed-use project featuring high-end office and flex/industrial spaces, boutique retail, commercial amenities, and communal green space. The Zaxby’s also benefits from proximity to the revitalized Trussville Downtown District, which is being enhanced with new entertainment venues, expanded retail and dining options, improved parking, and public gathering spaces.