Zaxby's -20 Yr NNN Term- Blankenbaker Pkwy, Louisville, KY
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7DCRE is excited to offer qualified investors the chance to acquire full fee simple ownership of a single-tenant absolute net lease Zaxby’s property. The lease features a new 20-year initial term guaranteed by Roost & Rise Holdings, LLC, Zaxby’s largest franchisee and parent company to 1788 Chicken LLC and Credit to Chicken LLC, which operates over 60 Zaxby’s locations and continues to grow. The store, operational since 2011, boasts strong sales of about $3 million, surpassing the national average unit volume (AUV), with a solid operating history.
The brand-new 20-year lease term began on January 23, 2025, and includes 10% rent increases every five years during the initial term as well as the two subsequent 10-year renewal options. The net operating income (NOI) is well-aligned with sales, at approximately 8%.
With a long-term lease, backing from the largest Zaxby’s franchisee, and zero landlord responsibilities, this represents a rare opportunity to secure a reliable income stream supported by Class A real estate in a high-barrier-to-entry submarket within the Louisville, KY metropolitan area.
The property is offered “as-is,” and both the agent and owner make no guarantees regarding the accuracy or completeness of the Offering Memorandum (OM) or any documents provided for due diligence purposes.
- Property: Zaxby’s restaurant located at 807 Blankenbaker Parkway, Louisville, KY 40203.
- Offering: Full fee simple ownership of a single-tenant absolute net lease property.
- Tenant: Credit to CTC KY LLC, a Zaxby’s franchisee.
- Guarantor: Roost & Rise Holdings, LLC, the largest Zaxby’s franchisee with over 60 stores.
- Sale Price: $3,775,952.
- Net Operating Income: $235,997.
- Cap Rate: 6.25%.
- Lease Terms: A new 20-year initial lease began on January 23, 2025, with two 10-year renewal options and 10% rent increases every five years. The lease is absolute net, meaning no landlord responsibilities.
- Property Details: The lot size is 0.92 acres, and the building measures 3,378 square feet. The restaurant has been operating since 2011 with strong sales of approximately $3 million, exceeding the national average unit volume.
- Location Highlights: The property benefits from over 30,000 average daily vehicles on Blankenbaker Parkway and more than 103,900 on I-64. It’s situated in an affluent area with an average household income over $120,000 and a daytime employee population of nearly 68,000 within three miles.
- Area Demographics (3-mile radius): Population of 53,340 with an average household income of $123,560.
- Key Investment Features: This is a long-term lease with a reliable tenant in a high-performing location, offering zero landlord responsibilities, regular rent escalations, and situated in a high-barrier-to-entry submarket of the Louisville metropolitan area.