Available For Sale - Retail

3,217 SF | Show Pricing $

LISTED BY

John Dudash
Dash Commercial Real Estate Advisors, 908-485-4469

AVAILABILITY DETAILS

Size
3,217 SF
Price/SF
Show Pricing $
Listing ID
SA550004
Notes
Dash Commercial Real Estate Advisors, LLC - In Cooperation with Bang Realty Alabama Inc. - is pleased to exclusively present for sale the leasehold interest in the Zaxby's located on Courtney Drive in Tuscaloosa, AL. This property boasts a recently extended lease bringing the current term to 8 years with three 5 Year Options to Renew. The lease is Corporately Guaranteed by Zaxby's, and this property is currently ranked #3 in the nation in system-wide sales, with 2022 reported sales of $4.3M.



Sale Price is based on the scheduled rent change when the 1st Option to Renew is executed in June of 2025. Current NOI is $188,057 giving a Potential Purchase a 10% Cap Rate until the the option is exercised.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
John Dudash, Dash Commercial Real Estate Advisors
BRE# 312457