February 24, 2017 – Brian Ahrens of Horvath & Tremblay has successfully procured the buyer to complete the sale of Zaxby’s in Peachtree City, Georgia. Brian worked exclusively with the 1031-exchange buyer to close the sale price of $2,000,000, a 6.45% cap rate.
Zaxby’s is a franchised chain of fast casual restaurants operating primarily in the Southeastern United States with over 730 locations across 15 states. Built in 2003, the 3,544-square foot building is 100% leased to Zaxby’s and is located along Worth Court in a dense retail trade area surrounded by multiple national and regional tenants including: Publix, Stein Mart, Starbucks, Little Caesars, Dunkin’ Donuts, True Value Hardware, Waffle House, Citgo, BP, Dairy Queen, Sprouts, and CVS. Zaxby’s operates under a new 20-year, triple net lease that was signed at the close of escrow. The lease also includes 5-year rental escalations and (4) five year options. The property is located directly off of the Floy Farr Parkway, also known as Georgia State Route 54, with traffic counts in excess of 26,950 vehicles per day. Peachtree City is the largest city in Fayette County and is located in the South Metro Atlanta Area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.