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10560 SE Us Highway 441 3,883 SF Retail Building Belleview, FL 34420 $3,875,217 ($998.00/SF) 5.75% Cap Rate
Investment Highlights
- Brand new 25 year lease with Zaxby’s
- Absolute NNN Lease - No landlord management obligations
- Extremely well located on US-441, the primary north-south arterial connecting Ocala to The Villages
- Longest standing Zaxby’s operator – Swamp Dawg Restaurant Management Group
- Fixed rental increases throughout the entire lease
- Excellent visibility and access | Florida has NO STATE INCOME TAX
Executive Summary
CBRE is pleased to present the exclusive listing for the Zaxby’s located at 10560 SE US Hwy 441 in Belleview, FL. The site consists of 3,883 total square feet of building space and sits on 1.14 acres of land. The site will be subject to a 25 year sale-leaseback with Zaxby’s longest standing operator – Swamp Dawg Restaurant Management Group. Starting in year one, the base rent shall be $222,825. The lease will call for 8.00% rental escalations every 5 years during the base term and throughout the four, five-year renewal option periods (45 year total term). Positioned along one of Central Florida’s busiest commuter corridors, this property offers unmatched visibility and access on US- 441, the primary north–south artery connecting Ocala and The Villages.
The site benefits from strong daily traffic counts, established national co-tenancy, and a growing residential base that blends family households with high-spending retirees. With excellent ingress/egress, drive-thru capability, and less retail saturation than nearby Ocala, this location is primed for fast-casual dining, daily-needs retail, and service based operators seeking to capture both loyal local customers and steady regional pass-through demand.
The site benefits from strong daily traffic counts, established national co-tenancy, and a growing residential base that blends family households with high-spending retirees. With excellent ingress/egress, drive-thru capability, and less retail saturation than nearby Ocala, this location is primed for fast-casual dining, daily-needs retail, and service based operators seeking to capture both loyal local customers and steady regional pass-through demand.
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Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,883 SF
Building Class
C
Year Built
2014
Price
$3,875,217
Price Per SF
$998.00
Cap Rate
5.75%
NOI
$222,825
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
4.24 AC
Zoning
B2 - Local Center Zone
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 3,883 SF
- -
- -
Zaxby's began in 1990 in Statesboro, Georgia, when Zach McLeroy and Tony Townley opened a restaurant centered on chicken fingers as a main course. The company grew into a fast-casual chain built around chicken fingers, chicken wings, sandwiches, salads, and signature sauces, with franchised restaurants across the United States. Zaxby's history emphasizes Southern hospitality, inclusivity, and a dining style shaped around boneless chicken meals and a sauce-driven menu.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 3,883 SF | - | - |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3721-102-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $780,243 |
Property Taxes
Parcel Number
3721-102-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$780,243
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