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1248 Emmet St N
Charlottesville, VA 22903
Zaxby's · Retail Property For Sale
Investment Highlights
- Absolute net ground leased Zaxby’s with drive-thru
- 5%-9% rental increases every five-years throughout primary term and option periods (based on CPI)
- Close proximity to the University of Virginia and Virginia Medical Center (less than 1.5-miles away)
- 15+ years of primary term remain on original 20-year ground lease; one ten-year option thereafter
- Ideally positioned along Emmet Street N, the primary access road to the University of Virginia – 30,000+ VPD
- Average household income of $101K+ within a one-mile radius of the property
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,295 SF
Building Class
C
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.77 AC
Zoning
URB
Parking
56 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
127’ on Emmet St N
Amenities
- Signage
Property Taxes
| Parcel Number | 400-002-500 | Improvements Assessment | $899,800 |
| Land Assessment | $1,866,300 | Total Assessment | $2,766,100 |
Property Taxes
Parcel Number
400-002-500
Land Assessment
$1,866,300
Improvements Assessment
$899,800
Total Assessment
$2,766,100
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