Zaxbys | Lake Murray | Columbia MSA 1325 Dutch Fork Rd 2,900 SF Retail Building Irmo, SC 29063 $3,165,350 ($1,091.50/SF) 6.35% Cap Rate

Trinity Partners is proud to serve as exclusive sales advisor to ownership and offer this net lease QSR investment opportunity in the Columbia MSA to the marketplace. Zaxbys is a leader in the QSR industry and is projected to surpass 1,000 locations across 19 states by the end of 2025 (“Property”).
Zaxbys is a top 3 chicken chain in the country by AUV, with 2024 systemwide sales exceeding $2.63 billion, and ranked #27 in QSR Top 50 in 2024. The Property sits on a 1+ acre outparcel to a 100% leased Food Lion center, which was carefully identified and reviewed by Zaxbys, that was redeveloped in 2024 with a 2,900 SF drive-thru/dine-in building, 31 parking spaces, and 3 separate access points. The 20-year NNN lease commenced in April 2024 with 8% rent bumps every 5 years and multiple 5-year renewal options. The lease includes a full-term personal guaranty from the franchise owner.
The Property is located in the growing and affluent Ballentine community 5 minutes off I-26 and 15 miles from downtown Columbia (state capital). Positioned at a busy signalized intersection on Dutch Fork Road (28,200 VPD), the Property sits just off the shores of popular Lake Murray. With 50,000+ acres and 650+ miles of shoreline, Lake Murray was named the “#1 Best Lake for Water Sports” by the USA Today 10Best Readers’ Choice Awards 2025.
» NEW CONSTRUCTION: 2024 ground-up development with a new prototype building that includes a double drive thru
» LONG-TERM NET LEASE: 20-year absolute NNN lease with 4 renewal options and ZERO landlord responsibilities (full-term PG)
» RENTAL UPSIDE: 8% rent bump every 5 years beginning in 2029 throughout the option periods
» NATIONAL BRAND: Zaxby’s has 990+ locations in 19 states and projected to have 1,000+ by year-end 2025
» GROCERY ANCHOR: Outparcel to Ballentine Market, a 51,000 SF and 100% occupied Food Lion center serving the community for 35+ years
» HIGH PROFILE CORNER: Busy signalized intersection that has traffic counts of +/- 28,200 cars per day on Dutch Fork Rd
» POPULATION EXPLOSION: Over 73% growth since 2010 and over 13% growth since 2020 within a 1-mile radius
» DENSE RESIDENTIAL: Over 2,000 homes within a 5-minute drive and nearly 90,000 residents within a 15-minute drive
» HIGH INCOMES: Median HH income of $108,000 and average HH income of $160,000 within a 1-mile radius
» STRONG RETAIL REGION: The Columbia MSA has approximately 55.3 million SF of retail with vacancy rate of 3.5% Investment Highlights