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Zaxby's 1533 Chatham Commons Blvd 3,028 SF Retail Building Westfield, IN 46074 $5,199,913 ($1,717.28/SF) 5.75% Cap Rate
Investment Highlights
- Affluent Trade Area: Average Household Income of $164,717 Within a 5-Mile Radius of the property.
- Demographic Strength: The property benefits from a 5-mile population of ±89,297, reflecting robust historical growth of 4.2% annually since 2020.
- Premier Submarket: Strategically located in Westfield, an upper-income suburb within the Indianapolis metropolitan area.
- Corporate Guarantee: Lease is corporately guaranteed by Zaxby’s Properties, LLC, enhancing the credit profile and mitigating tenant risk.
- Absolute NNN Lease: New 20-year absolute triple-net (NNN) lease structure, offering passive income with no landlord responsibilities.
- Corporate Operations: Zaxby’s operates 145+ company-owned restaurants, demonstrating substantial operational capacity.
Executive Summary
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,028 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$5,199,913
Price Per SF
$1,717.28
Cap Rate
5.75%
NOI
$298,995
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.90 AC
Amenities
- Drive Thru
Contacts
-
Scotty Latimer -
Josh Bishop -
Ariana Sobhan -
Matthews Real Estate Investment Services
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Zaxby's | 1533 Chatham Commons Blvd
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