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Zaxby's 2880 Allison Bonnett Memorial Dr 3,301 SF Retail Building Hueytown, AL 35023 $2,957,000 ($895.79/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- STRATEGICALLY LOCATED HIGHWAY WITH HIGH VISABILITY AND ACCESS
- HIGH GROWTH BIRMINGHAM, AL MSA
- EXPERIENCED MULTIUNIT FRANCHISEE WITH STRONG GUARANTOR
EXECUTIVE SUMMARY
- Absolute NNN with no landlord obligations
- The lease runs though 2042 with four 5-year options
- Rent grows 2% annually during base term starting in 2028 & option periods
HEALTHY RETAIL TRADE AREA
- Within a 1-mile radius of the site retail holds a 1.3% vacancy rate on 843K SF of space well below the national average
- Notable tenants like Walmart, ALDI Publix and Piggly Wiggly neighbor the site
STRONG DEMOGRAPHICS
- High home ownership rate of 76.4% with media property values around $142,900
- AHHI reaches $70,000
- Over 78,000 people live in a 5-mile radius
INVESTMENT HIGHLIGHTS STRATEGICALLY LOCATED HIGHWAY WITH HIGH VISABILITY AND ACCESS
- Fronting Highway 56 (25,000+ VPD) with cross access into site| Just off I-20/59 which carries some of highest traffic volumes in Alabama
150,945 VPD at heavily traveled interchanges
- Hueytown’s Valley Road, a nearby major thoroughfare, had average weekday traffic count of 59,800 VPD
EXPERIENCED MULTIUNIT FRANCHISEE WITH STRONG GUARANTOR
- The franchisee operates 26+ Zaxby’s locations across the region
- Guarantor is a billion dollar private equity firm providing healthy credit
HIGH GROWTH BIRMINGHAM, AL MSA
- Bessemer is part of the 1.1 M+ population Birmingham metro
- Largest metro in Alabama
- Population growth YoY reached 6% from 23-24’
- Q2 2025 Birmingham retail market saw 397,000 SF of net absorption
- Birmingham generates over $67B of GDP contributing more than 30% to State GDP
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- May 2042
The Zaxby's story begins in 1990, when two boyhood friends in Statesboro, GA founded a fried chicken restaurant that did things differently. When they elevated chicken fingers and wings from appetizers to entrees, they couldn’t have imagined how quickly demand would skyrocket. Their happy customers across the Southeast know them best for their craveable menu, from chicken fingers and wings served just the way you like them to signature sauces, made-to-order Zalads, and irrezistable sides. It’s the second-to-none food that brings people to their restaurants, but it’s the way they make them feel that keeps them coming back.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | May 2042 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30-00-21-3-002-014.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $172,680 |
PROPERTY TAXES
CONTACTS
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
Zaxby's | 2880 Allison Bonnett Memorial Dr
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