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6861 US Highway 129
Live Oak, FL 32060
Zaxby's | #6 Store in FL | 18+ Yrs NNN · Retail Property For Sale
Investment Highlights
- 18+ Years Remaining | Strong Sales Performance | 1.5% Annual Increases
- Across From Walmart Supercenter | Interstate 10 (34,300 VPD)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Regional Hub | Suwannee County Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Zaxby’s investment property located in Live Oak, Florida. The tenant, Zaxby’s recently signed a new 20 year lease, demonstrating their commitment to the site. The lease features 1.5% annual increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,242 SF
Building Class
B
Year Built
2012
Price
$4,464,000
Price Per SF
$1,376.93
Cap Rate
6%
NOI
$267,859
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.41 AC
Zoning
C-G - Commercial - General
Parking
39 Spaces (12.03 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 12-02S-13E-04949-004000 | Improvements Assessment | $641,277 |
| Land Assessment | $371,131 | Total Assessment | $1,012,408 |
Property Taxes
Parcel Number
12-02S-13E-04949-004000
Land Assessment
$371,131
Improvements Assessment
$641,277
Total Assessment
$1,012,408
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