Zaxby's NNN Lease Investment Opportunity | 6.1% Cap Rate | Midwest City, OK

This property is located in Midwest, Oklahoma.This absolute NNN Zaxby’s, a top 50 national QSR brand, is offered for sale in Midwest City (Oklahoma City MSA) with over 12 years remaining on the initial 20-year term. Additionally, there are 10% rent increases every 5 years and two 5-year renewal options. Built in 2017, this attractive ±3,650 SF single tenant location sits on a ±0.9-acre signalized corner parcel and is one of the newer “farmhouse” prototype designs. Zaxby’s is in eastern suburb of Oklahoma City, less than a mile north of Interstate 40 with 40,300 vehicles per day. This busy retail corridor includes several national retailers including Dunkin’ Donuts, Baskin Robbins, Firehouse Subs, Sonic, KFC, Whataburger, KinderCare, IBC Bank, State Farm, Freddy’s, and more. Nearby Tinker Air Force Base, with more than 25,000 military and civilian employees, is the largest single-site employer in the state. The Base’s economic impact on the surrounding community has been calculated at over $6.6 billion for 2023 alone. The five-mile demographics include a population over 110,000 and an average household income over $77,500. Zaxby’s, known for its creative preparation of chicken, wings and sauces, operates over 950 corporate and franchise locations nationwide. Due to the strength of concept, Goldman Sachs invested $2 Billion in 2020 to buy a 50% interest in the brand. The experienced Midwest City franchisee and guarantor, operates 12 locations in Georgia and Oklahoma. The property is priced at $2,568,721 and a 6.1% cap rate.