13811 Terra View Trl Louisville, KY 40245
Property Features for 13811 Terra View Trl
General Information
- Lot size
- 1.29 Acres
Source:
Moodyscre
Listing Agent: Ryan Pennington
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Zaxby's NNN Lease Investment
This offering presents the opportunity to acquire a fee simple interest in a single-tenant, absolute net lease Zaxby's property. The new 20-year initial lease term is guaranteed by Zaxby's largest franchisee, Roost & Rise Holdings, LLC, which includes 1788 Chicken LLC & Credit to Chicken LLC, with over 60 Zaxby's stores and growing. The store has been in operation since 2016 with a strong sales and operating history. The lease commenced on January 23rd, 2025, and features 10% rent increases every five years throughout the initial term and the two 10-year option periods. The net operating income (NOI) is proportioned to sales at eight (8%) percent. Located in a high barrier to entry submarket of the Louisville, KY MSA, this Class A real estate offers a secure income stream with zero landlord responsibilities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Zaxby's Chicken Fingers ...
Chicken Restaurant
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.4944368
- Latitude
- 38.271684
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Single tenant Zaxby's with new 20-year lease.
Where is this drive through restaurant located?
The property is located at 13811 Terra View Trl Louisville, KY.
What is the asking price?
The asking price for this property is $3,289,117.
What are key features of this property?
This property features: - Absolute Net Lease: Enjoy zero landlord responsibilities for passive income.; - Long-Term Lease: Benefit from a new, nearly intact 20-year lease, commenced January 23rd, 2025.; - Strong Franchisee Guarantee: Lease is guaranteed by Roost & Rise Holdings, LLC, Zaxby’s largest franchisee with over 60 stores.