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    Drive-Through Restaurant NNN Investment Title is generated by Realmo AI

    132 Bill Wigington Parkway, Jasper, GA 30143

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    For Sale
    $3,165,000

    Absolute NNN Zaxby’s drive-through with more than 10 years remaining and scheduled full remodel in 2028.

    Type:Retail
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:17 am

    Property Features for 132 Bill Wigington Parkway

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    Properties For Sale

    at 132 Bill Wigington Parkway Contact us

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    Listing Contact
    Matthew Mousavi
    Matthew Mousavi

    Listing agent Matthew Mousavi License #CA 01732226

    Listing office SRS Industrial - Newport Beach

    Listing date Jun 3, 2026

    Source Srsre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach

    HighLights

    • Fee simple ownership of a Zaxby’s Chicken Fingers & Buffalo Wings leased property in Jasper, GA (Year built: 2005).
    • Absolute NNN lease with zero landlord responsibilities; tenant pays CAM, taxes, and insurance and maintains the premises.
    • More than 10 years remaining on the initial lease term with 4 (5‑year) options to extend.
    • Rent increases of 10% every 5 years throughout the initial term and option periods.
    • Scheduled full restaurant remodel in 2028.
    • Located at the intersection of State Highway 515 and Highway 53 with approx. 43,800 vehicles per day traffic count.

    Overview

    Fee simple interest is available for an absolute NNN leased Zaxby’s Chicken Fingers & Buffalo Wings drive-through restaurant. The property is leased to 1788 Chicken, a Zaxby’s franchisee operating approximately 75 locations. The lease includes over 10 years remaining on the initial term, with four (5-year) options to extend. Rental increases are structured at 10% every five years throughout the initial term and at the beginning of each option period. The tenant is responsible for CAM, taxes, insurance, and maintaining all aspects of the premises, with zero landlord responsibilities under the absolute NNN structure. A scheduled full restaurant remodel is planned for 2028.

    The restaurant is positioned at the intersection of State Highway 515 and Highway 53 with a combined traffic count of approximately 43,800 vehicles per day. The immediate area is supported by numerous national and regional retailers, including Walmart Supercenter, Kroger, Publix, The Home Depot, Chick-fil-A, Chipotle, Wendy’s, Taco Bell, and AutoZone, among others.

    This configuration is typically well-suited for buyers seeking a management-free, tenant-paid absolute NNN structure with a long remaining term, contractual rent escalations, and a future scheduled remodel. The lease is guaranteed by the operating franchisee.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Pickens
    State
    Georgia
    Longitude
    -84.460614
    Latitude
    34.467113

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    FAQs

    What type of property is this?
    Drive through restaurant - Absolute NNN Zaxby’s drive-through with more than 10 years remaining and scheduled full remodel in 2028.
    Where is this drive through restaurant located?
    The property is located at 132 Bill Wigington Parkway Jasper, GA.
    What is the asking price?
    The asking price for this property is $3,165,000.
    What are key features of this property?
    This property features: Fee simple ownership of a Zaxby’s Chicken Fingers & Buffalo Wings leased property in Jasper, GA (Year built: 2005).; Absolute NNN lease with zero landlord responsibilities; tenant pays CAM, taxes, and insurance and maintains the premises.; More than 10 years remaining on the initial lease term with 4 (5‑year) options to extend.
    (714) 404-8849
    We can help!
    Listing Contact
    Matthew Mousavi
    Matthew Mousavi
    Real Estate License ID: CA 01732226
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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