1325 Dutch Fork Rd Irmo, SC

This property features a new construction, ground-up development completed in 2024, showcasing a new prototype building with a double drive-thru. It is operating as a Zaxby's restaurant under a 20-year absolute NNN lease with four renewal options and zero landlord responsibilities. The lease includes a full-term personal guarantee. The lease provides for rental increases of 8% every 5 years beginning in 2029 throughout the option periods. Zaxby’s has over 960 locations in 19 states and is projected to have over 1,000 by the end of 2025. The property is an outparcel to Ballentine Market, a 51,000 SF Food Lion center that has been serving the community for over 35 years and is 100% occupied. Situated on a busy signalized intersection, the location benefits from traffic counts of approximately 28,200 cars per day on Dutch Fork Rd. The surrounding area has experienced significant population growth, with over 73% growth since 2010 and over 13% growth since 2020 within a 1-mile radius. There are over 2,000 homes within a 5-minute drive and nearly 90,000 residents within a 15-minute drive. The median household income within a 1-mile radius is $108,000, and the average household income is $160,000. The Columbia MSA has approximately 55.3 million SF of retail with a vacancy rate of 3.5%.