Zaxby's Absolute NNN
For Sale
Contact for pricing
531 W New Cir Rd, Lexington, KY 40511
Restaurant property subject to a long-term absolute triple-net lease with scheduled annual rent increases.
Property Size3,902 SF
Lot Size0.82 Acres
Days on Market144
Property Features for 531 W New Cir Rd
General Information
Standard status
Active
Size
3,902 SF
Lot size
0.82 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 10:37PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Zaxby's property includes approximately 3,902 rentable square feet within an estimated 0.82-acre parcel. The asset is leased under a 20-year absolute triple-net structure that began on May 26th, 2022, providing a defined contractual term for the current occupancy.
The lease provides for 2.00% annual increases beginning in year 7, followed by four additional 5-year renewal options. Located at 531 West New Circle Road in Lexington, Kentucky, the property combines an established restaurant use with a long-duration NNN lease framework.
The lease provides for 2.00% annual increases beginning in year 7, followed by four additional 5-year renewal options. Located at 531 West New Circle Road in Lexington, Kentucky, the property combines an established restaurant use with a long-duration NNN lease framework.
Key Highlights
- Zaxby's restaurant property at 531 West New Circle Road, Lexington, Kentucky 40511
- Approximately 3,902 rentable square feet on an estimated 0.82‑acre parcel
- 20‑year absolute triple‑net lease commenced May 26th 2022
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 36%
Dining 12%
Apparel 7%
Kroger
Groceries
41,668 visits/mo
0.4 miles
Speedway
Shops & Services
11,871 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
11,543 visits/mo
0.5 miles
Green's Toyota Of Lexington
Shops & Services
8,943 visits/mo
0.3 miles
Tudor's Biscuit World
Dining
6,914 visits/mo
0.5 miles
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Restaurant property subject to a long-term absolute triple-net lease with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 531 W New Cir Rd Lexington, KY.
What are key features of this property?
This property features: Zaxby's restaurant property at 531 West New Circle Road, Lexington, Kentucky 40511; Approximately 3,902 rentable square feet on an estimated 0.82‑acre parcel; 20‑year absolute triple‑net lease commenced May 26th 2022
