Zaxby's Absolute NNN
For Sale
Contact for pricing
6861 US-129, Live Oak, FL 32060
Established restaurant leased under an absolute NNN structure with long-term occupancy and annual rent increases.
Property Size3,242 SF
Price / SF$1,376
Days on Market38
Property Features for 6861 US-129
General Information
Standard status
Active
Size
3,242 SF
Total Parking Spaces
39
Property subtype
Retail
Zoning
Commercial - General (C-G)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$267,859
Site & Location
Traffic Count
14,400 vehicles/day
Road Access
Yes
Building Details
Year Built
2012
Tenancy
Single
Abandoned
No
Listing Agency:
SRS Real Estate Partners Newport Beach
(714) 928-8016
Listed By:
Calvin Short · License #01927216
Source:
Crexi
Added: Jul 24
Changed: Aug 29
Last Checked: Jul 29 at 4:05AM
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 Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This fee-simple restaurant property includes the land and building occupied by Zaxby’s at 6861 US-129 in Live Oak, Florida. Constructed in 2012, the asset is subject to an absolute NNN lease with more than 18 years remaining on the initial 20-year term. The agreement provides 1.5% annual rent increases, while the tenant covers CAM, taxes, insurance, and property maintenance. The lease is guaranteed by Omnipotent Chicken Holdings, LLC, a Zaxby’s franchisee operating 22 locations with five additional units under development.
The property sits across from a Walmart Supercenter along Ohio Avenue N, State Highway 51, and U.S. Highway 129, which carries 14,400 VPD. Interstate 10 is nearby and carries 34,300 VPD. Surrounding national and credit tenants include Publix, Lowe’s, Tractor Supply, McDonald’s, Starbucks, Firehouse Subs, Dunkin’, Taco Bell, and Popeyes. The site is zoned Commercial - General (C-G) and serves a trade area with more than 12,500 residents within 5 miles.
The property sits across from a Walmart Supercenter along Ohio Avenue N, State Highway 51, and U.S. Highway 129, which carries 14,400 VPD. Interstate 10 is nearby and carries 34,300 VPD. Surrounding national and credit tenants include Publix, Lowe’s, Tractor Supply, McDonald’s, Starbucks, Firehouse Subs, Dunkin’, Taco Bell, and Popeyes. The site is zoned Commercial - General (C-G) and serves a trade area with more than 12,500 residents within 5 miles.
Key Highlights
- Absolute NNN lease with more than 18 years remaining on the initial 20‑year term
- 1.5% annual rent increases throughout the initial lease term
- Tenant pays CAM, taxes, insurance, and maintains all aspects of the premises
Property Analytics
Property Profile
Current Use
Lease Details
14,400 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 32060, FL
22,111
Population
9,233
Households
2.4
Avg Household Size
44
Median Age
19%
College-Educated
83%
High-School Grad
393.9 sq mi
ZIP Area
56
Density / Sq Mi
$56,702
Median Household Income
$36,787
Median Earnings
$735
Median Rent
$158,200
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 - Established restaurant leased under an absolute NNN structure with long-term occupancy and annual rent increases.
Where is this nnn property located?
The property is located at 6861 US-129 Live Oak, FL.
What is the asking price?
The asking price for this property is $4,464,000.
What are key features of this property?
This property features: Absolute NNN lease with more than 18 years remaining on the initial 20‑year term; 1.5% annual rent increases throughout the initial lease term; Tenant pays CAM, taxes, insurance, and maintains all aspects of the premises
