Overview
TSCG is pleased to offer for sale a brand new 20-year absolute NNN Zaxby’s ground lease in Dyersburg, TN. The Property is situated along Lake Rd (~25,000 VPD) on an outparcel to a future Aldi with cross-access to a new Chipotle. Dyersburg is a super-regional trade area anchored by Walmart (2.6M visits), Commons of Dyersburg (1.7M visits), Lowe’s (750K visits), Kroger and more. The Dyersburg community is served by a strong industrial/manufacturing base, 3,100+ student Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital (225 beds). Zaxby’s benefits from its lack of competition as this is the only Zaxby’s location within a 30-mile radius.
Investment Highlights
BRAND NEW 20-YEAR GROUND LEASE WITH EXPERIENCED OPERATOR
- Brand new 20-year ground lease with 10% rent increases every 5 years throughout the initial term and option periods
- Experienced franchisee and operator with more than 60 Zaxby’s locations across AL, AR, GA, KY, MS, OK and TN
- Zaxby’s benefits from its lack of competition as this is the only Zaxby’s location within a 30-mile radius
REGIONAL TRADE AREA ADJACENT TO MEMPHIS MSA
- Regional trade area with limited competition and over 30-mile draw from Walmart (2.6M visits), Commons of Dyersburg (1.7M visits), Lowe’s (750K visits) and more
- Proximity to 3,100+ student Dyersburg State Community College and 225-bed West Tennessee Healthcare Dyersburg Hospital
- Strong employment base with significant presence in manufacturing and distribution: Ermco (1,100+ employees); NSK (600+ employees); Rough Country (240 employees); Nortek Global (215 employees)
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