13811 Terra View Trail

Property: Zaxby’s restaurant at 13811 Terra View Trail, Louisville, KY 40245

Offering: 100% fee simple interest in a single-tenant absolute net lease property

Tenant: Credit to CTC KY LLC (Zaxby’s franchisee)

Guarantor: Roost & Rise Holdings, LLC (Zaxby’s largest franchisee with 60+ stores)

Sale Price: $3,289,117

Cap Rate: 6.00%

Net Operating Income: $197,347

Lease Details:

New 20-year initial term (commenced January 23, 2025)

Two 10-year renewal options

10% rent increases every 5 years

Absolute net lease (zero landlord responsibilities)

Property Specifics:

Building Size: 3,994 sq ft

Lot Size: 1.29 acres

Location Highlights:

Near I-265 in Louisville’s East End

29,100+ Average Daily Traffic on Old Henry Road (2023)

65,100+ Average Daily Traffic on I-265

Affluent trade area with $141,000+ average household income

67,227 daytime employees within 5 miles

Demographics (1 mile / 3 miles / 5 miles):

Population: 3,763 / 36,774 / 110,045

Average Household Income: $190,433 / $167,557 / $147,639

Zaxby’s Overview:

Founded in 1990

972+ locations (2024)

798 franchised units, 174 corporate units

Headquarters in Atlanta, GA

Investment Highlights:

Long-term lease with strong guarantor

Established location with strong sales history (operating since 2016)

High-barrier-to-entry submarket

NOI at 8% of sales