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Restaurant

Checkers

13500 S Post Oak Rd, Houston, TX 77045

Listing Price: $1,165,000

Cap Rate
5.15%
Tenant Name
Checkers
Years Remaining On Lease
8.3
Gross SF
1,050
Guarantor
Franchisee Guarantee
Rentable SF
1,050
Price/Gross SF
$1,109.52
Lease Type
Double Net
Rent Per Square Feet
$57.14

Investment Overview

Marcus & Millichap is pleased to present for sale single tenant, Checkers Restaurant located in Houston, Texas. The 0.40-acre property is improved with 1,050 square feet building with a drive thru and walk-up window. The property is located along South Post Oak Road which experiences traffic counts of over 38,300 vehicles per day. The Operator has a total of three locations and supports the lease with a Personal Guarantee. Population within a five-mile radius exceeds 35,000. Household income on average within a one-mile radius is over $81,900 annually. This area serves as a main retail corridor for the surrounding community. Other notable retailers in the area include McDonalds, Burger King, Walgreens, Discount Tire and AutoZone to name a few.

Investment Highlights

  • Strong Traffic Counts of 38,300 Vehicles Per Day
  • Drive Thru & Walk Up Window
  • NN Lease With Eight Years Remaining

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $1,165,000

Cap Rate
5.15%
Tenant Name
Checkers
Years Remaining On Lease
8.3
Gross SF
1,050
Guarantor
Franchisee Guarantee
Rentable SF
1,050
Price/Gross SF
$1,109.52
Lease Type
Double Net
Rent Per Square Feet
$57.14

Investment Highlights

  • Strong Traffic Counts of 38,300 Vehicles Per Day
  • Drive Thru & Walk Up Window
  • NN Lease With Eight Years Remaining

Investment Overview

Marcus & Millichap is pleased to present for sale single tenant, Checkers Restaurant located in Houston, Texas. The 0.40-acre property is improved with 1,050 square feet building with a drive thru and walk-up window. The property is located along South Post Oak Road which experiences traffic counts of over 38,300 vehicles per day. The Operator has a total of three locations and supports the lease with a Personal Guarantee. Population within a five-mile radius exceeds 35,000. Household income on average within a one-mile radius is over $81,900 annually. This area serves as a main retail corridor for the surrounding community. Other notable retailers in the area include McDonalds, Burger King, Walgreens, Discount Tire and AutoZone to name a few.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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