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Restaurant

Checkers

802 Lake Bradford Rd, Tallahassee, FL 32304

Listing Price: $2,132,091

Cap Rate
5.50%
Tenant Name
Quick Service Capital Partners, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
1,978
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Checkers located at 802 Lake Bradford Road in Tallahassee, Florida. The site consists of roughly 1,978 rentable square feet of building space on estimated 0.42-acre parcel of land. This Checkers is subject to a 20-year absolute triple-net (NNN) lease, which will commence on August 1st, 2022. The annual rent will be $117,265 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Triple Net (NNN) Lease | Zero Landlord Responsibilities
  • 2.00% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $2,132,091

Cap Rate
5.50%
Tenant Name
Quick Service Capital Partners, LLC
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
1,978
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.28

Investment Highlights

  • Long-Term, 20-Year Triple Net (NNN) Lease | Zero Landlord Responsibilities
  • 2.00% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Checkers located at 802 Lake Bradford Road in Tallahassee, Florida. The site consists of roughly 1,978 rentable square feet of building space on estimated 0.42-acre parcel of land. This Checkers is subject to a 20-year absolute triple-net (NNN) lease, which will commence on August 1st, 2022. The annual rent will be $117,265 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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