Investment Overview

Marcus & Millichap is pleased to present this single-tenant Checkers located at 107 E 95th Street in Chicago, Illinois. The asset is situated on a corner lot with two ingress/egress points and a signalized intersection. Checkers is operating on an Absolute Net lease with a franchise guarantee and currently has over four years of term remaining. There are four five-year renewal option periods and minimal landlord responsibilities. The franchisee operates 14 units in the greater Chicago area. Checkers is an iconic and innovative drive-thru restaurant chain known for its bold, craveable food, famous fries, exceptional value, and people-first attitude, operates and franchises both Checkers® and Rally’s® restaurants. With more than 520 restaurants and room to grow, Checkers is a proven brand with flexible building formats that is aggressively expanding across the country. The property features excellent visibility on E 95th Street with traffic counts of 13,200 vehicles per day. Interstate-94 is less than a half mile away from the restaurant, which experiences over 236,800 vehicles per day. Interstate-94 serves as the main highway leading to Downtown Chicago. At the intersection of E 95th Street and Interstate-94 is the 95th / Dan Ryan Red Line and the Greyhound Chicago 95th Bus Station. There are 560,214 residents with an average household income of $62,196 and a strong daytime population of 420,990 within a five-mile radius of the asset. The property is one mile from Chicago State University, a public institution with an undergraduate enrollment of approximately 1,500 students. Also near to the property is Olive-Harvey College, the largest City Colleges of Chicago (CCC) campus. CCC is one of the nation's largest community college districts and the largest in Illinois. About 4,000 faculty and staff help prepare over 60,000 students each year to enter the workforce, pursue higher education and advance their careers. Advocate Trinity Hospital is three miles from the asset with 438 staffed beds. Notable national tenants in the area include Jewel-Osco, Walmart, Home Depot, Aldi, Lowe’s, Floor & Décor, Planet Fitness, among others. The nearest Checkers is three miles away. There is 20.9 million square feet of retail within five miles of the property. In summary, this property provides an investor the opportunity to acquire an asset with no landlord responsibilities, situated in a densely populated market.