Restaurant
Checkers Corporate 10 Year NNN Lease
1239 E Silver Springs Blvd, Ocala, FL 34470
Listing Price: $1,363,636
Investment Overview
Marcus & Millichap is pleased to present for sale this absolute net-leased
Checkers Restaurant located at 1239 E. Silver Springs Boulevard in Ocala,
Florida. The freestanding single-tenant property consists of a 1,710 Sq.Ft
building with a drive-thru and is situated on a .87-acre parcel of land.
Strategically located with frontage to East Silver Springs Boulevard, the property
benefits from great visibility to more than 28,000 vehicles per day. The property
also benefits from multiple points of ingress and egress along Silver Springs
Boulevard and NE 12th Terrace. Silver Springs Boulevard serves as a major
East-West thoroughfare which leads commuters to and from Historic Downtown
Ocala. There are numerous National and Regional Retailers in the area including
but not limited to RaceTrac, Wells Fargo, Regions Bank, Walgreens, PNC Bank,
Pizza Hut, Chase Bank, Taco Bell, Save A Lot, and numerous others. In addition
to outstanding demand drivers the property is also less than 2-miles from HCA
Florida Ocala Hospital with 323+ staffed beds.
Ocala is a city in and the county seat of Marion County, Florida with a population
of 63,591 and is the principal city of the Ocala MSA with more than 375,908
full time residents. There are several apartment complexes surrounding this
Checkers including Silver Springs Place, Rosewood Apartments, Briarwood
Apartments, Studebaker Apartments, Regency Apartments, and Deerwood
Village. A few miles away is a brand-new luxury home development community
Bellechase by Lennar with 120 homesites already sold out.
The tenant recently executed a 10-year Absolute NNN lease 10 percent increases
every five-years.
Checkers Drive-In Restaurants, Inc. is a chain of double drive-thru restaurants
in the United States. This company operates Checkers and Rally’s restaurants in
28 states and The District of Columbia. They specialize in hamburgers, hot dogs,
French fries and milkshakes. As of 2022, there were a total of 569 Checkers
locations and 309 Rally’s locations with annual revenue $521 Million Dollars.
Checkers Corporate 10 Year NNN Lease
Investment Highlights
- 10 Year Absolute NNN Lease | Zero Landlord Responsibility
- Recent Lease Extension | Strong Site Commitment
- Corporate Guarantee
- Attractive 10% Increases Every Five Years
- Less than Two Miles from HCA Florida Ocala Hospital | 323+ Total Staffed Beds
- Florida is a No Income Tax State
Listing Price: $1,363,636
Investment Highlights
- 10 Year Absolute NNN Lease | Zero Landlord Responsibility
- Recent Lease Extension | Strong Site Commitment
- Corporate Guarantee
- Attractive 10% Increases Every Five Years
- Less than Two Miles from HCA Florida Ocala Hospital | 323+ Total Staffed Beds
- Florida is a No Income Tax State
Investment Overview
Marcus & Millichap is pleased to present for sale this absolute net-leased Checkers Restaurant located at 1239 E. Silver Springs Boulevard in Ocala, Florida. The freestanding single-tenant property consists of a 1,710 Sq.Ft building with a drive-thru and is situated on a .87-acre parcel of land. Strategically located with frontage to East Silver Springs Boulevard, the property benefits from great visibility to more than 28,000 vehicles per day. The property also benefits from multiple points of ingress and egress along Silver Springs Boulevard and NE 12th Terrace. Silver Springs Boulevard serves as a major East-West thoroughfare which leads commuters to and from Historic Downtown Ocala. There are numerous National and Regional Retailers in the area including but not limited to RaceTrac, Wells Fargo, Regions Bank, Walgreens, PNC Bank, Pizza Hut, Chase Bank, Taco Bell, Save A Lot, and numerous others. In addition to outstanding demand drivers the property is also less than 2-miles from HCA Florida Ocala Hospital with 323+ staffed beds. Ocala is a city in and the county seat of Marion County, Florida with a population of 63,591 and is the principal city of the Ocala MSA with more than 375,908 full time residents. There are several apartment complexes surrounding this Checkers including Silver Springs Place, Rosewood Apartments, Briarwood Apartments, Studebaker Apartments, Regency Apartments, and Deerwood Village. A few miles away is a brand-new luxury home development community Bellechase by Lennar with 120 homesites already sold out. The tenant recently executed a 10-year Absolute NNN lease 10 percent increases every five-years. Checkers Drive-In Restaurants, Inc. is a chain of double drive-thru restaurants in the United States. This company operates Checkers and Rally’s restaurants in 28 states and The District of Columbia. They specialize in hamburgers, hot dogs, French fries and milkshakes. As of 2022, there were a total of 569 Checkers locations and 309 Rally’s locations with annual revenue $521 Million Dollars.
