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Restaurant

Checkers Absolute NNN - Brunswick GA

5599 Altama Ave, Brunswick, GA 31525

Listing Price: $1,800,000

Cap Rate
6.00%
Tenant Name
Checkers
Years Remaining On Lease
18.9
Gross SF
1,100
Guarantor
Franchisee Guarantee
Rentable SF
1,100
Price/Gross SF
$1,636.36
Lease Type
Absolute Net
Rent Per Square Feet
$98.18

Investment Overview

Marcus & Millichap is pleased to offer this Checker’s property paired with an absolute net long term lease with zero landlord responsibilities. Checkers Drive-In Restaurants, Inc. are both American fast food double drive-thru chains in the United States. The 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. In 1996, Rally's was bought by CKE Restaurants, parent company of Carl's Jr. and Hardee's. CKE sold Rally's to Checkers in 1999. Unlike the two CKE chains (which have at various points flip flopped between marketing Carl's Jr. & Hardee's as one chain or separate regional chains that both share Carl's Jr's Happy Star logo and imaging, but have largely separate menus), Checkers promptly merged Rally's into its branding, and the two chains are now only different by name.

Investment Highlights

  • Zero Landlord Responsibilities on a Long-Term Lease
  • New Construction on Main Retail Corridor
  • Signalized Intersection with Strong Traffic Counts

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Checkers Absolute NNN - Brunswick GA

Listing Price: $1,800,000

Cap Rate
6.00%
Tenant Name
Checkers
Years Remaining On Lease
18.9
Gross SF
1,100
Guarantor
Franchisee Guarantee
Rentable SF
1,100
Price/Gross SF
$1,636.36
Lease Type
Absolute Net
Rent Per Square Feet
$98.18

Investment Highlights

  • Zero Landlord Responsibilities on a Long-Term Lease
  • New Construction on Main Retail Corridor
  • Signalized Intersection with Strong Traffic Counts

Investment Overview

Marcus & Millichap is pleased to offer this Checker’s property paired with an absolute net long term lease with zero landlord responsibilities. Checkers Drive-In Restaurants, Inc. are both American fast food double drive-thru chains in the United States. The 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. In 1996, Rally's was bought by CKE Restaurants, parent company of Carl's Jr. and Hardee's. CKE sold Rally's to Checkers in 1999. Unlike the two CKE chains (which have at various points flip flopped between marketing Carl's Jr. & Hardee's as one chain or separate regional chains that both share Carl's Jr's Happy Star logo and imaging, but have largely separate menus), Checkers promptly merged Rally's into its branding, and the two chains are now only different by name.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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