Restaurant
Checkers – High Traffic Location in 3rd Largest MSA in Georgia
3429 Wrightsboro Rd, Augusta, GA 30909
Listing Price: $1,805,128
Cap Rate
5.85%
Tenant Name
Falcons Burger, LLC dba Checkers
Years Remaining On Lease
0.2
Gross SF
786
Guarantor
Franchisee Guarantee
Rentable SF
786
Price/Gross SF
$2,296.60
Lease Type
Absolute Net
Rent Per Square Feet
$134.35
Investment Overview
3429 Wrightsboro Rd., Augusta, GA
Checkers – High Traffic Location in 3rd Largest MSA in Georgia
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES The property is secured by a 20-year absolute NNN lease with 16.5 years remaining.
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS 10% rent increases every 5 years, with four (4) five-year renewal options.
- MAJOR RETAIL CORRIDOR · ADJACENT TO AUGUSTA MALL Adjacent to Augusta Mall, TJ Maxx, Harbor Freight, Joann Fabrics and is situated in the heart of a major commercial corridor in Augusta.
- HIGH TRAFFIC LOCATION | 3RD LARGEST MSA IN GEORGIA The property is situated on Wrightsboro Rd. (27,600 VPD) with close proximity to Highway 520 (95,100 VPD).
- STRONG FRANCHISE OPERATOR | 90+ LOCATIONS The lease is operated by Falcons Burger, LLC, a proven operator with 90 QSR locations across seven states including 57 Checkers & Rally's locations.
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Checkers – High Traffic Location in 3rd Largest MSA in Georgia
Listing Price: $1,805,128
Cap Rate
5.85%
Tenant Name
Falcons Burger, LLC dba Checkers
Years Remaining On Lease
0.2
Gross SF
786
Guarantor
Franchisee Guarantee
Rentable SF
786
Price/Gross SF
$2,296.60
Lease Type
Absolute Net
Rent Per Square Feet
$134.35
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES The property is secured by a 20-year absolute NNN lease with 16.5 years remaining.
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS 10% rent increases every 5 years, with four (4) five-year renewal options.
- MAJOR RETAIL CORRIDOR · ADJACENT TO AUGUSTA MALL Adjacent to Augusta Mall, TJ Maxx, Harbor Freight, Joann Fabrics and is situated in the heart of a major commercial corridor in Augusta.
- HIGH TRAFFIC LOCATION | 3RD LARGEST MSA IN GEORGIA The property is situated on Wrightsboro Rd. (27,600 VPD) with close proximity to Highway 520 (95,100 VPD).
- STRONG FRANCHISE OPERATOR | 90+ LOCATIONS The lease is operated by Falcons Burger, LLC, a proven operator with 90 QSR locations across seven states including 57 Checkers & Rally's locations.
Investment Overview
3429 Wrightsboro Rd., Augusta, GA
Exclusively Listed By
Broker of Record
Financing By
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