Restaurant
Checkers Ground Lease
3431 W Fond du Lac Ave, Milwaukee, WI 53210
Listing Price: $699,000
Investment Overview
Marcus & Millichap is pleased to present this single-tenant Checkers with dual drive-thru. This location was built-to-suit in 1997 and Checkers signed a 20 year renewal in 2020 that extended their lease through August 2040. The ground lease features 12% rent increases every five years, with the next increase occurring in October 2027. The adjacent O'Reilly Auto Parts is also available for sale.
Checkers Ground Lease
Investment Highlights
- 14 Years Remaining on an Absolute Net Ground Lease
- Built-to-Suit in 1997 and Checkers Renewed for 20 Years in 2020
- 12% Rent Increases Every Five Years - Next Rent Increase in October 2027 Raises the Cap Rate to 6.44%
- Top 4% of Checkers Nationwide, per Placer.ai – More Info on Page 10
- 35,000+ Vehicles Per Day and 480,000+ Residents within Five Miles
Exclusively Listed By
Listing Price: $699,000
Investment Highlights
- 14 Years Remaining on an Absolute Net Ground Lease
- Built-to-Suit in 1997 and Checkers Renewed for 20 Years in 2020
- 12% Rent Increases Every Five Years - Next Rent Increase in October 2027 Raises the Cap Rate to 6.44%
- Top 4% of Checkers Nationwide, per Placer.ai – More Info on Page 10
- 35,000+ Vehicles Per Day and 480,000+ Residents within Five Miles
Investment Overview
Marcus & Millichap is pleased to present this single-tenant Checkers with dual drive-thru. This location was built-to-suit in 1997 and Checkers signed a 20 year renewal in 2020 that extended their lease through August 2040. The ground lease features 12% rent increases every five years, with the next increase occurring in October 2027. The adjacent O'Reilly Auto Parts is also available for sale.
Exclusively Listed By
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