Drug Store

Checkers 15 Year NNN Corporate Guarantee

9014 State Rd 52, Hudson, FL 34669

Listing Price: $1,157,894

Cap Rate
4.75%
Tenant Name
Checkers
Years Remaining On Lease
15.0
Gross SF
1,108
Guarantor
Corporate Guarantee
Rentable SF
1,108
Price/Gross SF
$1,045.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.64

Investment Overview

Marcus & Millichap is pleased to present for sale this Corporate
Guaranteed Checkers Drive Thru Restaurant in Hudson, Florida.
Located one parcel away from the hard corner signalized
intersection of State Road 52 and Little Road, this property
experiences traffic counts in excess of 79,000 Vehicles Per Day.
Checkers has approximately 15 year remaining on an absolute
NNN Lease and is situated on a large .97 Acre parcel of land.
Checkers is considered an essential tenant with sales thriving
throughout the pandemic.
Hudson is a city located approximately 30 miles north of
Tampa, Florida. Tampa is a major city in, and the county seat of,
Hillsborough, Florida. It is on the west cost of Florida on Tampa
Bay, near the Gulf of Mexico. Tampa is part of the metropolitan
area most commonly referred to as the Tampa Bay Area.
The Tampa Bay metro area contains more than four million
residents. The Tampa Bay area is West Central Floridas center
of government, commerce, communications, business, health
care, scientific research, sports, culture, and entertainment.
Several Fortune 1000 companies are headquartered in Tampa,
including: OSI Restaurant Partners, WellCare, TECO Energy, and
Raymond James Financial. Finance, insurance and real estate
firms, including Raymond James Financial Inc. and JPMorgan
Chase, employ close to 100,000 people. Medical technology
companies such as Bausch & Lomb, Baxter Healthcare Corp.
and Transitions Optical Inc. hire more than 10,000 people
locally. The medical field in Tampa benefits from CAMLS, one of
the most cutting edge medical simulation training centers in the
world.

Investment Highlights

  • Rare Corporate Guaranteed Checkers Drive Thru Restaurant Long Term Lease
  • Excellent Visibility | Traffic Counts Exceeding 79,000 Vehicles Per Day
  • Tenant Extended Lease for 15 Years Showing Strong Commitment to the Site
  • Absolute NNN Lease with 10% increases every 5 Years
  • Florida is a No Income Tax State

Exclusively Listed By

Drug Store

Checkers 15 Year NNN Corporate Guarantee

Listing Price: $1,157,894

Cap Rate
4.75%
Tenant Name
Checkers
Years Remaining On Lease
15.0
Gross SF
1,108
Guarantor
Corporate Guarantee
Rentable SF
1,108
Price/Gross SF
$1,045.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.64

Investment Highlights

  • Rare Corporate Guaranteed Checkers Drive Thru Restaurant Long Term Lease
  • Excellent Visibility | Traffic Counts Exceeding 79,000 Vehicles Per Day
  • Tenant Extended Lease for 15 Years Showing Strong Commitment to the Site
  • Absolute NNN Lease with 10% increases every 5 Years
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Corporate
Guaranteed Checkers Drive Thru Restaurant in Hudson, Florida.
Located one parcel away from the hard corner signalized
intersection of State Road 52 and Little Road, this property
experiences traffic counts in excess of 79,000 Vehicles Per Day.
Checkers has approximately 15 year remaining on an absolute
NNN Lease and is situated on a large .97 Acre parcel of land.
Checkers is considered an essential tenant with sales thriving
throughout the pandemic.
Hudson is a city located approximately 30 miles north of
Tampa, Florida. Tampa is a major city in, and the county seat of,
Hillsborough, Florida. It is on the west cost of Florida on Tampa
Bay, near the Gulf of Mexico. Tampa is part of the metropolitan
area most commonly referred to as the Tampa Bay Area.
The Tampa Bay metro area contains more than four million
residents. The Tampa Bay area is West Central Floridas center
of government, commerce, communications, business, health
care, scientific research, sports, culture, and entertainment.
Several Fortune 1000 companies are headquartered in Tampa,
including: OSI Restaurant Partners, WellCare, TECO Energy, and
Raymond James Financial. Finance, insurance and real estate
firms, including Raymond James Financial Inc. and JPMorgan
Chase, employ close to 100,000 people. Medical technology
companies such as Bausch & Lomb, Baxter Healthcare Corp.
and Transitions Optical Inc. hire more than 10,000 people
locally. The medical field in Tampa benefits from CAMLS, one of
the most cutting edge medical simulation training centers in the
world.

Exclusively Listed By

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