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Restaurant

Checkers - 20 Year Absolute NNN Sale Leaseback

3429 Wrightsboro Rd, Augusta, GA 30909

Listing Price: $1,920,000

Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
20.0
Gross SF
786
Guarantor
Franchisee Guarantee
Rentable SF
786
Price/Gross SF
$2,442.75
Lease Type
Absolute Net
Rent Per Square Feet
$122.14

Investment Overview

Marcus and Millichap is pleased to offer a sale-leaseback opportunity for Checkers which will commence a 20-year NNN Lease with 10% increases every 5 years upon the close escrow. The lease also features four (4) 5-year renewal options.

Investment Highlights

  • Sale-Leaseback Opportunity for Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Lease Guaranteed by 5-Unit Franchisee and Experienced Checkers/Rally's Operator
  • Subject Property Located Along High-Density Retail Corridor
  • Outparcel to Richmond Plaza Shopping Center

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Checkers - 20 Year Absolute NNN Sale Leaseback

Listing Price: $1,920,000

Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
20.0
Gross SF
786
Guarantor
Franchisee Guarantee
Rentable SF
786
Price/Gross SF
$2,442.75
Lease Type
Absolute Net
Rent Per Square Feet
$122.14

Investment Highlights

  • Sale-Leaseback Opportunity for Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Lease Guaranteed by 5-Unit Franchisee and Experienced Checkers/Rally's Operator
  • Subject Property Located Along High-Density Retail Corridor
  • Outparcel to Richmond Plaza Shopping Center

Investment Overview

Marcus and Millichap is pleased to offer a sale-leaseback opportunity for Checkers which will commence a 20-year NNN Lease with 10% increases every 5 years upon the close escrow. The lease also features four (4) 5-year renewal options.

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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