Restaurant
Checkers - 20 Year Absolute NNN Sale Leaseback
3050 Washington Rd, Augusta, GA 30907
Listing Price: $1,320,000
Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
20.0
Gross SF
810
Guarantor
Franchisee Guarantee
Rentable SF
810
Price/Gross SF
$1,629.63
Lease Type
Absolute Net
Rent Per Square Feet
$81.48
Investment Overview
Marcus and Millichap are 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.
Checkers - 20 Year Absolute NNN Sale Leaseback
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
- Forward Thinking, Aggressively Expanding Operator
- Strategically Located Along Major Augusta Thoroughfare Washington Road
Exclusively Listed By
Broker of Record
Listing Price: $1,320,000
Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
20.0
Gross SF
810
Guarantor
Franchisee Guarantee
Rentable SF
810
Price/Gross SF
$1,629.63
Lease Type
Absolute Net
Rent Per Square Feet
$81.48
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
- Forward Thinking, Aggressively Expanding Operator
- Strategically Located Along Major Augusta Thoroughfare Washington Road
Investment Overview
Marcus and Millichap are 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
