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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.

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

  • 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: $1,320,000

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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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