Checkers

4788 Jonesboro Road, Union City, GA 30291

$2,400,000

Cap Rate 6.00%

Views: 75 DOM: 92 Updated: 10.14.24 Posted: 08.21.24 Status: Active

Summary

Price $2,400,000	Built/Renov 2024	Tenant Checkers
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 800	Lease Start 12-01-2024	#Units 5
Price/SF $3,000.00	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $144,000	R. Term 15.1	Ownership Fee Simple
Rent/SF $180.00	Increases 7.5%/5/yrs	Pop 5Mi 110,789
Lot/AC 0.49	Options 2/5yrs/7.5%	AHHI 5Mi $81,531

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

New construction completed in 2024
Brand new 15-year sale-leaseback with 2 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Strong franchisee | Operates Popeye’s, Tim Hortons, Checkers & Moe’s

Location Description

Checkers is strategically located on Jonesboro Road, with access to 33,000 vehicles passing by daily. The property is conveniently situated off I-85, the main retail artery, and is surrounded by well-known national tenants including O'Reilly Auto Parts, KFC, McDonald's, Pizza Hut, Arby's, and more. Additionally, it is 10 miles from Hartsfield-Jackson Atlanta International Airport, the world’s...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Checkers Wikipedia Checkers Wikipedia Union City, Georgia Zip Code 30291 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Checkers
Guarantor:Franchisee
Company:Franchisee
# Units:5
Stock:Private

About Tenant

Checkers is a drive-in chain that offers hamburgers, hot dogs, french fries, milkshakes, and other fast food products through its chain of restaurants under the brand names Checkers and...

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Listing Broker

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