Sold Subscription Required
| Price $2,474,226 | Built/Renov 1993 | Tenant Checkers (GL) |
| Cap Rate 4.85% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
724
| Lease Start
03-31-2024
| #Units
821
|
| Price/SF $3,417.44 | Expiration
03-30-2034
| Tenant Type Fast Food/QSR |
| NOI $120,000 | R. Term 9.3 | Ownership Ground Lease |
| Rent/SF
$165.75
| Increases 12.0%/5/yrs | Pop 5Mi 187,893 |
| Lot/AC 0.34 | Options 1/5yrs/12% | AHHI 5Mi $99,347 |
| | |
Checkers is strategically located on W Atlantic Boulevard, which serves as a main thoroughfare with access to 43,000 vehicles passing by daily. The property is surrounded by numerous apartment complexes, including South of Atlantic Luxury Apartments, Caspian Delray Beach Apartments, Village at Delray Apartments, and more. In close proximity, there are colleges and universities such as Bethesda...
...Major thoroughfare
Dense retail corridor
Trophy location
Top 100 MSA
Income tax free state
Recently extended lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 16,218 | 81,256 | 193,399 |
| 2023 Total Population : | 16,004 | 80,590 | 190,324 |
| 2023 Employed Civilian Pop : | 8,434 | 42,767 | 87,828 |
| 2023 Total Businesses : | 2,116 | 6,633 | 14,039 |
| 2023 Average Household Income : | $ 128,657 | $ 116,582 | $ 108,709 |
| 2023 Total Consumer Spending : | $ 740 M | $ 3778 M | $ 8895 M |
| 2023 Median Age : | 41 | 50 | 61 |
| 2023 Total Households : | 6,617 | 37,474 | 94,541 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,525 | 18,151 | 44,220 |
| 2023 Average Home Value : | $ 658,491 | $ 550,094 | $ 482,122 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Atlantic Ave | SW 4th Ave | 2016 | 26,500 | 0.02 mi |
| SW 5th Ave | SW 1st St | 2010 | 2,486 | 0.02 mi |
| West Atlantic Avenue | NW 5th Ave | 2020 | 30,000 | 0.05 mi |
| West Atlantic Avenue | NW 10th Ave | 2022 | 24,000 | 0.05 mi |
| West Atlantic Avenue | NW 5th Ave | 2021 | 28,500 | 0.05 mi |
| NW 5th Ave | W Atlantic Ave | 2010 | 2,894 | 0.06 mi |
| W Atlantic Ave | SW 2nd Ave | 2011 | 27,949 | 0.14 mi |
| SW 2nd Ave | W Atlantic Ave | 2011 | 3,516 | 0.17 mi |
| W Atlantic Ave | SW 8th Ave | 2013 | 25,113 | 0.18 mi |
| W Atlantic Ave | SW 2nd Ave | 2016 | 24,000 | 0.19 mi |
Jacksonville, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 1,708
San Antonio, TX
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 950
Tempe, AZ
Cap Rate 5.25%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 1,575
Morristown, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 990
North Richland Hills, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 2,800
St. Augustine, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 950
Nashville, TN
Cap Rate 5.00%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 950
Burlington, NJ
Cap Rate 5.10%
Lease Abs NNN
R. Term 18.10 yrs
Size/SF 2,518
Sevierville, TN
Cap Rate 5.15%
Lease Abs NNN
R. Term 18.40 yrs
Size/SF 959
Strongsville, OH
Cap Rate 5.25%
Lease Abs NNN
R. Term 14.90 yrs
Size/SF 1,860
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 13.40 yrs
Size/SF 890
Port Charlotte, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.40 yrs
Size/SF 2,370
Snellville, GA
Cap Rate 5.85%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 4,481
Abbeville, LA
Cap Rate 5.52%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,147
Allen Park, MI
Cap Rate 5.25%
Lease Abs NNN
R. Term 3.11 yrs
Size/SF 4,488
Stillwater, OK
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 981
Penitas, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 1,227
Davenport, FL
Cap Rate 4.50%
Lease Abs NNN
R. Term 14.10 yrs
Size/SF 950
East Liverpool, OH
Cap Rate 5.00%
Lease Abs NNN
R. Term 15.80 yrs
Size/SF 5,062
Fort Worth, TX
Cap Rate 5.50%
Lease Abs NNN
R. Term 8.10 yrs
Size/SF 1,904
Daytona Beach, FL
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.50 yrs
Size/SF 950
Oak Creek, WI
Cap Rate 5.53%
Lease Abs NNN
R. Term 12.00 yrs
Size/SF 1,829
Visalia, CA
Cap Rate 5.50%
Lease Abs NNN
R. Term 4.50 yrs
Size/SF 3,016
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
