Checkers - Atlanta, GA (Low Rent-Corp Guaranty)
Corporate QSR | 6.50% Cap | Low-Rent
Marketing description
THE INVESTMENT
Long Term Lease | More than 13.5 years remain on an original 20-year lease
Absolute Triple Net Lease (NNN) with Zero Landlord Responsibilities
Inflation Hedge | Rent increases of 10% every 5 years provides insulation from future inflation
Guaranteed by Checkers Corporate | National brand with 700+ locations operating since 1986
THE LOCATION
Dense Retail Corridor | Strong national tenants populate the immediate area leading to visibility at this location from nearly 30,000 vehicles per day
Strong Traffic Drivers | Located less than 3 miles from Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport serving over 100 million passengers annually and generating $70+ billion in regional economic impact
Surrounding national tenants include: Walmart Supercenter, Home Depot, Target, Kroger, Costco, Sam’s Club, McDonald’s, Chick-fil-A, Taco Bell, Wendy’s, and numerous other national retailers in the Camp Creek Marketplace
THE BRAND / TENANT
Established Brand | Checkers Drive-In Restaurants has been operating since 1986 with 700+ locations across 28 states
Efficient Operating Model | Checkers operates a highly-efficient double drive-thru format resembling the now-favored model of larger QSR brands to minimize footprint and increase drive thru capability
Investment highlights
PRIME LOCATION WITH EXCEPTIONAL VISIBILITY
Checkers is situated on Camp Creek Parkway, one of the busiest retail corridors in South Metro Atlanta, and benefits from a diverse mix of daily consumer, airport commuter, and destination traffic.
CONVENIENT LOCATION NEAR PREMIER SHOPPING DESTINATIONS
Positioned in the heart of Camp Creek Marketplace, this property’s ideal location attracts cross-over traffic from national retailers such as Walmart Supercenter, Home Depot, Target, Kroger, Costco, Sam’s Club, and many other national retailers.
PROXIMITY TO WORLD’S BUSIEST AIRPORT
This location is less than 3 miles from Hartsfield-Jackson Atlanta International Airport (100+ million annual passengers, 63,000+ direct employees), providing consistent traffic from travelers, airport employees, and businesses serving the aviation industry.
GROWING POPULATION
East Point and the Atlanta metropolitan area’s population has increased significantly since 2010, with the metro area growing to over 6 million residents, and continued growth projected into 2028 and beyond.
ATLANTA METROPOLITAN MARKET
Located in the 9th largest metropolitan economy in the United States, this location is ideally positioned to benefit from the continued economic development happening in Atlanta and its growing metropolitan area, including expansion in film production, logistics, corporate headquarters, and technology sectors.
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