Listed by Deltondo Advisory Group Irvine
$1,550,000
STNL Checkers Fast Food Restaurant
Details
APN 041-0-018-02-0
Property Type Retail
Sub Type QSR/Fast Food, Checkers
Square Footage 786
Units 1
Cap Rate 6.19%
NOI $96,000
Occupancy 100%
Tenancy Single
Brand/Tenant Checkers and Rally's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2042
Remaining Term 16.2
Rent Bumps Yes
Lease Options Four, 5 Year
Year Built 1994
Stories 1
Acreage 0.460
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/01/2022
Ground Lease No
LOW PRICE POINT: UNDER $1.7M WITH 16.5 YEARS REMAINING
Investment highlights
ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES - The property is secured by a 20-year absolute NNN lease with 16.5 years remaining.
ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS - 10% rent increases every 5 years, with four (4) five-year renewal options.
MAJOR RETAIL CORRIDOR · ADJACENT TO AUGUSTA MALL - Adjacent to Augusta Mall, TJ Maxx, Harbor Freight, Joann Fabrics and is situated in the heart of a major commercial corridor in Augusta.
HIGH TRAFFIC LOCATION | 3RD LARGEST MSA IN GEORGIA - The property is situated on Wrightsboro Rd. (27,600 VPD) with close proximity to Highway 520 (95,100 VPD).
STRONG FRANCHISE OPERATOR | 21 Units
Listing Contacts
Listed by Deltondo Advisory Group Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
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