Checkers
STRONG UNIT PREFORMANCE | ABSOLUTE NNN | 10-YEAR SLB at COE
Marketing description
Current Real Estate Advisors is pleased to present the opportunity to acquire this Checkers restaurant (the "Property"), a freestanding, single-tenant ±2,904 SF building located on a 0.44 acre lot in Jacksonville, FL. The Property benefits from an Absolute NNN lease, imposing zero landlord responsibilities and delivering a fully passive income stream. This asset is part of a Portfolio (see Page 3 for details) and may be acquired separately or together.
This offering is structured as a Sale-Leaseback transaction, with a brand-new 10-year lease to be executed at closing, featuring 2% annual rent escalations and 2, 5-year renewal options—reflecting the operator's long-term commitment to and confidence in this location.
The Tenant is a proven, Jacksonville-based multi-concept operator with an established track record across multiple brands and franchise systems throughout the market. This Checkers location is a strong performer, evidenced by healthy unit-level sales and a favorable Rent-to-Sales ratio — underscoring the durability and resilience of the underlying cash flow.
This offering represents a compelling opportunity to acquire a well-positioned, income-producing quick-service restaurant asset within one of Florida's most dynamic and fastest-growing MSAs, backed by a committed local operator and underpinned by a stable, long-term passive income stream.
Investment highlights
- Strong Unit-Level Sales Performance - This location demonstrates healthy sales volumes and a favorable Rent-to-Sales ratio, providing tangible evidence of established consumer demand and the long-term viability of the site within its submarket
- Secure + Steady Income Stream - The Property benefits from a brand-new Absolute NNN 10-year lease, with zero Landlord responsibilities, delivering a fully passive, management-free income stream from day one
- Robust RE Fundamentals - Located right off I-295 (116K+ VPD) with strong visibility and exposure along 103rd St (48.5K+ VPD), adjacent to Westside High school and surrounded by national retailers such as Walmart, Publix, dd's Discounts, and McDonalds, amongst several others
- Acquisition Flexibility - The Property may be acquired as a standalone asset or in conjunction with an additional Checkers location within the Jacksonville MSA, affording investors the ability to tailor their acquisition to specific capital deployment objectives and return thresholds
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