Checkers – NNN – Lakeland, FL
- Price: US $921,000
- Property Type: Free Standing (1 Tenant)
- Occupancy: 100%
- CAP: 40%
- Building Area: 942 SF = 87 m2
- Lot: 55 AC = 2,225 m2
- NOI: US $49,747 / year
- Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
- Contract Terms: 12 years remaining on contract (Lease end 2030)
- Increases: 10% every 5 years.
- Extensions: 2 – 5 years options.
- Guarantor: Corporate Guaranteed – Checkers Drive-In Restaurants, Inc. (Founded in 1986 and is headquartered in Tampa, Florida. Owns and operate more than 870 locations www.checkers.com)
- Extra: 5 miles away is Lakeside Village, a 558,000 square foot retail shopping center with anchor tenants Belk, Bed Bath & Beyond, and Kohls, providing a direct consumer base from which to draw from. Nearby national/credit tenants include a 24-hour Walmart Supercenter, Target, Hobby Lobby, Publix Supermarket, and more.
- Location: Located near the signalized, hard corner intersection of E. Edgewood Drive and Florida Ave with combined VPD of 61,000.