Investment Offering
Tenant: Checkers
Premises: 652 SF
Renewal Options: none
Lease Expiration: 9/30/2035
Lease Type: NNN
Rental Increases: 15% Every 5 Years
- Brand New 20 Year Lease Commenced September 2015
- 15% Rent Increases Every 5 Years
- Situated 5 Miles East of Hartsfield-Jackson Atlanta International Airport, The World’s Busiest Airport
- Personal Guaranty From Operator Pinnacle 1 Holding Group, Inc.
- Over 163,000 People Living in a 5 Miles Radius
- Daily Traffic Count in Excess of 25,000 Vehicles Per Day
- Jonesboro Road is the Main Retail Corridor in the Area
- Tenant Has Right of First Refusal and Sale is Contingent Upon Tenant’s Waiver of Right to Purchase
Tenant Overview
Checkers Drive-In Restaurants, Inc., is one of the largest chains of double drive-thru restaurants in the United States. The company operates Checkers and Rally’s restaurants in 28 states and the District of Columbia. They specialize in hamburgers, hot dogs, french fries, and milkshakes. Originally separate companies serving different geographic areas with Checkers serving the Southeast and Rally’s serving the Midwest, Checkers and Rally’s merged in August 1999. The merged company is headquartered in Tampa, Florida.
Area Overview
