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Checkers

Tallahassee, Florida

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The NNN Pro Group is pleased to present the exclusive listing for the Checkers located at 802 Lake Bradford Road in Tallahassee, Florida. The site consists of roughly 1,978 rentable square feet of building space on estimated 0.42-acre parcel of land. This Checkers is subject to a 20-year absolute triple-net (NNN) lease, which will commence on August 1st, 2022. The annual rent will be $117,265 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Triple Net (NNN) Lease | Zero Landlord Responsibilities
✓ 2.00% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Option Periods
✓ Award Winning Operator
✓ Excellent Unit-Level Sales

Key Details

Price:
$2,039,392
Cap Rate:
5.75%
Annual Rent:
$117,265
Address:
802 Lake Bradford Road, Tallahassee, Florida 32304
Property Type:
Quick Service Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
COE
Lease Expiration:
20 Years from COE
Lease Term Remaining:
20 Years
Rental Increases:
2.00% Annually
Lot Size:
+/- 0.42 Acres
Building Size:
1,978 SF
Year Built:
2009
Tenant:
Checkers

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646


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