Checkers

3429 Wrightsboro Rd, Augusta, GA 30909

$1,625,000

Cap Rate 6.50%

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DOM: 1 Updated: 10.02.25 Posted: 10.02.25 Status: Active 10.02.25

Summary

Price $1,625,000	Built/Renov 1994	Tenant Checkers
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 786	Lease Start 08-01-2022	#Units 878
Price/SF $2,067.43	Expiration 07-31-2042	Tenant Type Fast Food/QSR
NOI $105,600	R. Term 16.10	Ownership Fee Simple
Rent/SF $134.35	Increases 10.0%/6/yrs	Pop 5Mi 153,856
Lot/AC 0.46	Options 4/5yrs/10%	AHHI 5Mi $75,078

Peter Deltondo

Marcus & Millichap

Contact

Highlights

Freestanding Checkers restaurant on Wrightsboro Road in Augusta, Georgia
Absolute NNN lease with zero landlord responsibilities
20-year lease term commenced August 2022 with 17 years remaining
10 percent rent increases every five years with four five-year renewal options
Strong franchisee operator guarantee backed by 21-unit Checkers franchisee
Building size 786 square feet on 0.46-acre lot
Annual net operating income of $105,600 with 6.50% cap rate
Located in major retail corridor adjacent to Augusta Mall and national retailers

Location Description

Checkers is strategically located along Wrightsboro Road in Augusta, Georgia, with access to a daily traffic count of approximately 27,600 vehicles. The site is surrounded by major national retailers including Augusta Mall, TJ Maxx, Harbor Freight, Joann Fabrics, Burger King, McDonald’s, and Wells Fargo, driving consistent consumer traffic to the area. The property is located near several...

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Key Features

Hard corner intersection
In location for years
Major thoroughfare
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Corporate Guarantee

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Links

Checkers and Rally's Wikipedia Checkers and Rally's Wikipedia Augusta, GA Zip Code 30909 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Checkers
Guarantor:Corporate
Company:Oak Hill Capital Partners
# Units:878
Stock:Private

About Tenant

Checkers is a drive-in chain that offers hamburgers, hot dogs, french fries, milkshakes, and other fast food products through its chain of restaurants under the brand names Checkers and...

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Listing Broker

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