Filters

8 Properties

    Current Status *

    Current Status Required
  • Ownership

  • Lease Type


  • Region

    State

    City / Metro



  • Property Type

  • Tenant Type

    Tenant Name

  • Total # Tenants


  • Lease Guarantor




loader
Join

Save Search

$ 1,625,000

Checkers

Fast Food/QSR  

Cap Rate 6.50% | SF 786 | Term 16.8
Augusta, GA 30909
  • 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

  • ...
  • 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

  • Tenant Checkers
  • Guarantor Corporate
  • #Units 878
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

 

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 2,400,000

Checkers

Fast Food/QSR  

Cap Rate 6.00% | SF 800 | Term 14.0
Union City, GA 30291
  • New construction

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Personal guarantee

  • ...
  • New construction completed in 2024
  • Brand new 15-year sale-leaseback with 2 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong franchisee | Operates Popeye’s, Tim Hortons, Checkers & Moe’s
  • Tenant Checkers
  • Guarantor Franchisee
  • #Units 5
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 951,000 |$ 951,000

Checkers (GL)

Fast Food/QSR  

Cap Rate 5.75% | 5.75% | SF 814 | Term 3.2
Daytona Beach, FL 32114
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Checkers has been operating in this location for 30+ years
  • The tenant has 4+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 850
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 2,474,226 |$ 2,474,226

Checkers (GL)

Fast Food/QSR  

Cap Rate 4.85% | 4.85% | SF 724 | Term 8.3
Delray Beach, FL 33444
  • Major thoroughfare

  • Dense retail corridor

  • Trophy location

  • Top 100 MSA

  • Income tax free state

  • Recently extended lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Checkers recently extended their lease an additional 10-years & contains 1 (5-year) option to extend
  • The ground lease features a rental increase of 12% every 5 years in current term & option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 821
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 886,500 |$ 956,521

Checkers (GL)

Fast Food/QSR  

Cap Rate 6.20% | 5.75% | SF 1,010 | Term 9.2
Bradenton, FL 34210
  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Checkers has 11 years remaining on the current ground lease term with 2 (5-year) options to extend
  • The lease features 12% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 821
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 1,450,000 |$ 1,454,545

Checkers

Fast Food/QSR  

Cap Rate 5.52% | 5.50% | SF 762 | Term 9.0
Lake Worth Beach, FL 33460
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Checkers will be signing a brand-new 10-year lease with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 821
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds, and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and is headquartered in New York City, New York.

...

$ 1,200,000 |$ 1,239,669

Checkers

Fast Food/QSR  

Cap Rate 6.25% | 6.05% | SF 1,710 | Term 9.0
Ocala, FL 34470
  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Major MSA

  • Income tax free state

  • Recently extended lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Checkers recently executed a new 10-year lease extension
  • Lease features 10% rental increases every 5 years and in each of the 2 (5-year) option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 821
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and are headquartered in New York City, New York.

...

$ 1,350,000

Checkers (Dark)

Fast Food/QSR  

Cap Rate 7.17% | SF 938 | Term 3.10
Chicago, IL 60609
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Absolute NNN

  • Corporate Guarantee

  • Over 500 units backed

  • ...
  • Checkers is currently a dark location with 5+ years remaining on the current lease term with 6 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Oak Hill Capital Partners
  • Tenant Checkers
  • Guarantor Corporate
  • #Units 821
  • Stock Private

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 Rally's Hamburgers. Originally different companies, Checkers was founded in 1986 in Mobile, AL, while Rally’s was founded in 1985 in Louisville, KY. In 1999, CKE Restaurants decided to sell the Rally’s brand to Checkers which merged the two drive-through chains into one single entity. Most recently, Checkers was sold to Oak Hill Capital Partners in March of 2017, where it is currently still under private ownership. The names used are currently being split by regions, with Checkers being used mainly in the Southeast along with the Northeast, while the Rally’s brand is used in the Midwest and California. Headquartered in Tampa, FL, Checkers currently has over 800 locations.

Oak Hill Capital Partners is a private equity firm with more than $19B of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Their current portfolio includes the American Veterinary Group, Checkers Drive-In Restaurants, EPIC Insurance, and many more. Founded in 1986, the firm has completed over 100 private equity transactions and are headquartered in New York City, New York.

...

GET IN TOUCH

Get NNN Listings, News
& Insights in Your Inbox