NNN Checkers- Lakeland FL

• Price: US $ 900,000
• Property Type: Free standing                    
• Occupancy: 100%
• CAP: 5.53%
• Building Area: approx. 942 SF = 87 m²
• Lot:  approx. 0.55 AC = 2,225 m²
• NOI: US $ 49,747
• Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
• Contract Terms: 12 years remaining on contract (Lease end 2030)
• Increases: 10% every 5 year
• Extensions: Four 5 year options
• Guarantor: Corporate Guaranteed – Checkers Drive-In Restaurants, Inc. (Founded in 1986 and is headquartered in Tampa, Florida. Owns and operates more than 870 locations www.checkers.com)– Checkers Drive-In Restaurants, Inc. (Founded in 1986 and is headquartered in Tampa, Florida. Owns and operate more than 870 locations www.checkers.com)
• Location: Located near the signalized, hard corner intersection of E. Edgewood Drive and Florida Ave with combined VPD of 61,000.