Located at 7041 Seacrest Boulevard, Lantana, Florida, this Checkers’ Restaurant is just a five-minute drive from the Palm Beach International Airport. This property has a 816 sq.ft. restaurant with a drive-thru window and a huge parking. It is situated on Hypoluxo Road and sees a total traffic count of over 51,455 vehicles per day. This restaurant is built in an area that has over 253,430 residences with an annual household income of more than $70,479 per year. The lease on this property expires in more than 18 years. The property is given under an absolute NNN lease where the landlord has no day-to-day responsibilities. You can expect a rent hike of three percent every year. The property sits on a huge area of 0.67 acres of land. Several National and Regional retailers are located in the proximity, including Mobil, Race Trac, Taco Bell, Tire Kingdom, Wendy’s, Family Dollar, Popeyes, Chevron, Holiday Inn, and Shell.

Checkers Drive-In Restaurants, Inc., is one of the largest chains of double drive-thru restaurants in the United States. The company has a restaurant chain in 28 states and the District of Columbia. Checkers and Rally’s restaurants specialize in hamburgers, hot dogs, French fries, and milkshakes.

This investment property is suitable for a 1031 exchange.

Property Details – 

• Property Type – Casual Dining Property
• Property Status – Available
• Location – 7041, North Seacrest Boulevard, Lantana, Palm Beach County, Florida, 33462, USA
• Number of units – 1
• Year of Construction – 2018
• Lease Type – Absolute Net Lease
• Lease Expiration – 18 years 2 months
• Property Size – 816 sq.ft.