Trophy Palm Beach County Checkers Restaurant

  • $2,850,000
7041, North Seacrest Boulevard, Lantana, Palm Beach County, Florida, 33462, United States of America

Trophy Palm Beach County Checkers Restaurant

7041, North Seacrest Boulevard, Lantana, Palm Beach County, Florida, 33462, United States of America
  • $2,850,000

Overview

Property ID: 18565
  • Property Type
  • Casual Dining Properties
  • 816
  • sqft
  • 2018
  • Year Built

Description

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.

Details

Updated on April 14, 2020 at 9:25 am
  • Price: $2,850,000
  • Property Size: 816 sqft
  • Year Built: 2018
  • Property Type: Casual Dining Properties
  • Property Status: Available
  • Cap Rate: 5.23%
  • Lease Expiration: 18 years 2 months
  • NOI: $149,170
  • Tenant: Checkers
  • Cap Rate Range: 5%-6%
  • Address 7041, North Seacrest Boulevard, Lantana, Palm Beach County, Florida, 33462, United States of America
  • City Lantana
  • State/county Palm Beach County
  • Zip/Postal Code 33462

Features

Contact Information

View Listings
Ronnie Issenberg
  • Ronnie Issenberg

Get FREE Customized NNN Property List

Similar Listings

  • $2,860,419

Popeye’s 15-Year Absolute-Net (NNN) in Jasper, Georgia

  • $2,860,419
1860 Hwy 53 W, Jasper, GA 30143, USA
  • Cap Rate: 5.25%
  • NOI: $150,172
  • Casual Dining Properties
Details
  • $2,330,933

Popeye’s 15-Year Absolute-Net (NNN) in Canton, Georgia

  • $2,330,933
540, Riverstone Parkway, North Canton, Canton, Cherokee County, Georgia, 30114, United States of America
  • Cap Rate: 5.25%
  • NOI: $122,374
  • Casual Dining Properties
Details

Compare listings

Compare
Ronnie Issenberg
  • Ronnie Issenberg