This newly constructed freestanding Checkers is located directly on Southwest Drive in Jonesboro, Arkansas lending it exposure to more than 20,000 cars per day.
This site, located within Sushma Park, has multiple access points along Southwest Drive & Alexander Drive. The property is surrounded by major retailers & restaurants that include Outback Steakhouse, Lost Pizza Co., The Truck Patch, Domino's Pizza, & First National Bank.
This NEW TO MARKET CHECKERS INVESTMENT PROPERTY is being offered as a sale-leaseback with an NOI of $133,000 / YR with a CAP rate of 7.50% along with an initial 15-year term with three (3), five (5) year options. There will be ten percent (10%) rental increase every five years of the initial term & at each exercised option period.
The operator & franchisee is local & has a history of owning successful restaurants. He also owns other real estate & business operations.