Checkers 15 Year NNN Lease | Corporate Guarantee

9014 State Rd 52, Hudson, FL 34669, USA
$1,157,894

Description

Marcus & Millichap is pleased to present for sale this Corporate Guaranteed Checkers Drive Thru Restaurant in Hudson, Florida. Located one parcel away from the hard corner signalized intersection of State Road 52 and Little Road, this property experiences traffic counts in excess of 79,000 Vehicles Per Day. Checkers has approximately 15 year remaining on an absolute
NNN Lease and is situated on a large .97 Acre parcel of land. Checkers is considered an essential tenant with sales thriving throughout the pandemic.
Hudson is a city located approximately 30 miles north of Tampa, Florida. Tampa is a major city in, and the county seat of, Hillsborough, Florida. It is on the west cost of Florida on Tampa
Bay, near the Gulf of Mexico. Tampa is part of the metropolitan area most commonly referred to as the “Tampa Bay Area.”
The Tampa Bay metro area contains more than four million residents. The Tampa Bay area is West Central Florida’s center of government, commerce, communications, business, health care, scientific research, sports, culture, and entertainment. Several Fortune 1000 companies are headquartered in Tampa, including: OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial. Finance, insurance and real estate firms, including Raymond James Financial Inc. and JPMorgan Chase, employ close to 100,000 people. Medical technology companies such as Bausch & Lomb, Baxter Healthcare Corp. and Transitions Optical Inc. hire more than 10,000 people locally. The medical field in Tampa benefits from CAMLS, one of the most cutting edge medical simulation training centers in the world.

  • Rare Corporate Guaranteed Checkers Drive Thru Restaurant Long Term Lease
  • Excellent Intrinsic Value | Large .97 Acre Parcel of Land with Access Points on Little Road and State Road 52
  • Excellent Visibility | Traffic Counts Exceeding 79,000 Vehicles Per Day
  • Tenant Extended Lease for 15 Years Showing Strong Commitment to the Site
  • Absolute NNN Lease with 10% increases every 5 Years
  • Checkers is considered an Essential Tenant with sales thriving throughout the pandemic

Property Documents

  • City: Hudson
  • State/county: Florida
  • Zip/Postal Code: 34669
  • Country: United States

Detail

  • Price: $1,157,894
  • Year Built: 1992

Additional details

  • NOI: $55,000
  • CAP RATE: 4.75%

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