Just Closed! Checkers Drive Thru Restaurant in Pompano Beach, Florida

Just Closed! Checkers Drive Thru Restaurant in Pompano Beach, Florida

Investment Highlights:

■ Checkers Restaurant Drive In with Corporate Guaranteed
Lease
■ Excellent Exposure: Traffic Counts Exceeding 56,500
Vehicles Per Day
■ Pompano Beach is Centrally Located Between Miami and
Palm Beach County (33 Miles from Each)
■ Dense Population: More than 19,000 People in a 1-Mile
Radius and 320,000 People in a 5-Mile Radius
■ Tenant Recently Extended Lease for 10 Years Showing
Strong Commitment to the Site
■ Checkers is Considered an Essential Tenant with Sales
Thriving Throughout the Pandemic
■ Florida is a No Income Tax State

Investment Overview:

Marcus & Millichap is pleased to present for sale this corporate
guaranteed Checkers Restaurant with drive-thru in Pompano Beach,
Florida. Pompano Beach is located just north of Fort Lauderdale and
a short 35 minute drive from downtown Miami. This Checkers boasts
strong sales which is indicated by a recent ten-year lease extension
executed by the tenant. Situated just off Interstate-95 on the mature
retail corridor Sample Road, this location experiences daily traffic
volume exceeding 56,000 vehicles per day. The area also features a
host of national retailers including The Home Depot, Costco, Rooms To
Go, CVS, Bank of America, Family Dollar, McDonald’s, Subway, Sprint,
CarMax, IHOP, Wawa, 7-11 and several other service stations.
Pompano Beach is a city in Broward County, Florida situated just north
of Fort Lauderdale and located in Florida’s famous Gold Coast. The city
has more than 150,000 residents that enjoy its sun filled beaches and
aquatic activities. Pompano Beach is a short 12-minute drive to Fort
Lauderdale International Airport, providing convenience for its “snow
bird” residents. Pompano Beach is centrally located between Miami
and Palm Beach (33 miles from each).
Checkers Drive-In Restaurants, Inc., is one of the largest chains of
double drive-thru restaurants in the United States. The company
operates Checkers and Rally’s restaurants in 28 states and the District
of Columbia. They specialize in hamburgers, hot dogs, french fries, and
milkshakes. Checkers and Rally’s had similar concepts, being almost
exclusively drive-thru with very little seating. After the merger, Rally’s
began redesigning its restaurants to follow the Checkers look. Today,
Checkers and Rally’s restaurants look nearly identical, the only major
difference being the name on the sign. In June 2006, the company
went private through a merger with Taxi Holdings Corp., an affiliate
of Wellspring Capital Management, a private equity firm. In 2014,
Wellspring sold Checkers to another private equity firm, Sentinel Capital
Partners.

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