Checkers | Part of Portfolio of 9

2270 South Military Trail | West Palm Beach, FL 33415 - 2270 South Military Trail | West Palm Beach, FL 33415

LTV (Loan to Value)	65.00%	Current NOI	$580,342.00
Interest Rate	4.250%	Capital Rate	5.000%
Fixed Term	10 Years	Land Area	+/-0.37 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$903,552.00	Property Type	Retail
Payment	$4,894.89	Property Lease	Restaurant
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer to qualified investors a sale leaseback Checkers Drive-In Restaurant in West Palm Beach, FL. The subject property is available individually or as part of a portfolio of nine (9) Checkers' last corporate-owned stores in Alabama, Florida, Georgia, and Michigan. This portfolio offers investors immediate geographic diversity across four states at a discounted total portfolio price. All stores have been in operation for over twenty years and a majority of the stores have been upgraded recently.

Highlights

Hard Corner Location in West Palm Beach - The subject property is on a desirable hard corner location near several…

Property Description

West Palm Beach, Florida is one of the three main cities in South Florida with a population of +/- 300,000 within a 5-mile radius of the subject property. The property is located on a desirable hard corner near several shopping centers including Publix and Wal-Mart, the Laboratory Corporation of America, Palm Beach State College, and Dade Medical College. The Palm Beach International Airport is +/- 2 miles away. Portfolio Locations: AL, FL, GA, and MI.