Checkers | First-Ever Location | Part of Portfolio of 9

2213 Airport Blvd | Mobile, AL 36606 - 2213 Airport Blvd | Mobile, AL 36606

LTV (Loan to Value)	65.00%	Current NOI	$580,342.00
Interest Rate	4.250%	Capital Rate	5.250%
Fixed Term	10 Years	Land Area	+/-0.64 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$839,976.15	Property Type	Retail
Payment	$4,550.47	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 Mobile, Alabama.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

Checker's First-Ever Location | Trophy Site - This is the first Checkers store, a trophy ownership opportunity for investors. Part…

Property Description

Mobile, AL is the third most populous city in the State of Alabama with a population of +/- 195,111. The subject property is Checker's first-ever store, a trophy ownership opportunity for investors. The subject property is +/- 3 miles outside of downtown Mobile, Alabama with proximity to USA Children' s & Women' s Hospital, USA Mitchell Cancer Institute, Ladd-Peeble' s Stadium, Bel Air Mall, Wal-Mart, and Best Buy.Portfolio Locations: AL, FL, GA, and MI.