Checkers | Part of Rare Portfolio of 9

3150 East Bay Drive | Clearwater, FL 33771 - 3150 East Bay Drive | Clearwater, FL 33771

LTV (Loan to Value)	65.00%	Current NOI	$580,342.00
Interest Rate	4.250%	Capital Rate	4.500%
Fixed Term	10 Years	Land Area	+/-0.42 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$564,460.00	Property Type	Retail
Payment	$3,057.89	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 Clearwater, Florida. 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

Clearwater, Florida Hard Corner Location | Vacation Destination - Clearwater is a year round vacation destination, with a strong population…

Property Description

Clearwater, FL is a year round vacation destination, with a strong population of over 110,000 within a 3-mile radius of the subject property. The property is on a desirable hard corner along a dense retail corridor with close proximity to Publix, LA Fitness, Winn-Dixie, Wal-Mart, PTEC Clearwater campus, Southeast College, and The Belcher Soccer Complex. The St. Petersburg-Clearwater International Airport is +/- 4.3 miles away. Portfolio Locations: AL, FL, GA, and MI.