NNN Checkers – West Palm Beach, FL
- Price: US $ 1,490,000
- Property Type: Free standing
- Occupancy: 100%
- CAP: 5.5%
- Building Area: approx. 724 SF = 67m²
- Lot: approx. 38,673 SF = 3,593m²
- NOI: US 81,885
- Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
- Contract Terms: 13+ years November 2032
- Increases: 3.3% every annually
- Extensions: 3- 5 years’ options
- Guarantor: (Year 1-5) Checkers Drive-In Restaurants, Inc. Year (6—15) JAF Restaurant Group, LLC Tenant recently remodeled the store showing a long-term commitment to the property.
- Location: In 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000. In 2018, Bloomberg ranked Palm Beach as the 27th-wealthiest place in the United States.