Offering Memorandum
Property Highlights
- Sale-Leaseback Opportunity for Brand New 20-Year Absolute Triple Net (NNN) Lease
- Lease Guaranteed by 52-Unit Franchisee and Experienced Checkers/Rally’s Operator
- Forward Thinking, Aggressively Expanding Operator
- Subject Property Located Along High-Density Retail Corridor
- Outparcel to Richmond Plaza Shopping Center
- Price: $1,920,000
- Lot Size: 20,037 SF
- Cap Rate: 5.00%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1994
- Building SF: 786 SF
- Status: Sold
- Guarantor: Falcons Restaurant Group (52 Units)