Checkers 820 Lake Bradford

Investment Highlights

Long-Term, 20-Year Triple Net (NNN) Lease | Zero Landlord Responsibilities Four (4), Five (5)-Year Tenant Renewal Option Periods 2.00% Annual Rental Increases

Executive Summary

The NNN Pro Group is pleased to present the exclusive listing for the Checkers located at 802 Lake Bradford Road in Tallahassee, Florida. The site consists of roughly 1,978 rentable square feet of building space on estimated 0.42-acre parcel of land. This Checkers is subject to a 20-year absolute triple-net (NNN) lease, which will commence on August 1st, 2022. The annual rent will be $117,265 and is scheduled to increase by two percent (2.00%) annually throughout the base term and in each of the 4, 5-year renewal options.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Drug Store Drug Store General Retail Restaurant Drug Store
• Building Size    1,978
• Year Built    2009
• Price    2,039,392
• Price Per SF    1,031
• Cap Rate    5.75
• NOI    117,265
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    0.42 AC