7041 Seacrest Blvd
Lantana, FL 33462
CHECKERS 18+ YEARS REMAINING ON LEASE 3% INC · Retail Property For Sale

Marcus & Millichap is pleased to offer for sale this triple net leased Checkers located at 7041 Seacrest Boulevard, Lantana, Florida. Located just a short five minute drive from the Palm Beach International Airport.. The subject property consists of an 816 square foot restaurant with drive thru window and ample parking and is strategically located on Hypoluxo Road, with combined daily traffic counts in excess of 51,455 and benefits from 253,430 full time residences with a household income exceeding $70,479 annually. There are 18 years remaining on the absolute net lease (NNN) where the landlord has no responsibilities to the property. The property provides three percent increases annually. This parcel benefits from a .67 acre parcel. There are numerous National and Regional retailers in the immediate area including Mobil, Race Trac, Taco Bell, Wendy's, Family Dollar, Popeyes, Chevron, Holiday Inn and Shell among others. Checkers Drive-In Restaurants, Inc. is one of the largest chains of double drive thru restaurants in the United States. The company operates Checkers and Rally's restaurants in 28 states and the District of Columbia. They specialize in hamburgers, hot dogs, French fries and milkshakes. Checkers and Rally's have similar concepts, being almost exclusively drive thru with very little seating. After the merger, Rally's began redesigning restaurants to follow the checkers look. Today Checkers and Rally's restaurants look almost identical, the only major difference being the name on the sign. In June 2006 the company went private through a merger with Taxi Holdings Corp, an affiliate of Wellspring Capital Management, a private equity firm. In 2014 Wellspring sold Checkers to another private equity firm, Sentinel Capital Partners.