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Newly Signed 20-Year Lease Absolute Net Lease (NNN) With No Landlord Responsibilities Strong 10 Percent Increases In Base Term And Option Period Situated At Hard Corner Signalized Intersection Exposure To Over 32,000 Vehicles Per Day Proven Location With 25 Year History Strong Franchisee Guarantee Marcus & Millichap is pleased to present for sale this Net Leased Checkers located at 645 South Federal Highway, Dania Beach, Florida in Broward County. The subject property consists of 816 square feet that is situated on a 0.28 acre parcel of land. There are 20 years remaining on an Absolut-Net Lease (NNN) where the landlord has no responsibilities to the property. The offering provides 10 percent rental increases in the initial term and in the option period. This property is situated at a signalized intersection and enjoys traffic counts of over 32,000 vehicles per day. JAF RESTAURANT GROUP, LLC In 2015, Angelo Freites joined the ranks of Checkers esteemed franchisees by operating four Checkers locations in South Florida. Freites started with Checkers with over 32 years of QSR experience. Angelo has worked with many other QSR brands, his most recent experience, prior to Checkers, had been as a part of a large Wendy's franchisee organization. This organization operates almost 140 locations across many states. Today Freites operates 12 different Checkers locations and he is planning on opening three more locations by the ends of 2017. His longer term goal is to have 40 operation location by the end of 2018. This Dania Beach location was a very successful corporate location for almost 25 years, now JAF Restaurant Group plans on growing sales by 20-30 percent by utilizing their management experience and proven marketing strategies as well as updating and upgrading the current store in order to attract more customer attention.
Lot Size:12,197 SF
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Checkers Dania, FL 20 Year NNN Lease
Listing Type:Building for Sale
645 South Federal Highway, Dania Beach, FL 33004