Log In/Sign Up
Your email has been sent.
Checkers Hamburgers 1615 E Hillsborough Ave 594 SF Retail Building Tampa, FL 33610 $1,255,680 CAD ($2,113.94 CAD/SF) 10.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Corporate Checker's Ground Lease
- 10% Rental Increase in 2029
- Prime site across from Super Walmart and next to Dollar Tree
- Heavy Traffic Corner Location
- Lease Buy-out opportunity - Tenant interested in paying to vacate
EXECUTIVE SUMMARY
The subject property is a dark Checker Hamburger’s Double Drive-thru site on the corner of Hillsborough Avenue and 17th Street. The location has excellent drive by exposure as it sits on one of the area’s major traffic arteries, and benefits from being across the street from a Super Walmart Center. The property features an absolute NNN ground lease with five and one-half years remaining, and over a 10% cap rate at the list price. Property photos are the actual location when it was operating. Checker’s Corporation has offered a lease buyout for an owner wishing to immediately re-tenant the property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
594 SF
Building Class
B
Year Built
1989
Price
$1,255,680 CAD
Price Per SF
$2,113.94 CAD
Cap Rate
10.39%
NOI
$130,451 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.64 AC
Zoning
CI, Tampa
Parking
14 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jun 2031
Checkers has built a long-standing presence in the industry, with a strong focus on supporting its franchise partners and ensuring their success. The company takes a collaborative approach, working closely with franchisees and the communities they serve. Their menu is known for bold, distinctive flavors that set them apart from other options. Because they operate a significant portion of their own locations, they thoroughly test and refine any changes before introducing them to the wider franchise network.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | Jun 2031 |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | A-06-29-19-4AW-000004-00001.0 | Improvements Assessment | $204,810 CAD |
| Land Assessment | $440,453 CAD | Total Assessment | $645,263 CAD |
PROPERTY TAXES
Parcel Number
A-06-29-19-4AW-000004-00001.0
Land Assessment
$440,453 CAD
Improvements Assessment
$204,810 CAD
Total Assessment
$645,263 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Checkers Hamburgers | 1615 E Hillsborough Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.