alpharetta, ga 30022 770.481.1960 · 2020. 5. 11. · the checkers site has over 38,600 people...

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

CHECKERS

729 Hwy 42 South, McDonough (Atlanta MSA), GA

5755 North Point Parkway, Suite 262

Alpharetta, GA 30022

770.481.1960

www.shanegroup.net

http://www.shanegroup.net

http://www.shanegroup.net

The Shane Investment Property Group, LLC has been engaged as the exclusive agent and representative of the Owner. No

contacts shall be made by any prospective purchaser or agents to the Owner, its executives, personnel or related entities.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly

reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves

the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no

legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the

Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner, at

Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and

agrees to release the Owner from any liability with respect hereto.

The enclosed materials are being provided solely to facilitate the prospective purchaser’s own due diligence for which the

purchaser shall be fully and solely responsible.

Neither the Shane Investment Property Group, LLC nor the Owner make any representation or warranty, express or implied, as to

the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise

or representation as to the future performance of the Property. This Investment Offering Brochure may include certain

statements and estimates by the Shane Investment Property Group, LLC with respect to the projected future performance of the

Property. These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be

achieved. Further, the Shane Investment Property Group, LLC and the Owner disclaim any and all liability for representations or

warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral

communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those

representations and warranties that may be made to it in any final, fully executed and delivered Purchase Agreement between it

and the Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to the

Owner or the Shane Investment Property Group, LLC, nor any of their officers, employees, representatives, independent

contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised

and encouraged to conduct their own comprehensive review and analysis of the Property.

729 Hwy 42 South, McDonough (Atlanta MSA), GA 770.481.1960 | www.shanegroup.net

CHECKERS


CHECKERS

See accompanying Confidentiality Statement.

INVESTMENT SUMMARY

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This offering is an absolute NNN Checkers that has been operating at this location for over 14 years! Checkers / Rally ’s is one of

the largest double drive-thru restaurants in the United States with close to 900 locations. In 2017, Checkers signed a new 10-year

lease extension that has approximately 6 years remaining. The site is located less than one mile from Interstate 75 at the signalized

corner of two major roads, Hwy 42 and GA 155, with a combined traffic count of over 33,200 cars per day. There is a significant

daytime population of over 22,900 within 3 miles of Checkers. That can be attributed to the 1.5mm SF of industrial space and over

850,000 SF of office space. Nearby retailers include Maxway, Food Depot, Farmer’s Home Furniture, AutoZone, O’Reilly Auto,

Family Dollar, and many others.

Checkers is located in McDonough, GA about 30 minutes south of Atlanta. McDonough is part of the Atlanta MSA; it is also the

county seat of Henry County. McDonough is a town for all seasons with a charming downtown that is bustling with energy all year

long. With three exits on I-75 and several highways passing through downtown, McDonough is always easy to get to. Henry

County has consistently been one of the fastest growing counties on the south side of Atlanta. The county has a reputation as being

pro-business where new development is welcomed and encouraged. The Checkers site has over 38,600 people within 3 miles and

over 72,200 within 5 miles. The average HH income within 3 miles is over $68,000 and 5 miles is over $79,000. Expected growth is

over 12% to 15% in the next 5 years.

Absolute NNN Lease; Approximately 6 Years Remaining

14-Year History at this Location

Signalized Corner Location; 33,200 Cars per Day

Significant Daytime Population: Over 1.5mm SF of Industrial and 850,000 SF Office Within 3 Miles

Nearby Retailers Include: Maxway, Food Depot, Farmer’s Home Furniture, AutoZone, O’Reilly

BUILDING: 800 SF | LAND: 0.61 ACRES | YEAR BUILT: 2006


CHECKERS


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CHURCH

INDUSTRIAL

Hwy 42

12,100 Cars Per Day

GA 155

21,100 Cars Per Day

Checkers is located at the corner

of GA 155 & Hwy 42:

Combined 33,200 Cars Per Day


CHECKERS


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3 Miles

1 Mile

Over 1.5mm SF of Industrial

Space and 850K SF of Office

within 3 Miles.

Daytime Population of over

22,900 People Within 3

Miles.

Population of Over 38,600

People Within 3 Miles.

Located Approximately 1

Mile from Interstate 75

(120,000 cars per day).

Located at the Intersection

of Two Major Roads: Hwy

42 & GA 155 (combined

33,200 cars per day).


CHECKERS


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CHECKERS


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Termination Date

Term

Increases

Security Deposit

Year Annual Base Rent

7/1/17 to 6/30/21 $81,000

7/1/21 to 6/30/26 $84,000

7/1/26 to 6/30/31 $87,000

7/1/31 to 6/30/36 $90,000

20 Years (approximately 6 Yrs remaining) plus Two 5 year Options

Tenant Paramount Restaurant Group d/b/a Checkers

Building / Land 800 SF / 0.61 Acres

Commencement Date July 1, 2006

June 30, 2026

$7,000

Option 1 $7,250

See the Schedule below

None

Rent Schedule Monthly Base Rent

$6,750

Taxes Paid by Tenant

Option 2 $7,500

Insurance Paid by Tenant

CAM Paid by Tenant

Utilities Paid by Tenant

Landlord Expenses None; lease is absolute NNN.


CHECKERS


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Checkers and Rally’s is one of the largest double drive-thru restaurants in the United States. The company operates close to 900

restaurants in 28 states and the District of Columbia. They specialize in hamburgers, hot dogs, french fries and milkshakes.

Checkers was founded in Mobile, AL in 1986. Rally’s was founded in Louisville, KY in 1985. The two companies merged in 1999 and

our now headquartered out of Tampa, FL. After the merger, Rally’s began redesigning its restaurants to follow the Checkers look.

The only noticeable difference today is the name; however, Checkers mostly operates in the Southeast and Northeast. Rally ’s

operates mostly in the Midwest and California.

History: Rally’s was bought by CKE restaurants in 1996 and then sold to Checkers in 1999. 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 Sentinel Capital Partners, another private equity firm. Then, in March 2017, Checkers was sold to Oak

Hill Capital Partners for $525 million. In February of 2020, Frances Allen, former CEO of Boston Market, was named the new CEO

of Checkers / Rally’s. He hopes to continue to grow the concept to over 1,200 locations.

This McDonough location is franchisee operated.


CHECKERS


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DEMOGRAPHICS Atlanta, GA


CHECKERS


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CHECKERS


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One Mile Three Miles Five Miles Notes

2019 Population 5,860 38,677 72,273

2010 Population 5,245 31,761 59,635

5 Year Projected 6,278 42,533 80,381

Growth since 2010 11.73% 21.78% 21.19%

Projected Growth Over the Next 5 Years 7.13% 9.97% 11.22%

2019 Households 2,146 13,824 25,073

% Owner Occupied 47.00% 51.40% 62.70%

% Renter Occupied 53.00% 48.60% 37.30%

2010 Households 1,917 11,479 20,873

5 Year Projected 2,302 15,177 27,793

Growth Over the Past 5 Years 11.95% 20.43% 20.12%


2019 Average Household Income $56,933 $68,091 $79,091

5 Year Projected $65,821 $78,183 $89,065


Employment & Establishments

2019 Employees/Daytime Population 3,781 22,960 30,182

2019 Total Establishments 273 1,684 2,423

White 27.80% 32.80% 43.10%

African American 65.90% 58.60% 48.30%

Hispanic Origin (Any Race) 6.20% 7.90% 7.30%

Native American / Alaskan Native 0.20% 0.20% 0.20%

Asian/Pacific Islander 1.50% 2.10% 2.60%

Two or More Races 2.40% 3.00% 2.90%

Other Race 2.20% 3.30% 2.90%

Race

Population

Households

Income

alpharetta, ga 30022 770.481.1960 · 2020. 5. 11. · the checkers site has over 38,600 people...

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