NEW YORK, April 22, 2019 – B+E, the first brokerage and technology platform for net lease real estate, today announced that the Checkers restaurant located at 3169 Camp Creek Parkway, East Point, GA is available in a sale-leaseback for $1.4 million.
The building is +/- 830 SF on +/- .70 acres of land and includes parking. The property carries a cap rate of 5.5% with a long term, net lease in place.
“Checkers is a staple in this market, having been in this location since 1993,” said Kane Morris Webster, Senior Director at B+E. “The site is in a dense market with 140,000+ people in a five mile radius and is only two miles away from the busiest passenger airport in the US, with more than 60,000 employees.
“Additionally, there are numerous distributions centers surrounding the site and seven apartment communities, which drives traffic both daytime and nighttime. Checkers currently has more than 870 locations in 29 states and plans to expand to 1,200 locations by 2020.”
B+E is a modern investment brokerage firm, specializing in net lease real estate and 1031 exchanges. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
For more information, contact Kane Morris-Webster at 407/501-6093 or firstname.lastname@example.org.
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