Checkers

Highlights:

• Absolute NNN Lease | Zero Landlord Responsibilities
• 25-Year Sale Leaseback Commencing at Close of Escrow
• Newly Constructed Site Equipped with Outdoor Patio
• Proven Operator with Over 30 Year of Experience in the Industry
• Excellent Visibility with Frontage and Signage Along S Gloster St Which has Daily Traffic Counts Exceeding 19,100 Vehicles
• Easily Accessible Featuring a Convenient Drive-Thru and Ample Parking Spaces
• Situated Within a Retail Corridor and Surrounded by National Retailers Including AutoZone, Jimmy John's, McDonald's, Subway, Taco Bell and Wendy's
• Checkers and Rally's Operate Over 820 Locations in 28 States

Description:

This newly constructed Checkers & Rally’s offers a 25-year absolute NNN sale-leaseback, providing investors with zero landlord responsibilities and a long-term, passive income stream. Positioned along S. Gloster St., the property benefits from 19,100+ daily vehicles, strong visibility, and a prime location within a thriving retail corridor alongside national brands like McDonald's, Taco Bell, and AutoZone. Featuring a drive-thru, ample parking, and an outdoor patio, the site is designed for high customer traffic and operational efficiency. Backed by a proven operator with 30+ years of industry experience and a nationally recognized brand with 820+ locations across 28 states, this investment offers stability and strong market positioning.

Tupelo is a city in and the county seat of Lee County, Mississippi. Founded in 1860, the population was 37,923 at the 2020 census. It is the 7th most populous city in Mississippi and is considered a commercial, industrial, and cultural hub of northern Mississippi.

Historically, Tupelo served as a regional transportation hub, primarily due to its location at a railroad intersection. More recently, it has developed as strong tourism and hospitality sector based around the Elvis Presley birthplace and Natchez Trace. The city has also been successful at attracting manufacturing, retail and distribution operations. The city has continued to grow due to strong healthcare, retail, and financial service industries. Tupelo is the smallest city in the United States that is the headquarters of more than one bank with over $10 billion in assets.

Tupelo is the headquarters of the North Mississippi Medical Center, the largest non-metropolitan hospital in the United States. It serves people in North Mississippi, northwest Alabama, and portions of Tennessee. The headquarters of two large banking institutions in the state are located here: Cadence Bank, with approximately nearly $48 billion in assets (2024), and Renasant Bank, with assets of more than $17 billion (2024). Tupelo is the smallest U.S. city that hosts the headquarters of more than one bank with over $10 billion in assets.