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Checkers

$1,070,000

730 East Madison Street, Houston, MS 38851

Active
Last Updated: 03/18/2025

7.01

Cap Rate

75,000

NOI

Details:
Cap Rate:    7.01%
NOI:    $75,000
Building Size:    844 sqft
Lot Area:    0.5 acres
Units:    1
Year Built:    2022
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 Hwy 8 Which Has Daily Traffic Counts Exceeding 19,200 Vehicles
  • Situated Adjacent From Walmart and in Close Proximity to Many National Retailers Including Dollar Tree, KFC, McDonald's, Subway, and Save-a-Lot
  • Easily Accessible Featuring a Convenient Double Drive-Thru and Walk-Up Window
  • Checkers and Rally's Operate Over 820 Locations in 28 States
Description:

This newly constructed Checkers & Rally’s presents a 25-year absolute NNN sale-leaseback, offering investors zero landlord responsibilities and a secure, long-term income stream. Located along Hwy 8 with 19,200+ daily vehicles, the property boasts excellent visibility and sits adjacent to Walmart, surrounded by major national retailers like Dollar Tree, KFC, McDonald's, and Subway. Designed for high-volume service, the site features a double drive-thru, walk-up window, and outdoor patio, ensuring optimal customer convenience and traffic flow. Backed by a proven operator with 30+ years of experience and a well-established brand with 820+ locations across 28 states, this asset offers a strong investment opportunity in a prime retail corridor.

Houston is a city and one of two county seats of Chickasaw County, in northeastern Mississippi, United States

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