Checkers
$1,070,000
1211 U.S. 278, Amory, MS 38821
7.01
Cap Rate
75,000
NOI
Details:
Highlights:
- Absolute NNN Lease | Zero Landlord Responsibilities
- 25-Year Sale Leaseback Commencing at Close of Escrow
- Brand New Site Equipped with Outdoor Patio
- Proven Operator with Over 30 Year of Experience in the Industry
- Excellent Visibility with Frontage and Signage Along Hwy 278 Which Has Daily Traffic Counts Exceeding 13,400 Vehicles
- Situated Within a Retail Corridor and Surrounded by National Retailers Including Burger King, Dollar Tree,, McDonald's, Subway, Taco Bell and Tractor Supply Co.
- 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 brand new Checkers & Rally’s offers a 25-year absolute NNN sale-leaseback, providing investors with zero landlord responsibilities and a secure, long-term income stream. Positioned along Hwy 278, the property benefits from excellent visibility with 13,400+ daily vehicles and is surrounded by well-known national retailers, including Burger King, Dollar Tree, McDonald's, Subway, Taco Bell, and Tractor Supply Co.. The site features a double drive-thru, walk-up window, and outdoor patio, maximizing accessibility and customer convenience. Backed by a proven operator with over 30 years of experience and a national brand with 820+ locations in 28 states, this property represents a solid investment in a prime retail corridor.
Amory is a city in Monroe County, Mississippi, United States. The population was 6,666 at the 2020 census, down from 7,316 in 2010. Located in the northeastern part of the state near the Alabama border, it was founded in 1887 as a railroad town by the Kansas City, Memphis and Birmingham Railroad. As a result, Cotton Gin Port, along the Tombigbee River to the east, was abandoned as businesses and people moved for railroad access.
Amory is in northern Monroe County, on the east side of the valley of the Tombigbee River. The Tennessee–Tombigbee Waterway forms the northwestern border of the city.
As of the 2010 United States Census, there were 7,316 people living in the city. 69.5% were White, 29.0% African American, 0.2% Native American, 0.2% Asian, 0.3% from some other race and 0.7% of two or more races. 1.4% were Hispanic or Latino of any race.
Business sectors in the city include sports equipment manufacturing, wood pulp processing, and the furniture and textile industries. The city is served by North Mississippi Medical Center Gilmore–Amory.
In honor of its cultural and historical heritage, the city of Amory holds the annual "Railroad Festival" in April in Frisco Park in downtown. Among other attractions, the Festival includes southern foods—such as fried catfish, barbecue, and apple fritters— rides, arts and crafts, and live music, most notably the local band The Gents who have brought fans out for years with their Motown, Blues Brothers, and classic oldies show. While spring rains are possible during the 3-day festival, turnout is generally quite large, with as many as 40,000 visiting the festival over the period of a weekend.
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