Rally's / Checkers Indiana Portfolio_Property for Sale
Rally's / Checkers Indiana Portfolio_Property for Sale
Various locations

Rally's / Checkers Indiana Portfolio

Description

JLL is pleased to exclusively offer for sale the Checkers and Rally’s Portfolio, which comprises seven quick service restaurant locations totaling 5,168 SF across various cities in Indiana (the “Portfolio” or “Properties”). The Properties are 100% occupied by Checkers Drive-in Restaurants, Inc. or its franchisees (“Tenant”) and three of the sites have corporate guaranties. Checkers is a national quick service restaurant chain known for burgers, fries, and value-focused menu offerings. Headquartered in Tampa, FL, Checkers and Rally’s operates over 740 retail stores across 28 states.


This opportunity offers investors the ability to acquire a diverse Indiana net lease portfolio featuring assets occupied by a well-established and proven national brand. The portfolio has 2.3 years of weighted average lease term remaining and minimal landlord expense responsibilities, creating a unique opportunity to control a portfolio of shorter-term net lease assets with exposure to a reputable restaurant brand with a national footprint and potential re-lease upside at higher rates upon expiration of the current leases.


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Attributes

Asking price
NZ$8,334,000
Cap rate
7.6%
Building area gross
490 m²
Occupancy
100%
Land area gross
1.55 ha
WAULT
2.3 years
Rally's / Checkers Indiana Portfolio (7 Properties)
Rally's / Checkers Indiana Portfolio (7 Properties)

Media

Investment Highlights

Diversified Portfolio Scale

Geographic diversification across 7 Indiana cities

Established locations in key markets: Terre Haute, Hammond, Gary, Fort Wayne, Jasper, Michigan City


Strong National Brand

742+ locations across 28 states with proven operating model

Dual drive-thru format optimized for efficiency and throughput

Strong brand recognition and plans for expansion into underserved markets


Attractive Lease Structure with Minimal Landlord Responsibilities

Triple net lease with 10% escalations every five years

Multiple renewal options of five years with built-in rent increases

Minimal landlord expense responsibilities

Three of the sites have a corporate guaranty


Value-Add Opportunity

Shorter-term lease profile creates mark-to-market upside potential

Strategic locations on major arterials with high traffic counts

Positioned in markets with stable demographics



Rally's / Checkers Indiana Portfolio 4_Property for Sale
Rally's / Checkers Indiana Portfolio 4_Property for Sale

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Last updated
9 Oct 2025