Rally's / Checkers Indiana Portfolio

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.