1935 S 4th St
Allentown, PA 18103

Checkers | Ground Lease | 12% Increase in 2018 CBRE is pleased to exclusively present for sale this Checkers Drive-In Restaurant located in Allentown, Pennsylvania. This is a triple net ground lease with 7 years remaining on the initial 10 year lease term. There are no landlord responsibilities or expenses. This lease boasts an upcoming 12% rental increase in 2018 and in each of the three, four year options and the one, four year eleven months option. This newly constructed building sits on South Fourth Street with two access points into the parking lot. The subject property was built in conjunction with the CVS pharmacy located adjacent to it, with additional surrounding retailers including Wells Fargo, Walgreens, Dollar General, Dunkin Donuts, and AutoZone. The immediate area boasts a dense population with over 100,000 people in the three mile radius and over 230,000 people in the five mile radius. It has shown growth over the last five years with a population increase of 2.62% which is projected to continue 1.91% through 2021.