Checkers and Rally's
For Sale
Contact for pricing
129 S 3rd St, Terre Haute, IN 47807
Seven quick service restaurant locations across Indiana.
Property Size5,272 SF
Price / SF$868.74
Days on Market189
Property Features for 129 S 3rd St
General Information
Standard status
Active
Size
5,272 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$366,285
Building Details
Year Built
1988
Buildings
7
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Feb 11
Changed: Aug 16
Last Checked: Aug 17 at 12:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The Checkers and Rally’s Portfolio comprises seven quick service restaurant locations totaling 5,272 square feet across various cities in Indiana. The properties are fully occupied by Checkers Drive-in Restaurants, Inc. or its franchisees, with three sites having corporate guaranties. Checkers is a national quick service restaurant chain known for burgers, fries, and value-focused menu offerings, headquartered in Tampa, FL, and operates over 740 retail stores across 28 states. This portfolio offers investors the ability to acquire a diverse Indiana net lease portfolio featuring assets occupied by a well-established national brand. The portfolio has 1.9 years of weighted average lease term remaining and minimal landlord expense responsibilities, creating an 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.
Key Highlights
- Portfolio of seven quick service restaurant locations in Indiana.
- 100% occupied by Checkers Drive‑in Restaurants or its franchisees.
- Features a national quick service restaurant brand with over 740 locations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 33%
Hotels & Casinos 11%
Apparel 4%
McDonald's
Dining
36,559 visits/mo
0.2 miles
Circle K
Shops & Services
20,082 visits/mo
0.3 miles
Wendy's
Dining
10,725 visits/mo
0.2 miles
Hardee's
Dining
9,121 visits/mo
0.2 miles
Hilton Garden Inn Terre Haute
Hotels & Casinos
8,396 visits/mo
0.5 miles
Demographics for 47807, IN
12,063
Population
6,805
Households
1.8
Avg Household Size
29
Median Age
13%
College-Educated
82%
High-School Grad
3.8 sq mi
ZIP Area
3,174
Density / Sq Mi
$24,389
Median Household Income
$15,611
Median Earnings
$910
Median Rent
$58,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Seven quick service restaurant locations across Indiana.
Where is this drive through restaurant located?
The property is located at 129 S 3rd St Terre Haute, IN.
What is the asking price?
The asking price for this property is $4,580,000.
What are key features of this property?
This property features: Portfolio of seven quick service restaurant locations in Indiana.; 100% occupied by Checkers Drive‑in Restaurants or its franchisees.; Features a national quick service restaurant brand with over 740 locations.
