Checkers

Checkers & Rally’s restaurants were born out of the idea that a bland and flavorless burger was downright bad and that Americans everywhere deserved a better tasting burger — one that was unexpectedly bold, made-to-order and priced at a value that was hard to beat. Founded by experienced foodies with a renegade spirit, both the Checkers & Rally’s unique double drive-thru concept, with its over-the-top checkerboard squares, chrome styling, red neon signs and of course the food, was an instant hit. These two new burger experiences were hot, fresh and served with a smile. People were hooked, and the world of cookie cutter corporate burger establishments was about to change

Checkers Drive-In Restaurants, Inc., is currently one of the largest chains of double drive-thru restaurants in the United States. The company operates Checkers and Rally’s restaurants in 28 states and the District of Columbia. They specialize in hamburgers, hot dogs, french fries, and milkshakes.

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S&P Rating: N/R
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Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise

Positives:

  • Loyal Customer Following
  • Typically located in high traffic locations
  • Typically Long term leases with increases

Negatives:

  • Consumers are showing a growing interest in healthy fast food.
  • Competitive Industry Sector
  • Susceptible to economic trends and pressures

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Checkers Company Profile

Headquarters Information

Tampa, Florida

Founded in 1986

Company type: Private

Sector: Services

Industry: Fast food

# of Employees: 4,000

S&P Rating: N/R
S&P Rating: N/R
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