Checkers Leads the Way in Drive-Thru Innovation

Estimated read time: 3 minutes and 45 seconds

Notable Sale: Ronnie Issenberg and Gabriel Britti of Marcus & Millichap, just sold this 7-Eleven in Wesley Chapel, FL:

• Price: $9,495,257 @ 5.00% CAP

CHESS NOT CHECKERS

Checkers is leading the industry toward the drive-thru of the future with innovations in mobile order pickup, dedicated e-commerce lanes, and AI voice ordering. (Read Here)

Inflation-proof: Checkers is focused on remodeling existing stores with its new "restaurant of the future" prototype and expanding its footprint in both new and existing markets. Despite inflation challenges, the brand has performed well and has a robust pipeline for growth.

The Terminator: The brand has rolled out AI voice ordering to nearly 400 restaurants, making it the first quick-service chain to scale this technology. The AI complements human workers and improves speed and accuracy in taking orders.

💰 THE MONEY SHOT

Checkmate: Checkers has implemented changes to its drive-thru operations, including dedicating one lane to mobile order pickup and prioritizing contactless exchanges of money. These changes have improved guest satisfaction and are now a requirement for new locations.

For a contact list of Checkers property owners reply “Checkers List” to this email.

EMERGING MARKETS

With the addition of 36 Pizza Huts in San Antonio, Emerge Inc.'s unit count in that brand grows to 84 as the Houston-based franchisee continues developing its portfolio. (Read Here)

Strategic acquisitions: Emerge Inc.'s recent acquisition of 36 Pizza Huts in the San Antonio market included 23 pieces of real estate. Emerge Inc. now plans to leverage its existing presence in San Antonio to explore opportunities for new stores.

Growing presence in Texas: The acquisition in San Antonio brings Emerge Inc.'s Pizza Hut unit count to 84 and extends its operations in Texas. This now brings the group’s unit count across all brands to 169 stores.

💰 THE MONEY SHOT

Diverse AF: Emerge Inc.'s relationship-driven growth strategy and focus on developing long-term partnerships with sellers have allowed them to steadily expand their portfolio, adding a significant number of Pizza Hut restaurants to their existing units across Pizza Hut, Taco Bell, KFC, and Sonic Drive-In.

For a contact list of Yum Brands property owners reply “Yum Brands List” to this email.

CONGRATULATIONS

Post Malone, in partnership with Raising Cane's, has opened a Post Malone x Dallas Cowboys-themed restaurant in Dallas, Texas. (Read Here)

Sunflower: The restaurant pays homage to iconic moments in Post and Cowboys history through interior and exterior art and displays, including a 32-feet-tall Cowboys Star greeting customers at the drive-thru.

Rockstar: The collaboration between Post Malone and the Dallas Cowboys is unprecedented, with no other restaurant brand having partnered with a global superstar and sports team on this level.

💰 THE MONEY SHOT

Better now: Fans and customers can enjoy a meal while immersing themselves in the best of Post Malone and the Cowboys, creating the ultimate gameday experience. This could be a trend for more restaurant brands to follow.

For a contact list of Raising Cane’s property owners reply “Raising Cane’s List” to this email.

TRIPLE NET TENDIES

🧠 Thought Leaders: Michael Moreno & Rahul Chhajed discuss opportunities in the healthcare market

👂 Ear Hustle: Armond Aivazyan discusses the basics of a perfect net lease deal

💎 Web Gem: CRE Analyst shows the current CRE winners and losers

NET LEASE NUGGIES

• Burger King plans to accelerate its store remodels and new-store openings with the introduction of its new prototype, called "Sizzle." The brand aims to have 14 additional prototypes completed in 2023 and expects the Sizzle format to become the future package for operators.

• Dave's Hot Chicken announces a new franchise agreement with original franchisees. The group will develop nine new locations in Alabama, Florida, and Georgia, expanding the brand's influence in the Southern region.

• Real estate winners and losers: A framework to differentiate firms based on their ability to weather storms, considering operational and balance sheet leverage. The analysis highlights companies like WeWork and Cushman and Newmark as particularly sensitive to changes, while firms like CBRE and ProLogis demonstrate more resilience.

• Carwash Market: Lucrative and Growing Sector in the CRE Landscape. Prominent players include: ZIPS, Driven Brands, Quick Quack, Autobell, Wash Depot, Super Star, and Mister Car Wash

• Revamping Malls with Technology: Redeveloped shopping centers are integrating advanced technological features like high-speed fiber internet to attract more visitors and boost local economies. These tech amenities enhance the in-store experience, facilitate communication, and create more sustainable and efficient mall environments.

MEME OF THE DAY

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