About This Restaurant
Investment Highlights
Located Across from La Vergne, TN?s Industrial District Which is Home to Hundreds of Businesses Strong Brand Recognition and Strategic Location ? Located on a Main Retail Throughfare with Direct Access to Downtown Grand Rapids, MI Checkers Corporate Operates Over 850 Locations and its Estimated Annual Revenue is $1.3 Billion Per Year Please see OM for additional highlights
Executive Summary
Over 10 Years Remaining on Absolute NNN Ground Lease ? Zero Landlord ResponsibilitiesStrong Corporate Guarantee from Checkers | Four, Five-Year Options with 10% Increases Provide for an Excellent Hedge Against InflationProminent Location on Murfreesboro Road (?31,700 Cars Per Day), a Main Thoroughfare for the AreaClose Proximity to Hundreds of Manufacturing Businesses with Thousands of Employees
Property Details
- Sale Type Investment NNN
- Sale Condition Ground Lease (Leased Fee)
- Property Type Retail
- Property Subtype Fast Food
- Building Size 883
- Building Class C
- Year Built 2018
- Price 1,400,000
- Price Per SF 1,586
- Cap Rate 5
- NOI 70,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 0.72 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 015N-A-001.00-000 | Improvements Assessment | $226,240 |
| Land Assessment | $119,000 | Total Assessment | $345,240 |
| Date Created: | 2024-07-16 04:23:37 | Last Updated: | 2024-07-16 04:23:37 |
| Address: | 5062 Murfreesboro Rd , La Vergne, Tennessee, 37086 | ||