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Restaurant

Checkers - Nashville MSA

5062 Murfreesboro Rd, La Vergne, TN 37086

Listing Price: $1,400,000

Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
12.9
Guarantor
Corporate Guarantee
Rentable SF
883
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.28

Investment Overview

Strong Brand Recognition | Strategic Location Located Across from La Vergne, TN’s Industrial District Which is Home to Hundreds of Businesses Including Amazon Distribution Center, Bridgestone/Firestone Distribution Center, Home Depot Distribution Center and Many More Checkers Corporate Operates Over 800 Locations and Has Seen 6 Consecutive Years of System-Wide Sales Growth Strong Brand Recognition and Strategic Location – Located on a Main Retail Throughfare with Direct Access to the Area’s Major Freeways Highly Visible Signage and Strong Frontage on Murfreesboro Road Strong Real Estate Fundamentals La Vergne, TN is a Suburb of Nashville, TN (Located Just 20 Minutes from the Subject Property) | La Vergne Has a Projected Population Increase of 10% By 2025 2.5 Miles from Interstate 24 Which Provides Direct Access to Nashville, TN | Less Than 10 Miles from Nashville International Airport (BNA) High Quality 2017 Construction Dense, Infill Area – Over 122,000 Residents Within 5 Miles of the Subject Property | Strong Average Household Income of $75,640 Within Five Miles

Investment Highlights

  • Over 12.5 Years Remaining on Absolute NNN Lease – Zero Landlord Responsibilities
  • Strong Corporate Guarantee from Checkers | Four, Five-Year Options with 10% Increases Provide for an Excellent Hedge Against Inflation
  • Prominent Location on Murfreesboro Road (±31,700 Cars Per Day), a Main Thoroughfare for the Area

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $1,400,000

Cap Rate
5.00%
Tenant Name
Checkers
Years Remaining On Lease
12.9
Guarantor
Corporate Guarantee
Rentable SF
883
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.28

Investment Highlights

  • Over 12.5 Years Remaining on Absolute NNN Lease – Zero Landlord Responsibilities
  • Strong Corporate Guarantee from Checkers | Four, Five-Year Options with 10% Increases Provide for an Excellent Hedge Against Inflation
  • Prominent Location on Murfreesboro Road (±31,700 Cars Per Day), a Main Thoroughfare for the Area

Investment Overview

Strong Brand Recognition | Strategic Location Located Across from La Vergne, TN’s Industrial District Which is Home to Hundreds of Businesses Including Amazon Distribution Center, Bridgestone/Firestone Distribution Center, Home Depot Distribution Center and Many More Checkers Corporate Operates Over 800 Locations and Has Seen 6 Consecutive Years of System-Wide Sales Growth Strong Brand Recognition and Strategic Location – Located on a Main Retail Throughfare with Direct Access to the Area’s Major Freeways Highly Visible Signage and Strong Frontage on Murfreesboro Road Strong Real Estate Fundamentals La Vergne, TN is a Suburb of Nashville, TN (Located Just 20 Minutes from the Subject Property) | La Vergne Has a Projected Population Increase of 10% By 2025 2.5 Miles from Interstate 24 Which Provides Direct Access to Nashville, TN | Less Than 10 Miles from Nashville International Airport (BNA) High Quality 2017 Construction Dense, Infill Area – Over 122,000 Residents Within 5 Miles of the Subject Property | Strong Average Household Income of $75,640 Within Five Miles

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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