Checkers in Nashville MSA for Sale

5062 Murfreesboro Road, La Vergne, TN 37086

Property Description

Price: $1,400,000
Land Area: ±0.72 Acres
Cap Rate: 5.00%
Gross Leasable Area: ±833 SF
Year Built: 2017

Investment Highlights

Over 10 Years Remaining on Absolute NNN Ground 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

Close Proximity to Hundreds of Manufacturing Businesses with Thousands of Employees

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 850 Locations and its Estimated Annual Revenue is $1.3 Billion Per Year
  • Strong Brand Recognition and Strategic Location – Located on a Main Retail Throughfare with Direct Access to Downtown Grand Rapids, MI
  • 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 128,511 Residents Within 5 Miles of the Subject Property | Strong Average Household Income of $75,876 Within Five Miles


Broker of Record: Jody McKibben, Lic. # TN 307629

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

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