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5062 Murfreesboro Rd La Vergne, TN 37086

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NNN ground lease with corporate guarantee and zero landlord responsibilities.

Type:Retail
Property size:
833 SF
Added:
May 3, 2024
Days on Market:
709
Last Refresh:
Mar 17 at 1:25 pm

Property Features for 5062 Murfreesboro Rd

General Information

Standard status
Active
Size
833 SF
Property subtype
Retail

Building Details

Year Built
2017

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Listing Contact
Ron Duong

Listing agent Ron Duong License #CA 01438643

Listing office Marcus & Millichap - Orange County

Listing date May 3, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County


Overview

NNN Ground Lease Investment Opportunity

This commercial property features an absolute NNN ground lease with over 10 years remaining. The lease is backed by a strong corporate guarantee from Checkers. The lease includes four, five-year options, each with 10% increases. The property is situated in a prominent location on Murfreesboro Road, which experiences approximately 31,700 cars per day. The location is in close proximity to hundreds of manufacturing businesses with thousands of employees. The property is suitable for commercial real estate and specialty property use, including drive-through restaurants and restaurants. The property size is 833 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Checkers Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
La Vergne
County
Rutherford
State
Tennessee
Longitude
-86.5840262
Latitude
36.0221599

FAQs

What type of property is this?
NNN property - NNN ground lease with corporate guarantee and zero landlord responsibilities.
Where is this nnn property located?
The property is located at 5062 Murfreesboro Rd La Vergne, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Over 10 Years Remaining on Absolute NNN Ground Lease - Zero Landlord Responsibilities; Strong Corporate Guarantee from Checkers; Prominent Location on Murfreesboro Road (±31,700 Cars Per Day)
More about this property
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