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5062 Murfreesboro Rd La Vergne, TN 37086

Sponsored
For Sale
$1,400,000

High-yield Checkers restaurant, absolute NNN lease.

Property size:
833 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 1-story, 833 square foot Checkers and Rally's restaurant situated on a 0.72-acre lot in La Vergne, Tennessee. The property boasts a corporate-guaranteed absolute NNN ground lease with 9.4 years remaining, extending to April 29, 2034, with four, five-year renewal options featuring 10% rent increases. Built in 2017, this single-tenant building enjoys 100% occupancy and generates a strong NOI of $70,000, representing a 5.00% cap rate on the $1,400,000 asking price. The property's prime location on Murfreesboro Road (approximately 31,700 cars per day) provides excellent visibility and accessibility. Its strategic placement near a major industrial district, including prominent distribution centers for Amazon, Bridgestone/Firestone, and Home Depot, ensures a substantial customer base. The property benefits from its proximity to Interstate 24 and Nashville International Airport (BNA), further enhancing its appeal. La Vergne's projected population growth of 10% by 2025 and a strong average household income of $75,876 within a five-mile radius underscore the property's long-term investment potential. The property's APN is 015N-A-001.00-000. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a strong tenant and significant upside potential. The price per square foot is $1,680.67.

Property Features for 5062 Murfreesboro Rd

General Information

Property type
Restaurants
Square Feet
833 SF
Lot Size
31,363 SF

Building Details

Year Built
2017
Buildings
1
Stories
1

HighLights

  • Strong brand recognition.
  • Checkers operates over 850 locations with $1.3 billion in annual revenue.
  • High‑visibility location on a main retail thoroughfare with direct access to downtown Grand Rapids, MI.
  • High‑visibility Murfreesboro Road location with strong frontage; La Vergne, TN, is a Nashville suburb (20 minutes away), projected 10% population growth by 2025.
  • 2.5 miles from I‑24, providing direct access to Nashville; less than 10 miles from Nashville International Airport (BNA).
  • High‑quality 2017 construction; dense, infill location with over 128,511 residents and a $75,876 average household income within a 5‑mile radius.
Property Profile Location Intelligence

Current Use by Public Records

Checkers Fast Food Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
La Vergne
County
Rutherford
State
Tennessee
Longitude
-86.5839418
Latitude
36.0220911

FAQs

What type of property is this?
Restaurant - High-yield Checkers restaurant, absolute NNN lease.
Where is this restaurant 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: Strong brand recognition.; Checkers operates over 850 locations with $1.3 billion in annual revenue.; High-visibility location on a main retail thoroughfare with direct access to downtown Grand Rapids, MI.
More about this property
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