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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 883 SF
- Lot area
- 0.72 ac
- Year built
- 2017
- APN
- 015N-A-001.00-000
- Zoning
- C-2
- Assessed value · 2024
- $345,240
- Annual tax · 2023
- $8,329
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $8,329
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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