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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5062 Murfreesboro Rd La Vergne, TN 37086

    • Drive through restaurants
    • 883 SF
    • 0.72 lot acres
    For Sale
    View listing
    $1,400,000
    Last Sale
    Feb 15, 2022
    $1,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2321746
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Checkers / Sandwich Shop / Fast Food Restaurant

    Property Details for 5062 Murfreesboro Rd

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.72 lot acres
    Property size
    883 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    015N-A-001.00-000
    APU
    015NA00100000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,415,000
      ML approach
      $1,445,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Vergne
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.584
    Latitude
    36.0221
    CBSA code
    34980
    CBSA name
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,329
    $226,240
    $119,000
    $345,240
    -
    $565,600
    $297,500
    $863,100

    Comparable in this City

    • Value Estimation
      $2,375,000
      3,672 SF

      5521 Murfreesboro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,672 SF
      5521 Murfreesboro Rd, La Vergne, TN 37086-2736
      View Details
    • Value Estimation
      $365,000
      3,632 SF

      508 Waldron Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,632 SF
      508 Waldron Rd, La Vergne, TN 37086-3532
      View Details
    • Value Estimation
      $310,000
      1,430 SF

      5210 Murfreesboro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,430 SF
      5210 Murfreesboro Rd, La Vergne, TN 37086-2714
      View Details
    • Value Estimation
      $455,000
      3,724 SF

      5147 Murfreesboro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,724 SF
      5147 Murfreesboro Rd, La Vergne, TN 37086-2713
      View Details
    • Value Estimation
      $285,000
      1,634 SF

      493 Waldron Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,634 SF
      493 Waldron Rd, La Vergne, TN 37086-3548
      View Details
    • Value Estimation
      $2,770,000
      4,622 SF

      5001 Murfreesboro Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,622 SF
      5001 Murfreesboro Rd, La Vergne, TN 37086-2706
      View Details

    Similar Nearby for Sale

    • $1,400,000
      833 SF

      Checkers NNN Ground Lease, TN

      High-yield Checkers restaurant, absolute NNN lease.
      5062 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing
      1.33 Acres

      5511 Murfreesboro Road

      Land • 1.33 Acres
      5525 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • $6,985,000

      10 Acres of Divisible Land

      Approximately 10 acres of divisible land for sale.
      151 Jefferson Pike, La Vergne, TN 37086
      View Details
    • $995,000

      Commercial Land Near Supercenter

      Commercial land with highway frontage near retail and airport.
      108 Fergus Rd, La Vergne, TN 37086
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    • $1,450,000
      7.25 Acres

      La Vergne Commercial Land - 7.25 Acres

      Prime Commercial Land, High Traffic Area, Excellent Visibility
      0 Murfreesboro Rd. At Jackson Sq Blvd, La Vergne, TN 37086
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Parcels in Growing Area

      Available land parcels in high-growth Nashville MSA suburb.
      5309 Murfreesboro Rd, La Vergne, TN 37086
      View Details
    • $17,500 /Mo

      La Vergne Land for Lease

      Fenced and graveled land available for outdoor storage.
      400 Sandhill Rd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Land Parcels Available For Lease

      Land parcels available for lease near high-traffic corridor.
      2002 George Buchanan Dr, La Vergne, TN 37086
      View Details
    • Contact for pricing
      205,445 SF

      Nashville Distribution Center Sublease Opportunity

      Industrial sublease with flexible terms and convenient highway access.
      1230 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • $9 SF/Yr
      205,445 SF

      Interchange City Warehouse Sublease

      Prime La Vergne warehouse space available.
      1230 Heil Quaker Blvd, La Vergne, TN 37086
      View Details
    • Contact for pricing

      Land For Rent La Vergne

      Land available for rent in La Vergne, Tennessee.
      Murfreesboro Rd, La Vergne, TN 37086
      View Details
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    La Vergne, TN 37086
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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