the ben-moshe brothers of marcus millichap bmb commercial real estate nnn caprates property for sale checkers memphis tn

Checkers Drive-In 15-Year Absolute Triple-Net (NNN)

place 3240 Austin Peay Highway, Memphis Tennessee 38128

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EXECUTIVE SUMMARY

LIST PRICE $1,500,000
CAP RATE 6.00%
YEAR BUILT 2005
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 0.7 ACRES
TYPE OF OWNERSHIP Fee Simple
OPERATOR 100+ Multi-Unit Operator
DRIVE THRU Two Drive Thrus

INVESTMENT DESCRIPTION

The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this Checkers property paired with an absolute net 15-Year lease with zero landlord responsibilities (NNN triple-net investment). Checkers Drive-In Restaurants, Inc., is one of the largest chains of double drive-thru restaurants in the United States. The company operates Checkers and Rally's restaurants in 28 states and the District of Columbia. They specialize in hamburgers, hot dogs, french fries, and milkshakes.

INVESTMENT HIGHLIGHTS

    Brand New 15-Year Lease
    Absolute Triple-Net (NNN)- Zero Landlord Responsibilities
    Single-tenant Net-Leased Asset - Sale-Leaseback
    This Store is Scheduled for a Remodel
    100+ Multi-Unit Award Winning Operator
    Signalized Intersection – Hard Corner
    Traffic Counts Exceeding 50,00 Vehicles Per Day
    Award Winning Franchisee – Year After Year
    Award Winning Store
    Single Tenant Net Leased Asset
    Healthy Rent-to-Sales Ratio
    Two Drive Thrus
    Located On Main Retail Corridor
    Near New Raleigh Town Center – 68 Acre Development
    Nike World Distribution Center | $301M Investment 2015
    Fedex Worldwide Headquarters | $1B Investment In 2018
    New Amazon Fulfillment Center | $72M Investment In 2018

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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