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 3680 Lamar Ave, Memphis TN 38118

To Download Complete Offering, Please enter your E-mail:

Note: By entering your email below, you will not be automatically subscribed to our mailing list. If you wish to be subscribed, please do so by Subscribing Here!




SHARE LISTING    


EXECUTIVE SUMMARY

LIST PRICE $1,280,000
CAP RATE 6.25%
YEAR BUILT/REMODELED 2018
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four 5-Year Options
LOT SIZE 0.85 ACRES
TYPE OF OWNERSHIP Fee Simple
OPERATOR 100+ Multi-Unit Operator
DRIVE THRU Double Drive Thru

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 - Sale-Leaseback
    Absolute Triple-Net (NNN)- Zero Landlord Responsibilities
    Single-tenant Net-Leased Asset
    Brand New Construction and Prototype
    100+ Multi-Unit Award Winning Operator
    Five percent Bumps Every Five Years
    Signalized Corner – Hard Corner
    Traffic Counts Exceeding 50,000 Vehicles Per Day
    Award Winning Franchisee –Year After Year
    Single Tenant Net Leased Asset
    Healthy Rent-to-Sales Ratio
    Double Drive-Thru
    Over 250,000 Daytime Population In 5 Miles
    Minutes From Fedex Ship Center –10,000 Employees
    Nike World Distribution Center |$301m Investment 2015
    Fedex Worldwide Headquarters |$1b Investment In 2018
    New Amazon Fulfillment Center |$72m Investment In 2018
    Directly In Front Massive Industrial & High Employment Area

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

Need Financing?

For New Listings