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 7938 Winchester Rd., Memphis TN 38125

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EXECUTIVE SUMMARY

LIST PRICE $1,300,923
CAP RATE 6.00%
YEAR BUILT/REMODELED 2011
INCREASES 5% Every 5 Years
LEASE TERM 15 Years
OPTIONS Four5-Year Options
LOT SIZE 0.38 ACRES
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
DRIVE THRU Included

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
    Award Winning Franchisee – Year After Year
    Healthy Rent-to-Sales Ratio
    Increasing Sales – Year Over Year
    Located On Main Retail Corridor – Trophy Location
    Located Inside Kroger Anchored Shopping Center
    Directly Across Lowes And Costco
    175,000 Residents Within 5 Miles |165,000 Day Time
    Average Household Income Over $90,000
    Directly Across FedEx Worldwide Headquarters |$1B Investment In 2018
    Nike World Distribution Center |$301M Investment 2015
    New Amazon Fulfillment Center |$72M Investment In 2018
    Right Off 385 Highway

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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