5062 Murfreesboro RdLa Vergne, TN 37086

Property Details for 5062 Murfreesboro Rd

Year built

2017

Construction

FRAME

Lot size

0.72 AC

Property size (Sq ft)

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.

Location Insight

City

La Vergne

County

Rutherford

State

Tennessee

Latitude

36.0221

Longitude

-86.584

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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