Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Checkers Drive-In (20-Year NNN) Nashville TN, a 950-square foot net-leased property located in Nashville, TN, according to Kirk A. Felici, regional manager of the firm’s Miami office. The asset sold for $2,237,136.

Roee E. Ben-Moshe and Leeor Ben-Moshe, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, an individual/personal trust, was secured and represented by Barry Gordon and Justin Forman , investment specialists in Marcus & Millichap’s Los Angeles office. 

Roee Ben-Moshe and Leeor Ben-Moshe have the exclusive listing to market the property on behalf of the seller.  The brothers are both investment specialists in Marcus & Millichap’s Miami office and together, the Ben-Moshe brothers have extensive experience with Single Tenant Net-Leased assets, Retail Shopping Centers and Sale-Leasebacks nationwide.

The new Checkers Drive-In will be located at 3232 Clarksville Pike in Nashville, TN.  It is currently under construction and located on the busy Clarksville Pike Rd, with traffic counts of over 35,000 vehicles per day directly in front of the property and 150,000 residents within 3 miles of the property.

“With the long term 20-year lease and 2% annual rent escalations, this is a one of a kind single tenant QSR (Quick Service Restaurant) asset.” says Roee Ben-Moshe. “The Nashville Market is one of the most desirable markets in the United States, we are pleased to be part of its strong development. We see a lot of continued growth in this market,” says Leeor Ben-Moshe.

Please feel free to contact us for inquiries on the property at 786-522-7083 or visit us online at www.caprates.com.