by Citybizlist
Published on July 31, 2017
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) Smyrna TN, a 950-square foot net-leased property located in Smyrna, TN, according to Kirk A. Felici, regional manager of the firm’s Miami office. The asset sold for $2,184,562.
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 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, Quick Service Restaurants (QSR), Retail Shopping Centers and Sale-Leasebacks nationwide. “We are pleased to share the sale of this one-of-a-kind Checker’s drive in property directly across the Nissan Assembly Plant.” says Roee Ben-Moshe. “We were able to generate multiple offers from 1031 buyers for this unique asset and close prior to its completion of construction and official opening date,” says Leeor Ben-Moshe.
The buyer, an individual/personal trust, was secured and represented by Greg Price and Hunt Watson, investment specialists in Marcus & Millichap’s Denver office. Regional Manager, Broker, assisted in closing this transaction.
The new Checkers Drive-In (20-Year NNN) Smyrna TN is located at 1098 Sgt Asbury Hawn Way Smyrna, TN.
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