The Cooper Commercial Investment Group closed the sale of a free-standing Cheddar’s Scratch Kitchen in Cleveland, Tennessee.
The build is shadow-anchored by Home Depot and surrounded by other complimentary retailers. The restaurant opened in August of 2022 on a 10-year absolute NNN lease.
Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, represented the seller, a private Tennessee investment group. The private investment buyer, also out of Tennessee, purchased the property for $4 million, representing a 4.75% CAP rate and about 96% of list price.
