Friday, February 25th, 2022 February25th2022

Sold Alert: Restaurant in Murfreesboro Sold for $315/SF

Published on February 25th, 2022

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.

 

 

  • 1835 Old Fort Pkwy is a 6,992 SF former Old Chicago restaurant.
  • Constructed in 2002, the building sits on a 1.43 acre lot in front of Lowe’s and Target.
  • Parking ratio of 10/1,000 SF.
  • The property is located between Wendy’s and Cheddar’s Scratch Kitchen.
  • The existing building will be demolished to become a new Whataburger location.
  • The purchase was fully financed by Renasant Bank.
  • The property just sold for $2,200,000…the equivalent of $315/SF of building or $35/SF of land.

 

 


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About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com