Sold: 100% Occupied Retail Strip Center in Murfreesboro

Update:  This property sold for $1,850,000

Beau Beach, MBA CCIM presents:

100% occupied, well located retail strip center in the heart of growing Murfreesboro, TN.  It’s clear that the person who designed and built this property knew what they were doing! Seller is an experienced developer who is preparing for retirement. State of the art construction. Very desirable 1,500 SF floor plans. All suites have their own utility meters which are paid directly by the tenants…even water and sewer. Clearly this property was designed to stand the test of time.

Well designed and like-new

7,500 SF on .9 acres.  Five 1,500 SF suites.  Just 16 years old! Well parked with 50 parking spaces for a ratio of 6.6/1,000 SF.  Strong building and pylon signage.

Incredible location

Located roughly at the intersection of SE Broad Street and S Rutherford Blvd…a very high traffic intersection. There’s a reason McDonald’s is next door and Publix is immediately across the street! Traffic counts on S. Rutherford Blvd alone total 27,000+ vehicles per day.

Diversified, staggered rent roll

100% occupancy. The average base lease was 5 years…each with a built-in 5 year renewal option. Diversified business types including a convenience store, nail salon, and three food providers.

Perfect 1031 Exchange opportunity.

Do not procrastinate. This unique opportunity will not last long. We’ll prepare your offer and pay $500 of your legal fees.

>> Rent roll and historical operating expenses available by request to serious buyers only <<

Please do not disturb the tenants.

LOCATION DESCRIPTION:

Murfreesboro is a city and the county seat of Rutherford County, TN. The population was 146,900 as of 2019. Up from 108,755 residents in 2010 and 68,816 residents in 2000.

Murfreesboro is located in the Nashville metropolitan area of Middle Tennessee, 34 miles southeast of downtown Nashville.

Serving as the state capital from 1818 to 1826, it was superseded by Nashville. Today it is the largest suburb of Nashville and the sixth-largest city in Tennessee. The city is located in both the center of population of Tennessee and the geographic center of Tennessee.

Since the 1990s, Murfreesboro has been Tennessee’s fastest-growing major city and one of the fastest-growing cities in the country.

Murfreesboro is home to Middle Tennessee State University, the largest undergraduate university in the state of Tennessee, with 22,729 total students.

Murfreesboro was ranked by Money Magazine as the 19th best place to live in the United States.

The top employers in Rutherford County are Nissan (8,000), Rutherford County government and schools (6,482), Middle Tennessee State University (2,205), National Healthcare (2,071), Ingram Content Group (2,000), State Farm Insurance (1,650), Amazon (1,550), St. Thomas Rutherford Hospital (1,400), Alvin C. York Veterans Administration Medical Center (1,300) and Asurion (1,250).