1509 Joe B Jackson Parkway
Murfreesboro, TN
Price:
$7,570,000
Cap Rate:
5.15%
NOI:
$389,816
Building Size:
Approx. 5,703 Sq. Ft.
Lot Size:
Approx. 2.4 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2015 / 2021
Investment Overview
- 2015/2021 Construction/Renovation. 5,703+/- SF Building on 2.40+/- Acre Site
- New 15-Year Corporate Absolute NNN Lease with 7.5% Rent Increases Every 5 Years. Features a Laredo Taco & Raise the Roost Chicken
- Excellent Highway Location on Joe B Jackson Parkway at the Entrance to Interstate 24 (51,000+ VPD)
- Average Household Income Demographics of $73,125, $83,843 and $73,148 within a One, Three and Five Mile Radius
- Benefits from Close Proximity to Numerous Large Employers Including: FedEx Ground, BNA3 Amazon Fulfillment Center, Interstate Warehousing, Wegmann Automotive USA Inc. & Many Others
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Murfreesboro | Located in the Nashville MSA | Population: 130,968+