7-Eleven Murfreesboro, TN

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+

 

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