2535 Medical Center Pky - Restaurant FOR SALE


Murfreesboro, TN 37129
$2,664,000 USD
929-229-2614
2535 Medical Center Pky, Murfreesboro, TN for Sale
$2,664,000 USD
Restaurant - FOR SALE
1/11
null | 5.75% Cap Rate

2535 Medical Center Pky
Murfreesboro, TN 37129


HIGHLIGHTS

  • Corporate Guaranty | Options To Extend | Scheduled Increase
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Top Performing Brand Location | Accessible Via I-24 (132,000 VPD) Outparcel To The Avenue at Murfreesboro (3.5M Annual Visits)
  • Strong Demographics In 5-Mile Trade Area | Clari Park Development No State Income Tax | Limited Brand Competition

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed, Buffalo Wild Wings investment property located in Murfreesboro, Tennessee (Nashville MSA). The tenant, Blazin Wings, Inc., has 7-years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The next rental increase will occur in February 2027. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Blazin Wings, Inc., is a subsidiary of Inspire Brands, one of the largest restaurant companies in the world, with over 32,600 restaurants, including 1,325 Buffalo Wild Wings locations. The offering represents the only Buffalo Wild Wings location in Murfreesboro.

FOR SALE DETAILS

PRICE

$2,664,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buffalo Wild Wings

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

CH

APN/PARCEL ID

092-094.01-000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.