2821 Medical Center Pky - Restaurant FOR SALE
Murfreesboro, TN 37129 |
$2,588,000 USD
704-379-1985
2821 Medical Center Pky
Murfreesboro, TN 37129
HIGHLIGHTS
- Absolute Net Ground Lease | No landlord responsibilities
- Desirable lease term | 7.5+ years remaining
- Corporate lease | Rare Hospitality, Inc. | 287+ locations nationwide
- Highly visited location via Placer.ai | 91st percentile in Tennessee and 86th percentile nationwide
- Tenant exercised first option & 2nd option concurrently extending the term to 2032 showing strong commitment to this site
- Across the street from 78-acre new mixed-use development under construction | Clari Park | 300+ units & features tenants like Main Event & others
FOR SALE DETAILS
PRICE
$2,588,000 USD
PRICE/SF
$465 USD /SF
CAP RATE
5.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Longhorn Steakhouse Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
1.62 AC
LAND SF
70,567 SF
ZONING
-
APN/PARCEL ID
092-094.01-001
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
704-379-1985
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
704-379-1985
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
