2963 S Church St - Restaurant FOR SALE


Murfreesboro, TN 37127
$4,531,000 USD
510-289-1166
2963 S Church St, Murfreesboro, TN for Sale
$4,531,000 USD
Restaurant - FOR SALE
1/1
null | 5.25% Cap Rate

2963 S Church St
Murfreesboro, TN 37127


HIGHLIGHTS

  • New 12-Year NNN Lease to First Watch (NASDAQ: FWRG) with 10% Rental Escalation in Year 7 and at Options
  • Corporate Lease to Rapidly Growing Casual Dining Concept
  • Plans to Grow to 2,000+ Locations in Coming Years
  • Brand New 2024 Construction
  • Excellent Access and Visibility Along S. Church Street - 52,028 AADT
  • Low Submarket Vacancy of 1.8%

OVERVIEW

South Boro is prominently located with excellent access and visibility along South Church Street (50,028 AADT) approximately 1.5 miles from its junction with the I-24 arterial (138,023 AADT). South Church Street is a major arterial, providing easy access to Nashville and other surrounding areas. The property is conveniently located near major retailers, including Walmart Supercenter (2.3 million annual visits per Placer.Ai), Kroger (1.4 million annual visits, top 20% location in Tennessee), ALDI (328,000 annual visits), Planet Fitness, and Walgreens (394,000 annual visits). It is also conveniently located near The Avenue Murfreesboro (3.4 million annual visits), which features stores like Best Buy, Belk, Haverty’s, Dick’s Sporting Goods, Cost Plus World Market, and Petco. Another notable nearby retail center is The Oaks (3.1 million annual visitors), with anchor stores like Marshall’s, Sportsman’s Warehouse, Ross, and Ashley Homestore. This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (Jon Parker, TN License #255763)

FOR SALE DETAILS

PRICE

$4,531,000 USD

PRICE/SF

$1,162 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Watch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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