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Shopping Strip

Walmart Shadow Center

2886 S Rutherford Blvd, Murfreesboro, TN 37130

Listing Price: $8,530,000

Cap Rate
7.00%
Gross SF
45,640
Rentable SF
45,640
Price/Gross SF
$186.90
Lot Size
7.90 acres
Year Built
2003

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The subject property is a 45,640 SF Walmart Supercenter shadow anchored retail center located in the Nashville MSA • The property is 96% leased and includes national brands such as Dollar Tree, Hibbett Sports, CATO, Sally Beauty, & more • This Center is Shadow Anchored by a high-performing Walmart since 2003 | Walmart owns the Walmart • Strong Tenant History | Average Tenant Occupancy: 12.81 Years STRATEGIC LOCATION | REGIONAL TRADE AREA • Just off Campus, this location serves as the primary Walmart to Middle Tennessee State University (21,721 Students & 2 ,200+ Staff) • Ideally Situated at the intersection of S Rutherford Rd. (23,551 VPD) & John Bragg HWY (17,511 VPD) • The subject property is the dominant retail center in the market and draws f rom a 20-mile trade area DENSE & RAPIDLY GROWING DEMOGRAPHICS • 5-Mile Population: 103,008 • 5-Mile Avg. Household Income: $77,884 • 5-Mile Population Growth: 8.54% MURFREESBORO, TN | NASHVILLE MSA | TENNESSEE’S FASTEST GROWING CITY • Murfreesboro is a city in and county seat of Rutherford County and served as the state capital from 1818 to 1826, now superseded by Nashville • Murfreesboro has boomed as Tennessee’s fastest-growing major city and one of the fastest-growing cities in the country since the 1990’s • Today, it is the largest suburb of Nashville and the sixth-largest city in Tennessee • Murfreesboro is home to Middle Tennessee State University, the second largest undergraduate university in the state of Tennessee, with 21,721 total students & 2 ,200+ Staff

Investment Highlights

  • Nashville MSA
  • Adjacent to Tennessee's 2nd Largest College
  • High Traffic Corridor
  • Superior Demographics
  • Avg. Tenant Tenure | 12+ Years
  • Leasing Momentum | 5 Renewals

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $8,530,000

Cap Rate
7.00%
Gross SF
45,640
Rentable SF
45,640
Price/Gross SF
$186.90
Lot Size
7.90 acres
Year Built
2003

Investment Highlights

  • Nashville MSA
  • Adjacent to Tennessee's 2nd Largest College
  • High Traffic Corridor
  • Superior Demographics
  • Avg. Tenant Tenure | 12+ Years
  • Leasing Momentum | 5 Renewals

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The subject property is a 45,640 SF Walmart Supercenter shadow anchored retail center located in the Nashville MSA • The property is 96% leased and includes national brands such as Dollar Tree, Hibbett Sports, CATO, Sally Beauty, & more • This Center is Shadow Anchored by a high-performing Walmart since 2003 | Walmart owns the Walmart • Strong Tenant History | Average Tenant Occupancy: 12.81 Years STRATEGIC LOCATION | REGIONAL TRADE AREA • Just off Campus, this location serves as the primary Walmart to Middle Tennessee State University (21,721 Students & 2 ,200+ Staff) • Ideally Situated at the intersection of S Rutherford Rd. (23,551 VPD) & John Bragg HWY (17,511 VPD) • The subject property is the dominant retail center in the market and draws f rom a 20-mile trade area DENSE & RAPIDLY GROWING DEMOGRAPHICS • 5-Mile Population: 103,008 • 5-Mile Avg. Household Income: $77,884 • 5-Mile Population Growth: 8.54% MURFREESBORO, TN | NASHVILLE MSA | TENNESSEE’S FASTEST GROWING CITY • Murfreesboro is a city in and county seat of Rutherford County and served as the state capital from 1818 to 1826, now superseded by Nashville • Murfreesboro has boomed as Tennessee’s fastest-growing major city and one of the fastest-growing cities in the country since the 1990’s • Today, it is the largest suburb of Nashville and the sixth-largest city in Tennessee • Murfreesboro is home to Middle Tennessee State University, the second largest undergraduate university in the state of Tennessee, with 21,721 total students & 2 ,200+ Staff

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

Financing By

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