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Vacant-User

The 2309 Center

2309 Mercury Blvd, Murfreesboro, TN 37130

Listing Price: $1,462,500

Cap Rate
5.73%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$195.00
Lot Size
1.32 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present the 2309 Center, located in close proximity to Middle Tennessee State University and a Walmart Supercenter. This newly constructed 7,500-square foot retail shopping sits in close proximity to one of the busiest intersections in Murfreesboro, Tennessee.

The investment affords a unique value-add opportunity for Class A retail at top of the market triple-net lease rates. Strategically positioned near the intersection of Mercury Boulevard and Rutherford Boulevard, this location provides tremendous retail visibility. In addition, the property offers the ability to transition into a demand submarket office/medical use. Ample parking and open box layout, provide for versatile use.

Murfreesboro is situated just 34 miles southeast of Nashville and has garnered itself as one of Tennessee's highest growth markets, as well as one of the fastest growing cities in the United States. Neighboring Middle Tennessee State is the fastest growing university in the state with an enrollment of over 30,000 students.

Investment Highlights

  • High Traffic Counts in Proximity to Major Intersection
  • Tremendous Visibility
  • Neighboring Major University (MTSU)
  • Flexible Use-Conversion and Demand for Office Development
  • Newly Constructed Shopping Center in High Growth Submarket
  • Rare Value-Add Opportunity

Exclusively Listed By

Listing Price: $1,462,500

Cap Rate
5.73%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$195.00
Lot Size
1.32 acres
Year Built
2017

Investment Highlights

  • High Traffic Counts in Proximity to Major Intersection
  • Tremendous Visibility
  • Neighboring Major University (MTSU)
  • Flexible Use-Conversion and Demand for Office Development
  • Newly Constructed Shopping Center in High Growth Submarket
  • Rare Value-Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present the 2309 Center, located in close proximity to Middle Tennessee State University and a Walmart Supercenter. This newly constructed 7,500-square foot retail shopping sits in close proximity to one of the busiest intersections in Murfreesboro, Tennessee.

The investment affords a unique value-add opportunity for Class A retail at top of the market triple-net lease rates. Strategically positioned near the intersection of Mercury Boulevard and Rutherford Boulevard, this location provides tremendous retail visibility. In addition, the property offers the ability to transition into a demand submarket office/medical use. Ample parking and open box layout, provide for versatile use.

Murfreesboro is situated just 34 miles southeast of Nashville and has garnered itself as one of Tennessee's highest growth markets, as well as one of the fastest growing cities in the United States. Neighboring Middle Tennessee State is the fastest growing university in the state with an enrollment of over 30,000 students.

Exclusively Listed By

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