Gas Station Convenience
For Sale
Contact for pricing
1000 Murfreesboro Rd, Lebanon, TN 37090
For sale retail property with a stated 4.75% CAP and 5,915 sq. ft. building size.
Property Size5,915 SF
Price / SF$1,121
Days on Market160
Property Features for 1000 Murfreesboro Rd
General Information
Standard status
Active
Size
5,915 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$325,000
Building Details
Year Built
2026
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Phil Sambazis · License #01474991
(858) 373-3100
Source:
Crexi
Added: Mar 30
Changed: Aug 13
Last Checked: Aug 26 at 8:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This retail property is offered for sale and includes a stated 4.75% CAP. The building size is 5,915 sq. ft., and the property is marketed within the gas station and convenience retail categories.
The property is located at 1000 Murfreesboro Rd, Lebanon, TN 37090.
The offering is presented as a retail investment, with the provided financial metric and total building size serving as the primary disclosed details.
The property is located at 1000 Murfreesboro Rd, Lebanon, TN 37090.
The offering is presented as a retail investment, with the provided financial metric and total building size serving as the primary disclosed details.
Key Highlights
- Newer retail building built in 2026
- Retail property for sale with 5,915 sq. ft. building size
- Stated 4.75% cap rate per listing remarks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$447,137
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,942,740
$8.9M
Cap Rate 7%
$6,387,671
$6.4M
Cap Rate 9%
$4,968,189
$5.0M
Market Conditions
NOI Build-Up for 5,915 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$692.1K $117.00/SF
− Vacancy
−$53.3K −$9.01/SF
EGI
$638.8K $107.99/SF
− OpEx
−$191.6K −$32.40/SF
NOI
$447.1K $75.59/SF
Area
Wilson County, TN
Vacancy
7.70%
Lease Rate
$117.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,942,740
Cap Rate 7%
$6,387,671
Cap Rate 9%
$4,968,189
Alternative Uses
Best Use
Industrial
$6.39M
$5.59M – $7.45M
NOI $447,137 @ 7.0% cap · market cap 6.74%
Second Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,930 @ 7.0% cap · market cap 2.18%
Theoretical Best
Warehouse
$7.76M
$6.79M – $9.05M
NOI $542,952 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 35%
Hotels & Casinos 10%
Home Improvements & Furnishings 1%
Speedway
Shops & Services
19,272 visits/mo
0.2 miles
O'Charley's
Dining
11,908 visits/mo
0.4 miles
SONIC Drive In
Dining
9,464 visits/mo
0.1 miles
Shell
Shops & Services
8,383 visits/mo
0.3 miles
Dollar General
Shops & Services
7,741 visits/mo
0.1 miles
Demographics for 37090, TN
18,369
Population
7,665
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
93%
High-School Grad
166.4 sq mi
ZIP Area
110
Density / Sq Mi
$85,048
Median Household Income
$46,364
Median Earnings
$1,410
Median Rent
$392,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - For sale retail property with a stated 4.75% CAP and 5,915 sq. ft. building size.
Where is this gas station located?
The property is located at 1000 Murfreesboro Rd Lebanon, TN.
What is the asking price?
The asking price for this property is $6,633,000.
What are key features of this property?
This property features: Newer retail building built in 2026; Retail property for sale with 5,915 sq. ft. building size; Stated 4.75% cap rate per listing remarks
