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Gas Station Convenience Store
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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 Market206

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
Source: Crexi
Added: Mar 30 Changed: Oct 16 Last Checked: Oct 20 at 8:48PM

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

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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.

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 / Yr
$447,137
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $447,137 @ 7.0% cap · market cap 6.74%
Second Best
Specialty Retail
$2.07M
$1.81M – $2.42M (±1% cap)
NOI $144,930 @ 7.0% cap · market cap 2.18%
Theoretical Best
Warehouse
$7.76M
$6.79M – $9.05M (±1% cap)
NOI $542,952 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Hair Salon Pharmacy Building Supply Kitchen & Bath Showroom Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

232
Businesses Nearby
68k
Monthly Visits Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

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
(858) 373-3100 Call to check price and availability
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