Fully Equipped Restaurant
For Sale
$2,000,000
1132 Murfreesboro Pike, Nashville, TN 37217
Existing restaurant improvements include a full kitchen, dining fixtures, and on-site parking.
Property Size6,000 SF
Price / SF$333.33
Days on Market32
Property Features for 1132 Murfreesboro Pike
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Furnished
Yes
Highway Access
Yes
Land Use
restaurant, commercial
Equipment Included
Yes
Building Details
Year Built
1977
Listing Agency:
Adaro Realty
(615) 376-1688
Listed By:
Aziz (AJ) Ashurov · License #707707
Source:
Dreamdoorstn
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 28 at 8:46PM
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 Adaro Realty
Investment Insights
Based on property information with market context.
The property includes a 6,000-square-foot restaurant building constructed in 1977. The existing improvements are furnished and configured with a full kitchen, dining fixtures, and parking space, providing an established restaurant layout for continued use.
Situated at 1132 Murfreesboro Pike in Nashville, the property occupies more than an acre in a high-traffic area. The location offers access to Briley and proximity to the airport and downtown.
Situated at 1132 Murfreesboro Pike in Nashville, the property occupies more than an acre in a high-traffic area. The location offers access to Briley and proximity to the airport and downtown.
Key Highlights
- 6,000‑square‑foot restaurant building constructed in 1977
- Fully furnished restaurant improvements with a full kitchen
- Dining fixtures are included with the existing building
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
$85,833
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
4.29%
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%
$1,716,660
$1.7M
Cap Rate 7%
$1,226,186
$1.2M
Cap Rate 9%
$953,700
$953.7K
Market Conditions
NOI Build-Up for 6,000 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
$122.4K $20.40/SF
− Vacancy
−$8.0K −$1.33/SF
EGI
$114.4K $19.07/SF
− OpEx
−$28.6K −$4.77/SF
NOI
$85.8K $14.31/SF
Area
Nashville, TN
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,716,660
Cap Rate 7%
$1,226,186
Cap Rate 9%
$953,700
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,833 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,920 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 29%
Groceries 18%
Electronics 4%
McDonald's
Dining
18,931 visits/mo
0.4 miles
Dollar General Market
Groceries
13,776 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,336 visits/mo
0.1 miles
LongHorn Steakhouse
Dining
10,494 visits/mo
0.4 miles
Taco Bell
Dining
10,431 visits/mo
0.3 miles
Demographics for 37217, TN
33,115
Population
14,168
Households
2.3
Avg Household Size
33
Median Age
32%
College-Educated
82%
High-School Grad
17.8 sq mi
ZIP Area
1,860
Density / Sq Mi
$61,529
Median Household Income
$37,090
Median Earnings
$1,313
Median Rent
$279,400
Median Home Value
Market
Vacancy Rate% for Retail in Nashville, TN
Questions? Ask Rey
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Similar Off Market Nearby
- King Buffet — 1051 Murfreesboro Pike, Nashville, TN 37217
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements include a full kitchen, dining fixtures, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1132 Murfreesboro Pike Nashville, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6,000‑square‑foot restaurant building constructed in 1977; Fully furnished restaurant improvements with a full kitchen; Dining fixtures are included with the existing building
