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    2708 New Salem Hwy Murfreesboro, TN 37128

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    For Sale
    $5,410,000

    NNN leased retail property with strong traffic and parking.

    Property size:
    14,820 SF
    Lot size:
    2.48 Acres

    Property Features for 2708 New Salem Hwy

    General Information

    Size
    14,820 SF
    Lot size
    2.48 Acres

    Source: Centennial Retail Services Agent Barry Hardwick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near Saint Thomas

    This retail property is located directly across the street from Saint Thomas Medical Partners. The property has an established location with strong traffic counts. It features a large lot size of 2.49 acres and 74 parking spaces, which translates to a ratio of 5.26 spaces per 1,000 square feet. The property is subject to an absolute NNN lease with 9.5 years remaining. The area is projected to experience a population growth rate of 15% or more over the next 5 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service Walgreens Cosmetics Store Walgreens Photo Passport Photo Processor Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Walgreens Pharmacy, Chance Mysayphonh, Maren Richards Brinton, Tiffany Pierson, COVID-19 Drive-Thru Testing at Walgreens

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.4601959
    Latitude
    35.8110315

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    FAQs

    What type of property is this?
    Drug store - NNN leased retail property with strong traffic and parking.
    Where is this drug store located?
    The property is located at 2708 New Salem Hwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $5,410,000.
    What are key features of this property?
    This property features: - Directly across the street from Saint Thomas Medical Partners; - **9.5 Years Remaining on Absolute NNN Lease**; - Strong projected population growth rate 15%+ next 5-years
    (615) 234-4934
    Request Owner's contact information
    2708 New Salem Hwy Murfreesboro, TN 37128
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    Murfreesboro, TN 37128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2708 New Salem Hwy Murfreesboro, TN 37128
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