Restaurant in Growing Downtown
For Sale
$2,085,000
521 NW Broad Street, Murfreesboro, TN 37129
NN+ leased Japanese restaurant in a rapidly growing city.
Property Size2,874 SF
Days on Market264
Property Features for 521 NW Broad Street
General Information
Standard status
Active
Size
2,874 SF
Property subtype
Retail
Building Details
Building Size
2,874 SF
Year Built
2018
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Nancy Miller, CCIM, MBA
Source:
Bullrealty
Added: Nov 25, 2025
Changed: Aug 15
Last Checked: Aug 16 at 4:57AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This single-tenant, net-leased restaurant is located in the trendy downtown area of Murfreesboro, known as "The Boro," on busy Broad Street, which sees over 39,000 vehicles per day. Constructed in 2018 and renovated in 2022, the restaurant has approximately 2,874 square feet. The tenant, Hokkaido Ramen, is a casual Japanese ramen concept with over 50 franchised locations across the U.S. The location has strong Yelp reviews and is personally guaranteed by the operator. The NN+ lease has approximately two years remaining with annual rent increases of 3.5% and one renewal option with 4% annual increases. The tenant is responsible for all maintenance, taxes, insurance, and utilities. The property is located on a 1-acre parcel. The restaurant is less than half a mile from the planned Keystone Project, which will include 239 multifamily units, 100 condos with retail space, and a 115-room hotel with retail space. Within a 5-mile radius, the population is over 167,000, and the average household income is over $97,000. The population growth within the area is 14%. Murfreesboro is the 16th fastest-growing city in the U.S.
Key Highlights
- NN+ leased to Hokkaido Ramen, a national franchise with 50+ locations, offering passive income.
- Located in the trendy "The Boro" of Murfreesboro, with high traffic volume (39,000+ VPD).
- Strong demographics: 167,000+ population and $97,000+ average household income within a 5‑mile radius.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
1,439 visits/mo
0.5 miles
Caliber Collision
Shops & Services
1,050 visits/mo
0.1 miles
Caliber Collision
Shops & Services
797 visits/mo
0.2 miles
Demographics for 37129, TN
60,494
Population
24,548
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
80.0 sq mi
ZIP Area
756
Density / Sq Mi
$89,772
Median Household Income
$48,137
Median Earnings
$1,597
Median Rent
$371,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - NN+ leased Japanese restaurant in a rapidly growing city.
Where is this conventional restaurant located?
The property is located at 521 NW Broad Street Murfreesboro, TN.
What is the asking price?
The asking price for this property is $2,085,000.
What are key features of this property?
This property features: NN+ leased to Hokkaido Ramen, a national franchise with 50+ locations, offering passive income.; Located in the trendy "The Boro" of Murfreesboro, with high traffic volume (39,000+ VPD).; Strong demographics: 167,000+ population and $97,000+ average household income within a 5‑mile radius.
