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    1509 Joe B Jackson Pkwy Murfreesboro, TN 37127

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    For Sale
    $7,425,000

    New NNN lease property near Interstate 24 entrance.

    Property size:
    5,703 SF
    Lot size:
    2.45 Acres

    Property Features for 1509 Joe B Jackson Pkwy

    General Information

    Size
    5,703 SF
    Lot size
    2.45 Acres

    Source: Secure Net Lease - Dallas Agent Matthew Scow

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

    Overview

    Highway Retail Property in Murfreesboro

    This property features a 5,703 square foot building, constructed and renovated in 2015 and 2021, situated on a 2.40 acre site. The property has a new 15-year corporate absolute NNN lease with 7.5% rent increases every 5 years. It includes a Laredo Taco and Raise the Roost Chicken. The location offers excellent highway frontage on Joe B Jackson Parkway at the entrance to Interstate 24, with a traffic count of over 51,000 vehicles per day. The surrounding area has average household incomes of $73,125, $83,843, and $73,148 within a one, three, and five mile radius, respectively. The property benefits from its proximity to large employers such as FedEx Ground, BNA3 Amazon Fulfillment Center, Interstate Warehousing, and Wegmann Automotive USA Inc. The tenant, 7-Eleven, is the largest chain store operator in the world with over 85,000 stores and holds an S&P rating of A. The property is located in Murfreesboro, within the Nashville MSA, which has a population of over 130,968.
    Insight Report Location Intelligence

    Current Use by Public Records

    Raise the Roost chicken ... Mexican Restaurant Laredo Taco Company Mexican Restaurant Exxon Gas Station PNC Bank ATM Atm 7-Eleven Convenience Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murfreesboro
    County
    Rutherford
    State
    Tennessee
    Longitude
    -86.3689361
    Latitude
    35.7875971

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    FAQs

    What type of property is this?
    Grocery and convenience store - New NNN lease property near Interstate 24 entrance.
    Where is this grocery and convenience store located?
    The property is located at 1509 Joe B Jackson Pkwy Murfreesboro, TN.
    What is the asking price?
    The asking price for this property is $7,425,000.
    What are key features of this property?
    This property features: - New 15-Year Corporate Absolute NNN Lease with 7.5% Rent Increases Every 5 Years.; - Excellent Highway Location on Joe B Jackson Parkway at the Entrance to Interstate 24 (51,000+ VPD).; - 2015/2021 Construction/Renovation. 5,703+/- SF Building on 2.40+/- Acre Site.
    (214) 522-7200
    Request Owner's contact information
    1509 Joe B Jackson Pkwy Murfreesboro, TN 37127
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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
    1509 Joe B Jackson Pkwy Murfreesboro, TN 37127
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