Building Details

Year Built 1990

Listing Agency: simpliHOM m***@gmail.com Show Phone

Listed By: Maha Hindiyeh · License #371004 Show Phone

Source: Movehomenashville

Added: Oct 1 Changed: Oct 29 Last Checked: Oct 29 at 2:54PM

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Investment Insights

Based on property information with market context.

This 2,280-square-foot restaurant property was built in 1990 and includes a drive-through window with parking for approximately 14 cars. The existing configuration supports restaurant operations, with other approved commercial uses also noted.

Positioned on NW Broad Street in Murfreesboro, the property is on a commercial corridor reported to carry approximately 33,000–34,000 vehicles per day, with established businesses in the surrounding area.

Key Highlights

• 2,280 square feet of restaurant space
• Drive‑through window
• Parking for approximately 14 cars

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,521

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,420 $530.4K

Cap Rate 7%

$378,871 $378.9K

Cap Rate 9%

$294,678 $294.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,280 SF

Gross rent

$39.7K $17.40/SF

− Vacancy

−$1.8K −$0.78/SF

EGI

$37.9K $16.62/SF

− OpEx

−$11.4K −$4.99/SF

NOI

$26.5K $11.63/SF

Area

Murfreesboro, TN

Vacancy

4.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,420

Cap Rate 7%

$378,871

Cap Rate 9%

$294,678

Alternative Uses

Best Use

Specialty Retail

$436.2K

$381.7K – $508.9K (±1% cap)

NOI $30,534 @ 7.0% cap · market cap 610.68%

Second Best

Retail

$378.9K

$331.5K – $442.0K (±1% cap)

NOI $26,521 @ 7.0% cap · market cap 530.42%

Theoretical Best

Office A

$574.8K

$503.0K – $670.6K (±1% cap)

NOI $40,236 @ 7.0% cap · market cap 804.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smokes & Brews (Bike/Boat/Book/etc) Store Salads On Demand Restaurant

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Law Firm Restaurant Furniture & Home Goods

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

Lease Details

34,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

59k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 98% Home Improvements & Furnishings 2%

RaceTrac Shops & Services

26,745 visits/mo 0.4 miles

Circle K Shops & Services

15,817 visits/mo 0.2 miles

Dollar General Shops & Services

7,033 visits/mo 0.4 miles

Shell Shops & Services

5,601 visits/mo 0.1 miles

Enterprise Rent-A-Car Shops & Services

1,439 visits/mo 0.1 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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - A drive-through window and on-site parking support convenient customer service at this commercial property.

Where is this drive through restaurant located?

The property is located at 2137 NW Broad St Murfreesboro, TN.

What are key features of this property?

This property features: 2,280 square feet of restaurant space; Drive‑through window; Parking for approximately 14 cars