NNN Leased Bank
For Sale
Contact for pricing
214 W College St, Murfreesboro, TN 37130
Absolute NNN bank property leased to Pinnacle Financial Partners with remaining term and annual rent escalations.
Property Size47,756 SF
Days on Market231
Property Features for 214 W College St
General Information
Standard status
Active
Size
47,756 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
83,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
JLL
(404) 995-2100
Listed By:
Brad Buchanan · License #351151
(404) 942-3192
Source:
Moodyscre
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 26 at 8:17PM
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 JLL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This absolute NNN bank property is currently operating under an absolute NNN lease with approximately 12 years remaining and 1.9% annual rent escalations. The space is 100% occupied by Pinnacle Financial Partners, including bankers and accounting operations.
Located in downtown Murfreesboro, Tennessee, the property offers accessibility to 83,000 VPD and sits adjacent to MTSU with 20,000+ students. It is positioned within a dense retail corridor reporting 12.8M+ annual visitors.
The offering is described as below-market rent, with stated rent of $23.06 PSF compared to $28.36 PSF, providing a clear snapshot of current lease economics based on the seller’s figures.
Located in downtown Murfreesboro, Tennessee, the property offers accessibility to 83,000 VPD and sits adjacent to MTSU with 20,000+ students. It is positioned within a dense retail corridor reporting 12.8M+ annual visitors.
The offering is described as below-market rent, with stated rent of $23.06 PSF compared to $28.36 PSF, providing a clear snapshot of current lease economics based on the seller’s figures.
Key Highlights
- Absolute NNN lease with 12 years remaining and 1.9% annual rent escalations
- 100% occupied by Pinnacle Financial Partners for banking, operations, bankers, and accounting
- Below‑market rent at $23.06 PSF versus $28.36 PSF
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
83,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,348
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 35%
Apparel 23%
Home Improvements & Furnishings 3%
McDonald's
Dining
20,856 visits/mo
0.3 miles
Goodwill
Apparel
16,400 visits/mo
0.5 miles
Dodge's Southern Style
Shops & Services
15,613 visits/mo
0.3 miles
Captain D's
Dining
4,310 visits/mo
0.3 miles
AutoZone
Shops & Services
3,503 visits/mo
0.4 miles
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN bank property leased to Pinnacle Financial Partners with remaining term and annual rent escalations.
Where is this bank located?
The property is located at 214 W College St Murfreesboro, TN.
What are key features of this property?
This property features: Absolute NNN lease with 12 years remaining and 1.9% annual rent escalations; 100% occupied by Pinnacle Financial Partners for banking, operations, bankers, and accounting; Below‑market rent at $23.06 PSF versus $28.36 PSF
