7 Brew Drive-Through NNN
5114 Veterans Parkway, Murfreesboro, TN 37128
For Sale
New
Contact for pricing
A newly constructed coffee shop is subject to an absolute NNN ground lease with scheduled rent increases.
Property SizeContact for details
Days on Market7
Property Features for 5114 Veterans Parkway
General Information
Standard status
Property subtype
Site & Location
Drive-Thru
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Listing Agency:
Wertz Real Estate Investment
Listed By:
John Wertz · License CA #01448585
(619) 218-6427
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 2:30PM
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 Wertz Real Estate Investment
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Investment Insights
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This newly constructed 7 Brew drive-through coffee shop is leased under an absolute NNN ground lease with a 15-year primary term and four five-year renewal options. Rent increases by 10% every five years during the primary term and option periods.
The property is on Veterans Parkway at Blackman Road, near Interstate 840. Traffic counts are 22,500 vehicles per day on Veterans Parkway and 57,500 on I-840. Nearby destinations include Ascension Saint Thomas Rutherford Westlawn Hospital, Blackman High School, and a planned Vanderbilt Health Rutherford Hospital. National retailers in the surrounding area include Publix, Wawa, McDonald’s, Taco Bell, and 7-Eleven.
The five-mile trade area has more than 89,000 residents, with population projected to increase 15.0% over the next five years. Nearby residential communities include Burgess Farm Development, Berkshire Subdivision, Sheldon Springs Development, Annandale Apartments, and Westlawn Subdivision.
The property is on Veterans Parkway at Blackman Road, near Interstate 840. Traffic counts are 22,500 vehicles per day on Veterans Parkway and 57,500 on I-840. Nearby destinations include Ascension Saint Thomas Rutherford Westlawn Hospital, Blackman High School, and a planned Vanderbilt Health Rutherford Hospital. National retailers in the surrounding area include Publix, Wawa, McDonald’s, Taco Bell, and 7-Eleven.
The five-mile trade area has more than 89,000 residents, with population projected to increase 15.0% over the next five years. Nearby residential communities include Burgess Farm Development, Berkshire Subdivision, Sheldon Springs Development, Annandale Apartments, and Westlawn Subdivision.
Key Highlights
- Newly constructed 7 Brew drive‑through coffee shop
- Absolute NNN ground lease with a 15‑year primary term and four five‑year option periods
- 10% rent increases every five years during the primary term and option periods
Property Analytics
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Current Use
Lease Details
22,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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Business Placement
Demographics for 37128, TN
70,329
Population
29,190
Households
2.4
Avg Household Size
34
Median Age
38%
College-Educated
95%
High-School Grad
56.7 sq mi
ZIP Area
1,240
Density / Sq Mi
$89,069
Median Household Income
$46,844
Median Earnings
$1,514
Median Rent
$364,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A newly constructed coffee shop is subject to an absolute NNN ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 5114 Veterans Parkway Murfreesboro, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Newly constructed 7 Brew drive‑through coffee shop; Absolute NNN ground lease with a 15‑year primary term and four five‑year option periods; 10% rent increases every five years during the primary term and option periods
