Restaurant in Growing Downtown
521 NW Broad Street, Murfreesboro, TN 37129
NN+ leased Japanese restaurant in a rapidly growing city.
- Added:
- Nov 25, 2025
- Days on Market:
- 173
- Last Refresh:
- Apr 5 at 8:21 pm
Property Features for 521 NW Broad Street
General Information
- Standard status
- Active
Building Details
- Year Built
- 2018
Listing agent Nancy Miller, CCIM, MBA License #439777 (404) 876-1640
Listing office Bull Realty (404) 876-1640
Listing date Nov 25, 2025
Source Bullrealty
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
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.
- Murfreesboro is the 16th fastest‑growing city in the U.S., with a 14% population growth rate.
- Attractive, recently renovated (2022) ±2,874 SF Japanese ramen restaurant.
- NN+ lease with approximately 2 years remaining, 3.5% annual rent increases, and a 5‑year renewal option with 4% annual increases.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hokkaido Ramen House
Restaurant
Location Insight
- Map
- Local Demand
- City
- Murfreesboro
- County
- Rutherford
- State
- Tennessee
- Longitude
- -86.3978
- Latitude
- 35.8474
Nearby Similar for Sale
FAQs
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.
