Overview
Fifth Third Bank NNN Lease
The property is strategically located in front of a new Publix supermarket and adjacent to McDonald’s, Taco Bell, 7-Eleven, AutoZone, and Wawa. It benefits from direct visibility across from the future Vanderbilt Hospital. Fifth Third occupies a newly constructed building on a 1.48-acre parcel along Veterans Parkway, just off the I-840 interchange, where traffic counts exceed 57,500 vehicles per day on I-840 and 22,500 vehicles per day on Veterans Parkway. The property offers visibility, access, and exposure within one of Murfreesboro’s fastest-growing commercial corridors, supported by residential, retail, and medical development activity. The surrounding area has average household incomes exceeding $143,000, and the five-mile population is projected to grow more than 15% over the next five years, surpassing 101,000 residents. Nearby master-planned communities include Sheldon Springs, Berkshire Subdivision, and Burgess Farm Development. The immediate trade area features a mix of national and regional tenants including Publix, Kroger, Aldi, Walmart, Sam’s Club, Kohl’s, Lowe’s, CVS, Starbucks, Chick-fil-A, AutoZone, Wawa, and 7-Eleven, as well as shopping destinations such as The Avenue Murfreesboro, home to Best Buy, Petco, Michaels, Dick’s Sporting Goods, LOFT, Burlington, Ross, T.J. Maxx, World Market, and American Eagle. The area also benefits from hospitality and healthcare anchors including Embassy Suites by Hilton, Staybridge Suites, and Ascension Saint Thomas Medical Center. This offering represents an opportunity to acquire a newly built, investment-grade, corporately guaranteed Fifth Third Bank on an absolute NNN ground lease in a Murfreesboro growth corridor surrounded by top national retailers and strong demographics. The property size is 2400 square feet.
