Ground-Leased Retail Outparcel
For Sale
Contact for pricing
5213 Veterans Pkwy, Murfreesboro, TN 37128
1.48-acre outparcel ground leased on an absolute NNN basis with a corporately guaranteed 20-year term.
Property Size2,400 SF
Lot Size1.48 Acres
Price / SF$1,805
Days on Market89
Property Features for 5213 Veterans Pkwy
General Information
Standard status
Active
Size
2,400 SF
Lot size
1.48 Acres
Property subtype
LAND
Site & Location
Traffic Count
22,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Wertz Real Estate Investment Services
(619) 218-6427
Listed By:
John R. Wertz · License #01448585
Source:
Moodyscre
Added: May 5
Changed: Jul 26
Last Checked: Jul 31 at 1:25PM
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 Services
Investment Insights
Based on property information with market context.
This offering is a 1.48-acre commercial land outparcel with new 2025 high-quality construction. The property is subject to a 20-year absolute NNN ground lease that is corporately guaranteed by Fifth Third Bank (NASDAQ: FITB). Rental increases are structured at 10% every five years, including four (4) five-year renewal options.
The outparcel is designated for a new Publix supermarket and is directly across from a future Vanderbilt Hospital. The site is described as high-visibility, with traffic counts exceeding 57,500 VPD on I-840 and 22,500 VPD on Veterans Parkway, in an affluent Nashville suburb.
The property is located in a tax-free state, and the 5-mile population projection provided is more than 101,000 over the next five years, reflecting a growth rate over 15%.
The outparcel is designated for a new Publix supermarket and is directly across from a future Vanderbilt Hospital. The site is described as high-visibility, with traffic counts exceeding 57,500 VPD on I-840 and 22,500 VPD on Veterans Parkway, in an affluent Nashville suburb.
The property is located in a tax-free state, and the 5-mile population projection provided is more than 101,000 over the next five years, reflecting a growth rate over 15%.
Key Highlights
- 1.48‑acre outparcel ground lease on an absolute NNN basis with a corporately guaranteed 20‑year term
- 20‑year lease is corporately guaranteed by Fifth Third Bank (NASDAQ: FITB)
- 10% rental increases every five years, with (4) 5‑year renewal options
Property Analytics
Current Use
Lease Details
22,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - 1.48-acre outparcel ground leased on an absolute NNN basis with a corporately guaranteed 20-year term.
Where is this commercial land located?
The property is located at 5213 Veterans Pkwy Murfreesboro, TN.
What is the asking price?
The asking price for this property is $4,333,000.
What are key features of this property?
This property features: 1.48‑acre outparcel ground lease on an absolute NNN basis with a corporately guaranteed 20‑year term; 20‑year lease is corporately guaranteed by Fifth Third Bank (NASDAQ: FITB); 10% rental increases every five years, with (4) 5‑year renewal options
