Property profile

1006 Memorial Blvd Murfreesboro, TN 37129

OFF-MARKET
Turn key restaurants
Property ID
US80-0118517
6,393 SF 1.99 ac lot Built 1986
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,650-square-foot, Class A restaurant property, formerly an O'Charley's, presents a turnkey opportunity for owner-users seeking a value-add investment. Located at 1006 Memorial Blvd, Murfreesboro, TN 37129, this single-story building sits on a substantial 1.99-acre lot boasting 222 feet of frontage on Memorial Boulevard, a major thoroughfare with a daily traffic count of 34,742 vehicles. Built in 1986 and renovated in 2021, the property includes 148 parking spaces and is zoned for commercial use. The sale includes all fixtures, furniture, and equipment (FF&E). The property is currently occupied, offering immediate income potential. This prime location offers excellent visibility and accessibility, situated near I-24 in Rutherford County. The asking price is $2,750,000. The property's spacious layout and ample parking make it ideal for a variety of restaurant concepts. The large lot size also presents potential for future expansion or development. The property is available for immediate occupancy, starting August 14, 2024. This is a rare opportunity to acquire a well-maintained, established restaurant property in a high-traffic area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Construction FRAME
Total area 6,393 SF
Lot 1.99 ac (86,684 SF)
APN 091F-E-022.00-000
UPID US80-0118517

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant

Location

1006 Memorial Blvd Murfreesboro, TN 37129-2405
Murfreesboro metro Census 41602 NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.27M
Blend (final) Blend
$2.86M

Owner & transaction history

since 2025
Last sale
$2.7M
6 recorded transactions
2025
$2.7M
2018
$2.8M
2004
Price N/A
2004
$2.7M
2003
$2.3M
2002
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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