1006 Memorial Blvd Murfreesboro, TN 37129-2405
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.
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ATM Atm
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El Toro Mexican Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.