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    OFF-MARKET
    Lifestyle centers

    3550 Shelbyville Hwy, Murfreesboro, TN 37127

    2,526 SF 8.3 ac lot Built 1993
    Property ID
    US80-0783117
    Property summary
    AI-generated overview

    This exceptional 2,526 square foot retail property, located at 3550 Shelbyville Hwy in Murfreesboro, Tennessee, presents a lucrative investment opportunity. Currently operating at 100% occupancy as a single-tenant grocery store and pharmacy, this property boasts a gross lease and sits on a substantial 8.3-acre lot. Built in 1993, the building features a composition shingle roof. The asking price is $5,750,000, translating to $2,276 per square foot. The property is zoned residential (Res), although its current use is commercial. A proposed traffic light installation at the south corner of the driveway is currently under city review, promising increased visibility and accessibility. All utilities are available, and new commercial highway utilities are nearby. The property is being sold as-is and the owner will not consider splitting the sale. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Tennessee market. The property's size and location make it ideal for continued operation or potential redevelopment. Tax records confirm the 8.3-acre lot size and 2,526 square foot building size.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1993
    Total area 2,526 SF
    Lot 8.3 ac (361,548 SF)
    UPID US80-0783117
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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