Property profile

3550 Shelbyville Hwy Murfreesboro, TN 37127

OFF-MARKET
Lifestyle centers
Property ID
US80-0783117
2,526 SF 8.3 ac lot Built 1993
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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

Location

3550 Shelbyville Hwy Murfreesboro, TN 37127
Murfreesboro metro
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Value estimations

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Owner & transaction history

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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