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Property profile & analytics

500 Murfreesboro Pike Nashville, TN 37210

  • Parking lots & garages
  • 0.44 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US80-1258337
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Parking lots & garages

Property Details for 500 Murfreesboro Pike

Lot size
0.44 lot acres
Zone code
CS
Property type
Parking lots & garages
APN
106-01-0-134-00
APU
10601013400

Description

This exceptional 0.75-acre industrial land parcel, located at 500 Murfreesboro Pike in Nashville, Tennessee (zip code 37210), presents a compelling investment opportunity. Situated in a thriving commercial district, this CS-zoned property boasts high visibility and unparalleled access to major transportation arteries, including I-24, I-40, and I-440. The property benefits from a strong demographic profile, with over 102,276 people residing within a three-mile radius. Currently, the land is subject to an absolute NNN ground lease with McDonald's, significantly reducing landlord responsibilities. This long-term lease, recently extended through September 1, 2023, includes three additional five-year renewal options with a 10% rent increase for each option period. McDonald's, a globally recognized brand, demonstrates the property's exceptional location and strong tenant base. The lease structure minimizes operational burdens for the investor, offering a passive income stream with significant upside potential. The property's strategic location within a rapidly developing area of South Nashville, characterized by new mixed-use and residential projects, further enhances its long-term value. The parking ratio is 8.47 spaces per 1,000 square feet. This offering represents a rare chance to acquire a high-performing asset in one of Nashville's most dynamic commercial corridors. The asking price for this exceptional property is $3,000,000.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Nashville
County
Davidson
State
Tennessee
Longitude
-86.7439
Latitude
36.1431
CBSA code
34980
CBSA name
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,903
$138,000
$12,680
$150,680
-
$345,000
$31,700
$376,700
More about this property
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