Overview

Highlights

• IRREPLACEABLE LOCATION: This asset is positioned strategically in the Rutherford County submarket, which has experienced historically low vacancy rates over the past 24 months. There is consistent demand for small to mid-sized tenants seeking available space in the area. Located near Downtown Murfreesboro and adjacent to I-24 with ±60,000 VPD and US-231 with ±50,000 VPD.
• VALUE ADD OWNER USER OPPORTUNITY: The property features ±27,000 SF. There is currently ±9,000 SF leased to Kevin Sparks Signature Pools for the next 3 years. The remaining ±18,000 SF is owner-occupied and will be available for occupancy shortly after closing. Once this space is vacated, the purchaser has the option to expand their business into this space or lease it out to a new tenant.
• IN DEMAND PROPERTY: With very little supply of flex/showroom space under ±30,000 square feet, this opportunity will fit the needs of countless different users. The property has a great, open climate-controlled space, which can be converted for the purchaser’s needs. In addition, there is ample parking available, and a large ±2.3-acre lot which is a rare find in this area.
• SUBMARKET FUNDAMENTALS: With limited supply of similar buildings in the surrounding area, landlords have been able to push rental rates much higher than the historical norms. Vacancies for similar properties in the submarket are hovering near all-time lows, as tenants continue to have difficulty finding available facilities with adequate parking.

Documents

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