Heartland Dental & SETS/ATS Pads
$5,376,000
4504 Veterans Parkway, Murfreesboro, TN 37128
For Sale
Retail
Retail Pad
Active
Last Updated: 08/13/2025
6.5
Cap Rate
349,456
NOI
Details:
Cap Rate: 6.5%
NOI: $349,456
Building Size: 9,156 sqft
Lot Area: 1.62 sqft
Lease Type: Triple Net
Price Per Sqft: $587.16
Tenancy: Multiple
Highlights:
- Favorable lease terms for each tenant
- 2024 renovation which included new standing seam metal roof installation and resealed/restriped parking lot
- Large 1.62 acre lot at signalized intersection
- 20-year roof warranty in place
- Densely populated metro – 96,000 residents within a 5-mile radius of the subject property
Description:
10-year base term leases for all three tenants featuring a corporate signature from Heartland Dental and above market 2.5% and 3% annual rental increases for SETS and ATS respectively. Subject property is located in Murfreesboro – an affluent Nashville suburb boasting average household incomes of $120,000 within a 1-mile radius of the subject property.
Documents:
| Title | ||
|---|---|---|
|
HeartlandDental_SETS_ATS_Pads_MurfreesboroTN.pdf
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
