500 Murfreesboro PikeNashville, TN 37210

Property Details for 500 Murfreesboro Pike

Lot size

0.44 AC

Zone code

CS

Property type

Retail properties

Property subtype

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.

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.1431

Longitude

-86.7439

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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