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1312 NW Broad St
Murfreesboro, TN 37129
Retail Property For Sale
Investment Highlights
- With a NNN lease in place, this property offers a hands-off investment with minimal landlord responsibilities.
- Three years remaining on original and a five-year renewal option, with a 6% CAP Rate.
- Positioned along NW Broad Street, a major commercial corridor with excellent visibility and accessibility.
- Murfreesboro is one of the fastest-growing cities in Tennessee, with expanding commercial and residential developments.
Executive Summary
Clay Pit is the oldest Indian restaurant in Murfreesboro, TN, having served the community for 24 years. Originally located off Memorial Blvd for 21 years, they later relocated to 1312 NW Broad St. It is a beloved neighborhood restaurant that everyone knows. Restaurant Business Can Also Be For Sale.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,990 SF
Year Built/Renovated
1978/2018
Price
$1,400,000
Price Per SF
$468.23
Cap Rate
6%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.46 AC
Zoning
CH - Commercial Hwy
Parking
30 Spaces (10.03 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 080O-E-001.04-000 | Improvements Assessment | $86,000 |
| Land Assessment | $101,000 | Total Assessment | $187,000 |
Property Taxes
Parcel Number
080O-E-001.04-000
Land Assessment
$101,000
Improvements Assessment
$86,000
Total Assessment
$187,000
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