2930 S Rutherford Blvd , Murfreesboro, TN 37130(Rutherford County)

Development opportunity available on adjacent parcel

Absolute $1 Auction - NO RESERVE

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a 1.16 AC land parcel located 2930 S Rutherford Blvd (the Property) in Murfreesboro, TN within the Nashville MSA. This Walmart outparcel offers investors a well-situated development opportunity with highway frontage in a robust and growing market.

The Property consists of a 1.16-acre Walmart outparcel with approximately 235 of frontage along Mercury Blvd (aka John Bragg Hwy/US Hwy 70 S) with traffic counts of 14,549 vehicles per day. The location provides tremendous retail visibility with additional traffic counts of 29,775 vehicles per day along S Rutherford Blvd. The Property offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease up. Zoned PCD, Planned Commercial District, this commercial development site offers favorable flexible zoning that allows for a variety of uses. The Property is also located within a Federal Opportunity Zone.

The Property is situated within College Central Shopping Center which includes Walmart, Dollar Tree, Zaxbys, Applebees, Dairy Queen, GameStop, Hibbett Sporting Goods, and Sallys. Other nationally recognized tenants surrounding the Property include Starbucks, Culvers, Fifth Third Bank, Dollar General, Tractor Supply Co, and Wing Stop, further driving consumers to the area. Murfreesboro is home to Middle Tennessee State University, the 2nd largest university in Tennessee, with a total student population of approximately 25,000. Located less than two miles from the Property is Middle Tennessee State University, a primary traffic draw for the entire area, along with numerous off-campus student housing communities surrounding the Property.

Murfreesboro is located in the Nashville metropolitan area of Middle Tennessee, 34 miles southeast of downtown Nashville. The Nashville metropolitan area consists of a 14-county region in middle Tennessee, encompassing the city of Murfreesboro in Rutherford County. Nashville is consistently ranked as one of the top U.S. markets in terms of investment opportunities, diversity of the local economy, employment, and quality of life. Over the past decade Nashville has experienced tremendous increases in employment, population, and income growth. As one of the most desirable communities in the Nashville area, Murfreesboro has grown 20.48% from 2010-2020 and expected to grow 11.4% from 2020-2025. The Property benefits from dense and compelling demographics and the 5-mile trade area is supported by 102,841 residents with an average household income of $68,083.

The adjacent Walmart Outparcel is also being offered in a $1 Absolute Auction.

Auctioneer: John Roebuck | Fisher Auction Company | Lic: 1702 TN Broker No. 00022430