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28743985
30072286

2973 S Church St, Murfreesboro, TN 37127

PD
CA 01750064
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital
$4,466,000
183 days on market
Updated 2 days ago

Chase Bank

Details
Property Type Retail
Sub Type Bank
Square Footage 4,135
Units 1
Cap Rate 5%
NOI $223,290
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank
Lease Type Net
Lease Term 15
Lease Expiration 09/30/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options three (3) five-year options
Price per SqFt $1,080
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 09/28/2025

New Construction Chase Bank in Nashville MSA | 15 Year Net Lease | S&P Rated AA-

Marketing description

South Boro is prominently located with excellent access and visibility along South Church Street (50,028 AADT) approximately 1.5 miles from its junction with the I-24 arterial (138,023 AADT). South Church Street is a major arterial, providing easy access to Nashville and other surrounding areas.

The property is conveniently located near major retailers, including Walmart Supercenter (2.3 million annual visits per Placer.Ai), Kroger (1.4 million annual visits, top 20% location in Tennessee), ALDI (328,000 annual visits), Planet Fitness, and Walgreens (394,000 annual visits). It is also conveniently located near The Avenue Murfreesboro (3.4 million annual visits), which features stores like Best Buy, Belk, Haverty’s, Dick’s Sporting Goods, Cost Plus World Market, and Petco. Another notable nearby retail center is The Oaks (3.1 million annual visitors), with anchor stores like Marshall’s, Sportsman’s Warehouse, Ross, and Ashley Homestore.

This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (TN License #261721)

Investment highlights

• New 15-Year Corporate Net Lease to JPMorgan Chase Bank

• 2024 Construction with Drive Thru ATM Component

• Excellent Access and Visibility Along S. Church Street - 52,028 AADT

• Near Middle Tennessee State University - 24k+ Students & Staff

• Murfreesboro is the Largest Suburb in Tennessee

Listing Contacts

PD
CA 01750064
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$223,290.00
$18,607.50/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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