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31650181
31650178

527 N Maple St, Murfreesboro, TN 37130

TP
TN 320113, TN 320113
Charles Hawkins Co.
JM
TN 353235
Charles Hawkins Co.
Listed by Charles Hawkins Co.
$2,250,000
58 days on market
Updated 58 days ago

527 N. Maple Street

Details
APN 056D A 00101
Property Type Office
Sub Type Medical Office
Square Footage 5,784
Cap Rate 6.10%
NOI $137,266
Tenancy Single
Brand/Tenant Hope bridge Autism Therapy Centers
Lease Type NNN
Lease Term 10
Lease Expiration 05/30/2030
Rent Bumps Yes
Lease Options Two (2), Five (5)-Year Renewal Options at 95% of Fair Market Value
Price per SqFt $389
Year Built 1936
Buildings 2
Stories 1
Acreage 0.580
Investment Type Net Lease
Lease Commencement 05/31/2020

Office | 6.10% CAP | 5,784 SqFt

Marketing description

The Charles Hawkins Co. is pleased to offer for sale, 527 N. Maple Street, a ±5,784 SF stand-alone medical office building near the heart of Murfreesboro, TN. The asset is well-positioned in an active commercial corridor in one of Middle Tennessee's largest and fastest-growing counties. The offering presents investors with a rare opportunity to acquire a well-established medical office building with stabilized occupancy and the possibility to create value through future rental growth and appreciation.

The asset is well - positioned minutes from downtown Murfreesboro with convenient interstate access

Immediately southeast of Nashville on the I-24 corridor, Rutherford County is one of Middle Tennessee’s fastest-growing counties. An average of 20 people a day are moving here. Fortune 500s like Amazon, Verizon, Nissan North America, General Mills, Bridgestone and more call Rutherford County home. 

Rutherford County is growing nearly two times faster than the state of Tennessee as a whole, according to the Boyd Center for Business and Economic Research at the University of Tennessee. 

According to data from UT Knoxville, Rutherford County is expected to gain more than 30,000 new residents in the next four years and 100,000 more in the next 10 years. 

The growth has led to expanding road networks, more schools being built, and more housing development throughout the county.


Investment highlights


Listing Contacts

TP
TN 320113, TN 320113
Charles Hawkins Co.
JM
TN 353235
Charles Hawkins Co.
Listed by Charles Hawkins Co.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$137,265.76
$11,438.81/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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Additional Information

Name
Tee Patterson, SIOR
License
320113
Name
Jake Morris
License
353235
Brokerage
Charles Hawkins Co/
Title
Senior Vice President, Brokerage
Brokerage Address
760 Melrose Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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