River Rock Blvd Development
Mixed Use | 6.50% CAP | 12,840 SqFt
Marketing description
Positioned on approximately 8 acres in a rapidly expanding corridor of Murfreesboro, the former "Racquet Club" site presents a rare mixed-use investment opportunity with both stabilized assets and significant value-add potential.
The property currently features two newly constructed brick office/retail buildings, a large warehouse with integrated office space, and an active outdoor pickleball facility—offering immediate income-generating capability across multiple asset types.
A key differentiator is the site's direct access to Tommy Bragg Drive, a newly completed connector providing seamless connectivity to Costco and the high-traffic New Salem Highway corridor. This enhanced infrastructure significantly increases visibility, accessibility, and long-term commercial viability.
Additionally, the property includes a vacant, road-front parcel ideally positioned for future development or pad-ready expansion, allowing investors to capitalize on continued growth in the surrounding trade area.
The rear of the site boasts over 300 feet of frontage along the Stones River, offering a unique natural amenity that supports potential placemaking, recreational enhancements, or premium positioning for future development.
Investment highlights
- Building A (7,800 SF @ $24/SF) = $187,200 Yearly Rent
- Building B (5,000 SF @ $24/SF) = $120,000 Yearly Rent
- Building 605 Office (8,015 SF @ $18/SF) = $144,270 Yearly Rent
- Building 605 Warehouse (17,459 SF @ $16/SF) = $279,344 Yearly Rent
- Outdoor Pickleball Courts = $180,000 Yearly Rent
- Vacant Lot Valuation = $1,000,000
- Total Valuation at 6.5% = $15,012,523
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