Murfreesboro, TN (Nashville MSA) 37128

Andy's Frozen Custard

Property Address

4307 Franklin Road, Murfreesboro, TN, USA

Offering Summary

  • Price: $3,965,940
  • Lot Size: 1.21 Acres
  • Cap Rate: 5.00%
  • Year Built: 2022
  • Building SF: 1,500
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • 4 Unit Franchisee with Plans to Open 3 More Locations by 2024
  • Rapidly Growing Trade Area - Households Projected to Increase 29%+ within a 1-Mile Radius by 2026
  • 101,452 Residents within a 5-Mile Radius - Nashville MSA
  • Tennessee Has No State Income Tax
  • Excellent Visibility and Easy Access Along Franklin Road (17,000+ Cars/Day) with Direct Access to the I-24 Freeway (2 Miles) and Downtown Murfreesboro (5 Miles)
  • Adjacent to Market at Victory Village, Anchored by Publix Super Market
  • Located a Short 15-Minute Drive from 22,000 College Students at Middle Tennessee State University
  • Average Household Income Exceeds $91,000 within a 3-Mile Radius
  • Heavily Residential Area with Several New Apartment/Townhome Developments

Broker Information