Larry Dwyer - Commercial Real Estate Showcase

Larry Dwyer Property Listings
Orange Realty Group
6230 McLeod Dr
Suite 100
Las Vegas, NV 89120
(702) 617-0000

1006 Memorial Boulevard - O’Charley’s

Murfreesboro, TN 37129 - Rutherford County Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1986
Building Size:6,516 SF Land Area:1.99 AC (86,684 SF)
For Sale Price:$3,500,000 Price/SF:$537.14
Cap Rate:6.20 %
Parking:148 Surface spaces are available

Predominant land uses and competitors in the local market include La Petite Academy, Middle Tennessee State University, Wendy's, Donut Country, CVS Drug Store, Dunkin Donuts, Logans Roadhouse, Hooters, Popeyes, Burger King, Chili's, Jimmy John, Subway, Taco Bell, Pizza Hut, Hardee's, McDonalds, AutoZone, a Sonic, Koji Express Japanese Grill, Walgreens, Auto dealerships & two new banks. Supportive single and multi family residential development is located in the surrounding area. All brick building, huge double lot and lush landscaping.

Sale Notes:
MOTIVATED SELLER with OTHER interests. PLEASE DO NOT BOTHER EMPLOYEES! Street to street, 1.99 acre lot. O'Charley' s, Inc. is headquartered in Nashville, TN. & has over 200 locations in 17 states. O'Charley' s, Inc. was purchased by Fidelity National Finance and taken private. American Blue Ribbon Holdings, LLC is a subsidiary of Fidelity National Finance. American Blue Ribbon Holdings, LLC and its subsidiaries operate several concepts: O' Charley's Restaurant & Bar, 99 Restaurants, Village Inn, Max & Erma' s, Baker' s Square, and Legendary Baking. Annual Rent Increases of 1.75%*. Primary 20 year Lease Expires 10/31/23 PLUS 4 Five Year Options to Extend the Lease. CURRENT ANNUAL NET RENT $218,523. NEXT RENT INCREASE OF 1.75%* OCT. 17, 2016 *See Rent Addendum. SEND QUESTIONS or COMMENTS by EMAIL. They always find me. RARELY AVAILABLE FOR PHONE CALLS.

Orange Realty Group
Larry Dwyer
(702) 617-0000

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">1006 Memorial Boulevard - O’Charley’s, Murfreesboro, TN - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2016 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map