Murfreesboro, Tennessee, is an attractive destination for investors seeking to capitalize on the city's growing retail sector. With a population of around 140,000, Murfreesboro offers a diverse range of retail properties for sale, providing opportunities for entrepreneurs and businesses to establish a strong presence in the area. Retail properties in Murfreesboro can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and restaurants. These properties often benefit from the city's excellent infrastructure, including the public transportation system, Rover, and the Murfreesboro Greenway System, which consists of 12 miles of paved paths and 11 trail heads. Additionally, Murfreesboro's location near Nashville International Airport, Smyrna Airport, and Murfreesboro Municipal Airport makes it an ideal spot for businesses that require easy access to transportation hubs. The city's strong educational institutions, such as Middle Tennessee State University, and major employers like National Healthcare Corporation (NHC) and Bank of America, contribute to a robust economy and a high demand for retail services. With its rich history, cultural attractions, and natural amenities, Murfreesboro is an excellent place to invest in retail properties, offering a unique blend of small-town charm and big-city amenities.
Murfreesboro's retail properties for sale offer a range of opportunities for investors, with 13 listings currently available. In addition to retail properties, the city is home to a variety of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Murfreesboro, such as The Avenue Murfreesboro, offer a mix of local boutiques and national chain stores, while restaurants like The Alley on Main and Five Senses Coffee House provide a diverse range of dining options. Office properties in the city, such as the Murfreesboro Office Park, cater to a range of businesses, from startups to established corporations. Hotels like the Embassy Suites by Hilton Murfreesboro and the Hampton Inn & Suites Murfreesboro offer comfortable accommodations for visitors and business travelers alike. With its diverse economy, rich history, and natural amenities, Murfreesboro is an attractive destination for investors seeking to capitalize on the city's growing retail sector.
What is the average cap rate for retail properties in Murfreesboro?
When it comes to investing in retail properties in Murfreesboro, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Murfreesboro is 5.88%, which can help investors gauge the potential return on investment; for a deeper dive into this important metric, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Murfreesboro, Tennessee, the location of a retail property plays a significant role in determining its value, with properties situated in areas with high foot traffic, such as downtown Murfreesboro or near Middle Tennessee State University, typically commanding higher prices due to their proximity to a large customer base. For example, with 13 available listings of retail properties, the average price per square foot is $520 USD, and the average size is 10,825 square feet, with the largest property spanning 48,926 square feet, highlighting the importance of location in driving property values.
