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City Barbeque 115 N Thompson Ln 4,500 SF Retail Building Murfreesboro, TN 37129 $4,303,287 CAD ($956.29 CAD/SF) 6.25% Cap Rate
Investment Highlights
- RENT GROWTH WITHIN LONG TERM LEASE
- TOP TIER MSA
- NEW CONSTRUCTION ACCOMPANIED BY SOLID NATIONAL RETAILERS
Executive Summary
RENT GROWTH WITHIN LONG TERM LEASE
- 15 Year Abs. NNN - Ground Lease
- 10% rental increases every 5 years including options
- Three (3) - five (5) year options
- Zero Landlord responsibilities
FAST GROWING BRAND
- Corporate Guarantee by City BBQ who currently has over 70 locations
- Expected growth of 100+ stores by the end of 2025
- City BBQ AUV is $3.7M
NEW CONSTRUCTION ACCOMPANIED BY SOLID NATIONAL RETAILERS
- Newly built City BBQ on Thompson lane which is a key route through Rutherford County
- Within 1-mile of site 4.1M SF of retail space
- Adjacent to a Walmart Supercenter & nearby Lowes
TOP TIER MSA
- Retail employment in the Nashville-Davidson-Murfreesboro-Franklin MSA rose from approximately 103.7 thousand in 2022 to 106,800 the following year
- Average unemployment rate of 3.2% coupled by increased retail spending limits
- Retail Vacancy sits at 3.1% in Q1 2025
HIGH-VISIBILITY CORRIDOR
- Thompson lane is one of Rutherford counties busiest arterials carrying over 20,000 VPDProperty benefits from both commuter and destination traffic
- Corridor provides access to I-24 linking Murfreesboro to downtown Nashville in under 30 min
- Ongoing infrastructure includes TDOT’s Thompson Lane widening initiative
INCOME GROWTH & YOUNG WORKFORCE
- 2.65% annual population increase YoY
- Median age in Murfreesboro is 31 years (10-years below national average) & AHHI for ages 25-44 is $77,000
- Affluent and professional demographics contribute to above-average retail sales per capita ($18,400)
- 15 Year Abs. NNN - Ground Lease
- 10% rental increases every 5 years including options
- Three (3) - five (5) year options
- Zero Landlord responsibilities
FAST GROWING BRAND
- Corporate Guarantee by City BBQ who currently has over 70 locations
- Expected growth of 100+ stores by the end of 2025
- City BBQ AUV is $3.7M
NEW CONSTRUCTION ACCOMPANIED BY SOLID NATIONAL RETAILERS
- Newly built City BBQ on Thompson lane which is a key route through Rutherford County
- Within 1-mile of site 4.1M SF of retail space
- Adjacent to a Walmart Supercenter & nearby Lowes
TOP TIER MSA
- Retail employment in the Nashville-Davidson-Murfreesboro-Franklin MSA rose from approximately 103.7 thousand in 2022 to 106,800 the following year
- Average unemployment rate of 3.2% coupled by increased retail spending limits
- Retail Vacancy sits at 3.1% in Q1 2025
HIGH-VISIBILITY CORRIDOR
- Thompson lane is one of Rutherford counties busiest arterials carrying over 20,000 VPDProperty benefits from both commuter and destination traffic
- Corridor provides access to I-24 linking Murfreesboro to downtown Nashville in under 30 min
- Ongoing infrastructure includes TDOT’s Thompson Lane widening initiative
INCOME GROWTH & YOUNG WORKFORCE
- 2.65% annual population increase YoY
- Median age in Murfreesboro is 31 years (10-years below national average) & AHHI for ages 25-44 is $77,000
- Affluent and professional demographics contribute to above-average retail sales per capita ($18,400)
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,500 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,303,287 CAD
Price Per SF
$956.29 CAD
Cap Rate
6.25%
NOI
$268,955 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.16 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- City BBQ
- -
- 4,500 SF
- -
- Aug 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| City BBQ | - | 4,500 SF | - | Aug 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 092-027.36-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $595,781 CAD | Total Assessment | $595,781 CAD |
Property Taxes
Parcel Number
092-027.36-000
Land Assessment
$595,781 CAD
Improvements Assessment
$0 CAD
Total Assessment
$595,781 CAD
Contacts
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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City Barbeque | 115 N Thompson Ln
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