1641 Memorial Blvd 3,690 SF 100% Leased Retail Building Murfreesboro, TN 37129 $3,541,275 CAD ($959.70 CAD/SF) 6% Cap Rate

Foundry Commercial is pleased to present 1641 Memorial Boulevard – 100% leased, two-tenant net-leased retail property in Murfreesboro, Tennessee offering a 10-year weighted average lease term and true passive income with minimal landlord responsibilities.
Starbucks, a corporate credit tenant with a drive-thru, recently exercised its 10-year renewal option after more than a decade of successful operation at this location. Pita Way, a well established Mediterranean quick-service concept founded in 2010 with 40+ locations nationwide, has executed a brand new 10-year lease for their latest concept Hummus & Garlic. Together, the rent roll delivers exceptional long-term income visibility with no near-term rollover risk.
The property is located in one of the fastest-growing cities in the United States, driven by strong job growth, affordability, and proximity to Nashville. The site benefits from a dense trade area with more than 140,000 residents within a five-mile radius and is just 2.5 miles from Middle Tennessee State University, which enrolls over 20,000 students.
This offering provides investors with durable, passive income supported by strong credit tenants, long-term lease security, and exposure to one of the most attractive growth markets in the Southeast. For additional information, please contact Ally Lanahan at 831-238-1131. To access the deal room, visit the property website at www.1641MemorialBlvd.com.
*Hummus & Garlic conceptualized signage; opening Summer 2026