The Offering
Located along the Interstate 840 corridor between Lebanon and Murfreesboro, TN, the Property sits in unincorporated Wilson County and is zoned C-4 allowing for distribution, warehouse, and a variety of other commercial uses.
The Property is situated in one of the best performing bulk corridors in the country, anchored by Speedway Industrial Park and the Nashville Superspeedway. Route 452 runs directly through the Property and provides significant frontage, ingress and egress for connection to both I-24 and I-40, in addition to the highway system serving the Nashville MSA. The Property presents a compelling opportunity for a market newcomer to gain a foothold in this dynamic and growing market.
Unprecedented growth in the region is spurring significant demand for warehouse space, homes and amenities. Rents for Class-A industrial properties in Wilson County have grown an astounding 134% in the past 10 years, with a 15.32% increase from 2021-2022. Rutherford and Wilson Counties alone have added 100,000 new residents over the past 10 years, while only 15,000 new homes were built in the same time period. Commercial development has also lagged, creating a generational opportunity to acquire land.
Property Details
| Address: | Highway 452, Murfreesboro, TN 37129 |
| Property Size: | +/- 462.05 Acres |
| Current Zoning: | C-4 |
| Jurisdiction: | Wilson County |
| Utilities: | All Avaliable |
| Entitled Industrial FAR: | 5,000,000+ SF |
Investment Highlights
5M+ Square Feet of Industrial Development: The scale of the Property allows for users of all sizes and optionality of building configurations.
Entitled with Utilities and a Clear Path to Development: Significant due diligence completed, including utility capacity/feasibility, hydrological determinations and site planning. Sewer capacity has been approved by the local jurisdictions and utility provider, unlocking near-term development of the property.
Irreplaceable Location in Nashville's Premier Industrial Market: The 840 Loop is a proven submarket for e-commerce and one of the fastest growing industrial submarkets in the Southeast. Rents have grown an astounding 50% in the past 4 years, with vacancy rates between 2.8% and 4.6% during the past 18 months.
Deep Labor Market with Growth Projected: Population growth in Rutherford and Wilson County has exploded in recent years, with the combined population growing by 100,000 residents since 2011. In the past 12 months, market rent for residential properties in Murfreesboro, Smyrna, and Lebanon has increased by 20%.
#1 Investment Market in the U.S: ULI’s 2022 Emerging Trends Report ranked Nashville the #1 market for real estate investment. 12 million people live within 2.5 hour drive of the Property.
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