3031 MEDICAL CENTER PARKWAY, MURFREESBORO, TN
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3031 MEDICAL CENTER PARKWAY, MURFREESBORO, TN
Transcript of 3031 MEDICAL CENTER PARKWAY, MURFREESBORO, TN
3031 MEDICAL CENTER PARKWAY, MURFREESBORO, TN
HIGHLIGHTS New 2018 Construction in the Nashville MSA
Top 10 Fastest Growing City in the U.S. for Cities with over 100,000 People
Strategically located between I-24, a massive 800,000 sf Lifestyle Center, hundreds of multifamily
units, 6 hotels, and near the 2nd largest college in the state, Middle Tennessee State University
Long Term Leases with Scheduled Rent Increases
CareNow’s parent company, HCA, is ranked 63rd in the Fortune 100
HCA is the Largest For-Profit Hospital Operator in the U.S. based on Number of Hospitals (177)
Dunkin’ Donuts had over 9,000 locations in the U.S. and over $8 Billion in Sales for 2016
Bluemont Group, LLC is an established 30+ Unit Dunkin’ Donuts Franchisee
Tennessee has No State Income Tax
INVESTMENT HIGHLIGHTS
Murfreesboro, Tennessee
Murfreesboro is the county seat of Rutherford County, and is located within the Nashville metropolitan area, which includes a thirteen counties area and a population of over 1,800,000 (2016). Home to Middle Tennessee State University and it’s enrollment of over 22,000+ students, Murfreesboro is Tennessee's fastest growing major city and one of the fastest growing cities in the country. The city has nearly doubled in size from the year 2000 (Pop: 68,816) to 2016 (Pop: 131,947).
As of 2016, the top employers in the city are: Nissan North America (8,000 Jobs), Rutherford County Government (6,073), Middle Tennessee State University (2,205), National HealthCare Corp (2,017), and Ingram Content Group (2,000), State Farm Insurance (1,650), Amazon (1,550), St. Thomas Rutherford Hospital (1,400), Alvin C. York VA Medical Center (1,300), Asurion(1,250), Verizon (1,068), Bridgestone (1,010), the City of Murfreesboro (960), and Schneider Electric (900).
The subject site sits in the middle of the largest upscale retail area in town, The Avenues Shopping Center, fronting on MedicalCenter Parkway with a traffic count of nearly 35,000 cars per day. The Avenue’s is anchored by Belk, Dicks, Barnes & Noble, Petco, Michael’s and an Embassy Suites Hotel & Conference Center. The 800,000sf shopping center has been an economic driver in the area, spurring major adjacent retail projects, medical facilities, large office complex and the highest-density multifamily in the region, with tons of remaining development land ready to go. The St. Thomas Rutherford Hospital is another huge driver in the immediate area with it’s workforce of over 1,400 less than a mile and a half away.
MARKET SUMMARY
2017 MARKET PROFILE 3 mi. 5 mi. 10 mi.
Population 39,166 108,201 242,900
Annual Growth Rate (2017-2022) 2.96% 2.40% 2.38%
Households 14,812 41,700 89,975
Average Household Income $80,028 $74,170 $74,242
Median Age 34.5 33.7 33.7
SITE PHOTO
Actual Location
SITE PHOTO
Actual Location
SITE
TRAFFIC MAP
Nashville
Int’l Airport
MARKET AERIAL
SITE
BlackmanHigh School
BlackmanMiddle School
BlackmanElementary
St ThomasRutherford Hospital
(1,400 Jobs)
SUBMARKET AERIAL
SITE
SITE AERIAL
160+ Multifamily Units
SITE PLAN
HOSPITAL CORPORATION OF AMERICA – FACT SHEET
DUNKIN’ DONUTS – FACT SHEET
INVESTMENT CONTACT
McALISTER & YOUNGHUNTER OLDACRE
[email protected] 615-260-7331
125 Belle Forest Circle #103Nashville, Tennessee 37221
