Bill France Rd, Murfreesboro, GA, 37129, US
JLL Capital Markets is pleased to present the opportunity to acquire a multi parcel, +/- 1,450 acre development site (the “Property”) located east of Nashville between Lebanon and Murfreesboro, TN. Strategically positioned at the intersection of Interstate 840 and TN-452 (Bill France Blvd), the Property represents a generational development opportunity suited for a master-planned, mixed-use project.
The Property is situated in one of the best performing industrial corridors in the country, anchored by Speedway Industrial Park and the Nashville Superspeedway. Arterial Road 452 runs directly through the Property and provides significant frontage, ingress and egress for connection to the entire highway system serving the Nashville MSA and beyond.
Master Planned Industrial Development Opportunity:
The Property presents the incredible opportunity to build a prototype of future master-planned industrial parks, integrating distribution centers, manufacturing facility, office, retail, and residential communities as part of a transformational mixed- use hub.
Unprecedented Bulk Sale Offering:
At nearly 1,500 acres, the Nashville Megasite presents an unprecedented opportunity to purchase a generational development property just 40 minutes from Downtown Nashville in the best performing industrial submarket.
Irreplaceable Location in Nashville's Premier Industrial Submarket:
The Subject Property is ideally situated in one of the fastest growing industrial submarkets in the Southeast. Wilson County has experienced the fastest growth out of any industrial submarket in Nashville, with nearly 7,300,000 SF being absorbed in the past 12 months alone and an average asking rent of $8.61 PSF.
Rapidly Growing Residential Submarket:
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 #1 in the nation for real estate investment.