424 N Thompson Lane — Lease in Murfreesboro, TN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Murfreesboro, TN 37129

Photos

424 N Thompson Lane — Lease in Murfreesboro, TN, photo 1 of 2
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Property Highlights

The city of Murfreesboro is located approximately 35 miles southeast of Nashville in Rutherford County. With a population of over 150,000, the city has ranked among the 15 fastest growing cities in the US and first in Tennessee. Murfreesboro is also home to Middle Tennessee State University, which has a student enrollment of over 21,913 students. Located less than a mile from Interstate 24 and Stones River Mall, the subject property sitsat the signalized intersection of N Thompson Lane and Robert Rose Drive.

  • Former freestanding bank with four lane drive-thru on hard corner
  • Building size: 3,321 SF
  • Lot size: 0.85 AC
  • Existing curb cuts on N Thompson Lane and Robert Rose Drive provide convenient access from both roadways
  • Excellent visibility and prominent monument signage
  • Traffic counts: 25,000 VPD
  • Ideal uses: Financial institution, QSR, coffee, light medical, oil/lube, automotive, c-store, etc
  • Nearby retailers: Walmart Supercenter, Target, Homegoods, ULTA, Chipotle, Whataburger, Valvoline, Starbucks, RaceTrac, SunTrust Bank

Source: broker marketing brochure

Market Context

This retail in Murfreesboro, TN is listed for lease. Compare it against other retail listings for lease in Murfreesboro, TN — view the full market.

As of Q1 2026, the Nashville retail market showed rents up 4.2% year over year, and cap rates around 6.2%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Nashville?
About 6.2% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$1.58/SF/mo – $2.37/SF/mo

Mid: $1.97/SF/mo

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