Kensington Place Outparcel — Lease in Murfreesboro, TN

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Murfreesboro, TN 37130

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Kensington Place Outparcel — Lease in Murfreesboro, TN, photo 1 of 1

Description

±0.99 AC For Sale, Ground Lease or Build to Suit - Outparcel of +/- 70,588 SF fully leased, Publix-Anchored shopping center - 0.99 AC - Up to +/- 4,200 SF with Drive Thru and Ample Parking - Located in rapidly growing Murfreesboro, nearby MTSU (the largest university in TN)

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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