Rutherford County is known as the Heart of Tennessee and is the exact geographic center of the State. Over the past few years, Murfreesboro and Rutherford County have experienced record setting growth. Rutherford County has a strong economy with a very diverse mixture of various businesses and industry, a low unemployment rate and a vibrant retail and restaurant market.
The potential for commercial real estate investment is excellent. Rutherford County is the fastest growing county in the state and is currently the 5th most populated county. Experts believe that economic indicators all point toward continued growth at a steady pace. The future of commercial real estate in Murfreesboro and Rutherford County is excellent.
Located only 35 miles south east of downtown Nashville, the quality of life and affordable housing is one of the major factors in the unprecedented growth found in the Murfreesboro area. With the booming growth and population comes the expected increase in retail and businesses seeking to relocate or expand to the Murfreesboro and Rutherford County Market. Just recently we have added multiple Starbucks franchises, Bone Fish Grill, Carrabas, Auto Zone, and Panera Bread to the list of local businesses. Embassy Suites is currently constructing a new hotel/convention center to open on Medical Center Parkway located next to The Avenue which is an upscale retail shopping, restaurant, and business center also opening in the fall of 2007. Verizon Call center also relocated to the Murfreesboro area and maintains a large headquarters in the Cason Lane area of the city.
The Oaks shopping center is now opened which is anchored by Bed, Bath & Beyond, Marshall\'s, Ashley Furniture, Ross Dress for Less and H. H. Gregg. Additional phases of this center have also been added which include The Peanut Gallery, Fleet Feet, Jasons Deli, Moes Southwestern Grill, Rejuvenate, and Mocha Java. This 32 acre development is located on Thompson Lane just off of the I24 Medical Center Parkway exit. This new area of growth is referred to as The Gateway which consists of 800 acres of private and city-owned property. With an estimate population of 83,000 and growing, commercial investors feel confident that the city can support, and even demands, the growth of businesses being added to the city. Publix Grocery Stores have also started construction on three new stores to be opened in 2007.
The largest undergraduate university in the state, MTSU or Middle Tennessee State University, is also located here. The large number of college students also continues to provide a large demand for various retail and restaurant businesses in the area. The local schools have earned the Governor\'s A-Plus Award for Excellence in Education. Education is considered a top priority within the community and the Chamber of Commerce sponsors programs through local Businesses to provide educational programs to benefit the local private and public school students.
Investors are pleased to find attractive cap rates and a positive return on their investment with commercial real estate purchases in the Murfreesboro and Rutherford County area. If you are interested in investing in commercial real estate or commercial land in Murfreesboro and Rutherford County market, please call me at 615-566-3789 or by email at info@SolonTN.com. I would be happy to assist you in your search for available commercial properties ranging from multi-family homes to large retail developments.
