ELAMROAD COMMERCE PARK

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Ophelia Sims
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1 DEVELOPMENT OR LARGE CORPORATE USER SITE +/-288 ACRES FOR SALE ELAMROAD COMMERCE PARK MURFREESBORO, TN HOME HIGHLIGHTS SITE INFO ZONING PROCESS LOCATION LINKS

2 The Offering Cushman & Wakefield, as exclusive broker, is pleased to present to qualified investors/developers/corporate users, on a fee simple basis, the Elam Road Commerce Park, an approximately 288 acre land site located in Murfreesboro, Tennessee. Located 35 miles southeast of downtown Nashville, Tennessee, the site has approximately 140 acres of useable land with the potential to support 2.4 million square feet of modern bulk distribution, light industrial and manufacturing buildings with immediate access to Interstate 24. Highlights Direct access to I-24 Near a rapidly growing community Proven area for E-Commerce Peak of the development cycle New parkway serving the site Blank canvas for large corporate users or developers Site could be subdivided Possibility exists for City to reroute Elam Road Excellent labor force Location Southwest corner of I-24 and Joe B. Jackson Parkway Property Size 288 Acres Acres Useable (mostly cleared) Zoning Currently zoned agricultural, but local government is willing to annex and zone industrial (See zoning processs section for details) Topography Mostly level Utilities All available Airport Nashville International Airport is located 28 Miles northwest of the site and can be accessed via Interstate 24 Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

3 Aerial view from the south +/- 140 Useable Acres

Aerial from the east Cushman & Wakefield Copyright 2016.

4 Aerial from the east Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Aerial view from the southeast Cushman & Wakefield Copyright 2016.

5 Aerial view from the southeast Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

6 Preliminary Concept Development Plan 2.4 MILLION SQUARE FEET

7 Proposed Road Relocation Due to the intersection of Elam Road and Joe B. Jackson Parkway currently being too close to the Interstate 24 interchange, per Tennessee Department of Transportation codes and Elam Road also being a substandard road pending any additional development in the area, the expectation is that Elam Road will be relocated to a new, but yet undetermined, location through the property. At this point, with no engineering work performed, the city and state would work with the owner of the property to determine the most beneficial path for the relocation. This site plan is one example of how Elam Road could be relocated through the site.

8 HOME HIGHLIGHTS SITE INFO ZONING PROCESS LOCATION LINKS Site Topography

9 HOME HIGHLIGHTS SITE INFO ZONING PROCESS LOCATION LINKS CRS Bing Map Floodplain Map APPROXIMATELY 148 ACRES WITHIN FLOODPLAIN APPROXIMATELY 140 ACRES USEABLE

10 HOME HIGHLIGHTS SITE INFO ZONING PROCESS LOCATION LINKS Utility Map NOT DO ENTER NOT DO ENTER eating 15 dom state c± 20 mazon 15 dom state c± Consolidation Utility District Water Line Sanitary Sewer Line Atmos Gas Line 15 #

11 Zoning Process CITY OF MURFREESBORO Annexation/Zoning Process The Planning Commission is responsible for coordinating the physical development of the community by developing comprehensive land use plans, zoning regulations, a major thoroughfare plan and other plans and ordinances. The Planning Commission reviews and approves subdivision plats and site plans and, after public hearings, makes recommendations to the City Council on planned developments, zoning, and annexations. The Planning Commission consists of 7 Commissioners, including 2 City Council members. The Planning Commission meets on the first Wednesday of each month at 7:00 p.m. in the City Council Chambers and on the third Wednesday of each month at 1:00 p.m. Preliminary Preparation When the City of Murfreesboro expands its corporate boundaries to include adjoining areas, it does this through the annexation process. In Murfreesboro, approximately 95% of all annexations are requested by the property owners. In most cases, the property owner submits a letter to the planning commission requesting annexation in order to receive city services. Planning Commission Hearing The city s seven-member Planning Commission conducts a public hearing after a legal notice and map are published in The Murfreesboro Post and sent to all property owners within 250 feet of the proposed area of annexation. Signs are also posted on the property. At the scheduled public hearing, any interested person may address the Planning Commission for or against the proposed annexation. The Planning Commission also reviews a plan for services, which is prepared by the city s planning staff. The plan for services assesses the impact of the annexation on police, fire, water / sewer, schools, and other city services. The Planning Commission will recommend to City Council approval or denial of the annexation. City Council Hearing After receiving the Planning Commission s recommendation, the City Council conducts a public hearing following the same notification procedures. An annexation ordinance is considered by the City Council, which requires three readings. If approved on third and final reading, an annexation is effective 30 days later. When the petition for annexation also has a zoning plan request for the subject property, the Planning Commission and City Council may consider a proposed zoning ordinance simultaneously with the annexation request. In which event, the Commission may hold a public hearing for the zoning plan immediately after the public hearing for annexation. In like manner, Council may hold a public hearing for the zoning plan immediately after the public hearing for annexation. The zoning ordinance may be voted on separately but at the same meeting as the annexation ordinance. Developer Responsibilities In most cases, annexed land is undeveloped. As the newly annexed property is developed, the developer is responsible for building and funding utilities and roads. Cost There is a $600 non-refundable application fee to apply for annexation/rezoning.

12 Map Location Truck Transit from Murfreesboro to anywhere in the U.S. Nashville, TN Murfreesboro Air Travel from Murfreesboro to major U.S. destinations LOCATION 35 Miles to Downtown Nashville 28 Miles to Nashville International Airport Murfreesboro

13 Rutherford County, TN Community Profile Ebuys, Inc th 13th More than 2,700 Ebuys, Inc. announced the company will open a new 600,000 SF distribution facility in La Vergne. The global online shoe retailer will create approximately 340 new jobs in Rutherford County as part of the expansion. cost of living index vs. National Average of 100 Source: 2016 ACCRA Cost of Living Index in the U.S. for job growth from Feb Feb Source: U.S. Bureau of Labor Statistics Top 10 Private Sector Employers Company Employees Nissan North America, Inc. 8,400 Amazon Fulfullment Center 2,530 State Farm Insurance Co. 1,662 Ingram Content Group 1,500 Asurion 1,250 St. Thomas Rutherford Hospital 1,100 Verizon Wireless 1,068 General Mills 1,050 Bridgestone Americas, Inc. 1,010 Adient 1,000 Taylor Farms 1,000 fastest growing city in America, between July 1, 2014 and July 1, 2015 Source: U.S. Department of Commerce Quick Facts new jobs were created in 2015 and $667 million in capital investments were made from 5 relocations and 11 existing company expansions Rutherford County 2016 Population: 299, Projection: 324,948 City of Murfreesboro 2016 Population: 127, Projection: 138,139 Education FedEx Federal Express will build a 1 million square foot distribution facility in Murfreesboro. The $189.5 million investment will create an estimated 41 full-time jobs with an average wage of $53,500 and 160 full-time equivalent, part-time jobs at $24,000 annually. Middle Tennessee State University Rutherford County Schools Murfreesboro Enrollment: 42,626 Enrollment: 23,881 Total Graduates: 4,950 (2015) Murfreesboro City Schools Enrollment: 7,411 Motlow College Approximately 4,000 high school Smyrna graduates per year Enrollment: 2,100 TN College of Applied Technology Murfreesboro Enrollment: 361 Cushman & Wakefield Copyright No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

14 Related links: Water and Sewer

326 Daniel Zenker Drive

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