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Spring Hill Mixed-Use Development 2838 Duplex rd

16,670 SF 100% Leased Retail Building Spring Hill, TN 37174 $11,000,000 ($660/SF) 6.30% Cap Rate

Investment Highlights

  • Experiential Retail & Complementary Tenant Lineup
  • Proximity to the Largest GM Manufacturing Facility in North America - 4,500 Employees
  • Substantial Retail & Residential Developments Under Construction Nearby
  • Adjacent to New Childcare Center & Class-A Medical Office
  • Booming Population Growth
  • $12 Million Construction Project Underway to Widen Duplex Rd.

Executive Summary

The Property is a brand new 16,670 square-foot retail center positioned on 1.4 acres of land and is currently being leased to seven (7) best-in-class tenants. BA Coffee, Don Arturo's Mexican Grill, Saladworks, Smile Dentistry, Unity Chiropractic, and Whiskey Hounds offer a unique and diverse shopping experience for customers and complement the needs of the neighboring daycare center, medical office building, and surrounding residents. Each tenant is operating under a new ten (10) year lease with attractive rent bumps.
The Property is ideally positioned within a dense mixed-use development featuring a new Learning Experience preschool and a three-story medical office staffed by Williamson Medical Group physicians, Bone and Joint Institute of Tennessee physicians, along with offices for primary care (family and internal medicine), laboratory services, orthopaedic urgent care, an orthopaedic physician clinic and physical therapy.
The Property is ideally positioned on a corner lot at the signalized, four-way intersection of Duplex Rd and Port Royal Rd with direct visibility to approximately to 10,024 vehicles per day and easy access to the Interstate 65 interchange.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,670 SF
Building Class
B
Year Built
2024
Price
$11,000,000
Price Per SF
$660
Cap Rate
6.30%
NOI
$693,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
1.40 AC
Zoning
C - Commercial
Parking
73 Spaces (4.38 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • G
  • 2,400 SF
  • Retail
  • In-Line
  • 30 Days
Space Size Space Use Position Available
G 2,400 SF Retail In-Line 30 Days

G

Size
2,400 SF
Space Use
Retail
Position
In-Line
Available
30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
167-018.06-000
Land Assessment
$150,120
Improvements Assessment
$0
Total Assessment
$150,120
  • Listing ID: 33286776

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 2838 Duplex rd, Spring Hill, TN 37174

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