Brentwood Place Shopping Center_Property for Sale

300-330 Franklin Rd, Brentwood, TN, 37027-3280, US

Brentwood Place Shopping Center

Asset description

Jones Lang LaSalle is pleased to exclusively present Brentwood Place Shopping Center: a super-regional and nationally dominant retail center located in one of the most affluent corridors in Nashville, TN. The property is leased to a best-in-class tenant line up consisting of several national, strong credit tenants including T.J. Maxx, Home Goods, Nordstrom Rack, Total Wine, Golf Galaxy, Chick-Fil-A, & many more.

The Property currently presents value creation potential and mark-to-market opportunity (4.0%+ CAGR). Significant opportunity to add a grocer within the hold period, and high barriers to entry promote the center as an incredible investment opportunity.

The Nashville MSA boasts itself as the 4th fastest growing MSA in the nation, #1 best city to live, and the #1 hottest job market.

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Attributes

Building area net

29,632 sm

Occupancy

95%

Year built

1973

Year renovated

2016

Land area net

12.12 ha

Media

Investment highlights

Generational, infill real estate with high barriers to entry
· Nashville MSA - one of the most sought after investment markets in the United States
Located in Brentwood, TN Nashville’s most affluent submarket (AHHI: $224k+)
Significant value creation potential via several mark-to-market opportunities (over 4.0% CAGR)
Several opportunities to add a grocer throughout the hold period Kroger does not have an exclusive
Accretive assumable in-place financing Sep-29 maturity / 3.5% all in rate / Full Term I/O