
Pinnacle Bank - Mt Juliet, TN (N Mt. Juliet Rd)
551 N Mt Juliet Rd, Mt. Juliet, TN, 37122, US
35,292 平方呎
Jones Lang LaSalle (JLL), as exclusive advisor, presents the
opportunity to acquire Aspen Grove, a two-building, Class A
office campus totaling 207,591 SF in Nashville’s premier Cool
Springs submarket. Currently 66% occupied with a 5.2-year
weighted average lease term, this value-add institutional
asset offers a rare combination of durable in-place income,
immediate lease-up upside, and long-term development
optionality. The campus comprises Aspen Grove I (85,929
SF, built 1999) and Aspen Grove II (121,662 SF, built 2006),
situated on 18 acres with direct access to Nashville’s most visited
retail node, drawing 32.1 million annual visitors.
The Asset sits within the “McEwen Halo,” a proven
institutional investment corridor commanding premium
rents on the strength of its amenity base, affluent
demographics ($179,362 average household income), and
dense daytime population (156,063 within five miles).
Recent leasing activity underscores the near-term value creation
story. Tenants signed approximately 69,000 SF of
leases — 33% of GLA — over the past 18 months, achieving a
new high-water mark rental rate of $36.00 FSG. In addition,
the Cool Springs Submarket recorded more than 234,000 SF
of positive absorption YTD in 2026, and comparable assets in
the McEwen Halo are achieving rental rates of $42.00–$54.00
FSG, creating substantial mark-to-market upside at Aspen
Grove as leases roll through 2031.
Beyond lease-up of existing vacancy through additional
spec suites, the 18-acre site offers a potential “covered land”
opportunity to unlock future value. These dynamics position
Aspen Grove as an institutionally maintained asset with a
clear path to outsized returns in one of Nashville’s premier
suburban submarkets.


