This Retail Property is no longer advertised on LoopNet.com.

1214 Gallatin Ave
Nashville, TN 37206
Retail Property For Sale

Property Facts

Property Type
Retail
Building Size
14,700 SF
Year Built
2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
1.13 AC
Zoning
SP
Frontage
281’ on GALLATIN AVE

About 1214 GALLATIN AVE , NASHVILLE, TN 37206

The Shoppes on Gallatin Ave. is a recently completed, 14,981 SF Class-A retail center located in the heart of East Nashville. Fronting Gallatin Avenue, this center is ideally situated with more than 26,222 cars per day traveling past the site. This on-street retail center offers a healthy mix of tenants,—over 60% of the space is leased by tenants in the medical industry—resulting in heavy foot traffic. The Shoppes completed its lease up campaign in less than one year and is now 100% leased and fully stabilized. All rents are set to commence by August 2019 and several of the retailers are already open and paying rent. With the exception of one, all of the leases are 10-year terms. This, coupled with market rent escalations, ensures years of durable cash flow with solid income appreciation for investors. The Shoppes on Gallatin Ave. is one of the few ground-up, Class-A retail buildings to be constructed in the East Nashville neighborhood. With its unrivaled tenant mix, this asset is strongly positioned to be a legacy asset.

Property Taxes

Property Taxes

Parcel Number
083-01-0-466-00
Land Assessment
$1,673,600
Improvements Assessment
$1,223,840
Total Assessment
$2,897,440
  • Listing ID: 16325233

  • Date on Market: 6/12/2019

  • Last Updated:

  • Address: 1214 Gallatin Ave, Nashville, TN 37206

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