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302 Innovation Dr
Franklin, TN 37067
Two Greenway Centre · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Ideally located within the wealthiest county in the state and top ten wealthiest counties in the nation.
- Custom cherry-wood clad lobby with granite tile floors.
- Rare dual-feed power service
- Benefit of comparatively low Williamson County taxes, operating expenses, leasing costs, and concessions.
- Outdoor seating and multi-use trail.
- 35+ dining options, 70+ retailers, 8 hotels, and 7 fitness studios within a 5-minute drive.
EXECUTIVE SUMMARY
Located in the heart of Franklin’s thriving Cool Springs district, 302 Innovation Drive is surrounded by the region’s most significant growth and amenities. The property lies at the epicenter of major new developments – including the recently completed McEwen Northside and the upcoming Ovation mixed-use projects – which collectively represent over $2 billion of investment in the immediate area. Just a stone’s throw away is the Cool Springs Galleria mall (less than a mile from the site), home to hundreds of national retailers and restaurants that provide unparalleled convenience for tenants and visitors alike. The Cool Springs submarket is also a corporate hub, with major tenants like Nissan North America’s headquarters and Mars Petcare’s global headquarters established nearby, lending prestige and a strong business ecosystem to this location. In short, 302 Innovation Dr. offers an elite Class A environment with immediate access to shopping, dining, and world-class developments.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
156,033 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Price
$36,000,000
Price Per SF
$230.72
Cap Rate
9.50%
NOI
$3,420,000
Percent Leased
89%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
31,206 SF
Building FAR
0.22
Lot Size
16.06 AC
Zoning
RC6 - Commercial Mixed-Use
Parking
639 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Fitness Center
- Security System
- Shower Facilities
PROPERTY TAXES
| Parcel Number | 062-014.15 | Improvements Assessment | $12,423,160 |
| Land Assessment | $5,324,200 | Total Assessment | $17,747,360 |
PROPERTY TAXES
Parcel Number
062-014.15
Land Assessment
$5,324,200
Improvements Assessment
$12,423,160
Total Assessment
$17,747,360
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