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Hillsboro Shoppes 3708 Hillsboro Pike 18,169 SF 100% Leased Retail Building Nashville, TN 37215 $12,800,000 ($704.50/SF) 5.25% Cap Rate
Investment Highlights
- Prime Green Hills Location
- Prominent Tenancy
- High Traffic Count and Excellent Visibility
- Close Proximity to the Mall at Green Hills
- Nashville's Most Affluent Submarket
- Value Add Opportunities
Executive Summary
Colliers International is the exclusive sale advisor for Hillsboro Shoppes – a premier asset in Nashville’s most desirable retail submarket of Green Hills. Starbucks has been in the center for over twenty years and several tenants have below market rents with no renewal options. A portion of the center has recently been redeveloped to include lifestyle tenants Naturepedic and Next Health. Green Hills is the heart of Nashville’s wealth corridor bordered by Belle Meade to the west and Forrest Hills / Brentwood to the south. The Mall at Green Hills and Hill Center Green Hills are nearby and feature the highest concentration of luxury brands in the state. The 18,000 SF offering is a chance to acquire a generational asset with upside in a market that has massive barriers to entry.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
18,169 SF
Building Class
B
Year Built
1965
Price
$12,800,000
Price Per SF
$704.50
Cap Rate
5.25%
NOI
$672,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
1.36 AC
Zoning
SCR - Shopping Center Regional
Parking
77 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
73’ on Hillsboro Pike
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Naturepedic
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Naturepedic | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 117-11-0-055 | Improvements Assessment | $844,160 |
| Land Assessment | $2,798,320 | Total Assessment | $3,642,480 |
Property Taxes
Parcel Number
117-11-0-055
Land Assessment
$2,798,320
Improvements Assessment
$844,160
Total Assessment
$3,642,480
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Hillsboro Shoppes | 3708 Hillsboro Pike
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