The subject Car Wash benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, hospitality accommodations, and academic institutions. Major national tenants in the area include Walmart, Kroger, Lowes, OfficeMax, Big Lots, Dollar Tree, Burger King, Chick-fil-A, Pizza Hut, McDonald’s, Waffle House, Taco Bell, as well as many more. The subject property benefits from being within a ten-mile radius of several academic institutions. Most notable of these being Vanderbilt University and University of Tennessee. The University of Tennessee is located just under four-miles from this Car Wash and has a total enrollment exceeding 21,980 students. Vanderbilt University which is located approximately eight-miles from the subject property has a total enrollment exceeding 6,800 students. The subject Car Wash benefits from being less than seven miles from Nashville International Airport. Nashville International Airport is a public/military airport and serviced over 15,000,000 passengers in 2018.
The site is situated on Nolensville Pike which has an average daily traffic count of 29,100 vehicles. Nolensville Pike intersects Old Hickory Boulevard, which brings an additional 34,392 vehicles into the immediate area per day. There are approximately 99,629 individuals within a three-mile radius of this property and 185,999 individuals within a five-mile radius. The subject Car Wash benefits from being located in an affluent community. The average household income within a three-mile radius is $82,611.
Nashville is the capital of the state of Tennessee and the county seat of Davidson County. The city is a center of music, healthcare, publishing, banking, and transportation industries, and it is also home to various colleges and universities. Nashville is known as the “home of country music” and has become a major music and production center. The city also hosts the CMA music festival, a four-day event featuring performances by country music stars that is accompanied with other activities for country music fans. Although Nashville is known for its music, the largest industry is health care. Nashville is home to more than 300 health care companies, including Hospital Corporation of America, the world’s largest private operator of hospitals. Vanderbilt University and Medical Center is the city’s largest employer with more than 23,000 employees. There are numerous universities and colleges located in Nashville, including: Vanderbilt University, Belmont University, Tennessee State University, Lipscomb University, and Nashville State Community College, which have a total enrollment of approximately 44,000 students.
