For Sale
$9,700,000

4222 Century Farms TerNashville, TN 37013

Prime Panera Bread anchored center, 5.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail investment opportunity presents a 11,300 square foot, multi-tenant property located at 4222 Century Farms Ter, Nashville, TN 37013. The property boasts a strong tenant lineup including Panera Bread (with a double drive-thru), Xfinity, Encore Nails, and Ideal Dental, all operating under NNN leases with corporate guarantees. The 100% occupied center benefits from a 5.50% cap rate and a substantial NOI of $533,450. Built in 2024, this property sits on a 1.61-acre lot in a high-growth area, just 10 miles from downtown Nashville and 5 miles from the Nashville International Airport. The strategic location is a hard-signalized corner within the 300-acre Century Farms mixed-use development, enjoying high visibility with over 173,000 vehicles passing daily. The property benefits from its proximity to major retailers such as Tanger Outlets, and future developments including Chick-fil-A, In-N-Out Burger, and PopStroke. Further enhancing its appeal are the adjacent 1,900 upscale multifamily residential units and five upcoming hotels. Leases include 10% rent bumps every five years, and landlord responsibilities are limited to roof and structure maintenance. Tenants cover all CAM, taxes, and insurance on a pro-rata basis. Tennessee's favorable no-state-income-tax environment adds to the investment's attractiveness. This is a rare opportunity to acquire a high-performing, well-located retail asset in one of Nashville's fastest-growing areas. The asking price is $9,700,000.

Highlights

  • Hard corner lot at signalized intersection within Century Farms, a 300-acre mixed-use development.
  • Double drive-thru Panera Bread with high traffic counts (173,000+ vehicles per day) near I-24.
  • Excellent co-tenancy with Chick-fil-A, In-N-Out Burger, and PopStroke planned nearby.
  • Anchored by a successful Tanger Outlets with 70 retail brands.
  • Triple Net (NNN) leases; landlord responsibilities limited to roof and structure.
  • Adjacent to a 1,900-unit upscale multifamily development.

Property Details for 4222 Century Farms Ter

Property type
Lifestyle centers, Power centers
Square Feet
11,300 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
70,132 SF

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.03398637149
Longitude
-86.650174142373
4222 Century Farms Ter, Nashville, Tennessee

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4222 Century Farms Ter
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