For Sale
$11,000,000

2838 Duplex Rd Spring Hill, TN 37174

High-Yield, 7-Tenant Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 16,670 square-foot retail center in Spring Hill, Tennessee, presents a compelling investment opportunity. Located on a 1.4-acre corner lot at the signalized intersection of Duplex Rd and Port Royal Rd, this property boasts exceptional visibility to approximately 10,024 vehicles daily and convenient access to Interstate 65. The center is fully occupied (100%) by seven diverse, best-in-class tenants, each under a new 10-year lease with attractive rent bumps (details available in the Offering Memorandum). The current Net Operating Income (NOI) is $692,231, yielding a 6.30% cap rate. Built in 2024, this single-building, mixed-use property benefits from a prime location within a thriving mixed-use development, adjacent to a new preschool and a three-story medical office building. The surrounding area features a dense residential community, a nearby school district, and the proximity to the largest GM manufacturing facility in North America. Significant ongoing development, including a $12 million road widening project, further enhances the property's long-term value. This fee-simple ownership offers limited landlord responsibilities and benefits from Tennessee's income tax-free status. The property's tenant mix includes BA Coffee, Don Arturo's Mexican Grill, Saladworks, Smile Dentistry, Unity Chiropractic, and Whiskey Hounds, creating a unique and complementary shopping experience. Detailed lease information and rent bump schedules are available in the Offering Memorandum. This is a truly exceptional opportunity to acquire a high-performing, net-lease retail investment in a rapidly growing market. Asking price: $11,000,000.

Highlights

  • Experiential retail center with a strong tenant mix.
  • Adjacent to a new childcare center and Class-A medical office building.
  • High traffic location near GM's largest North American manufacturing facility (4,500 employees).
  • Strong population growth in the area.
  • Significant retail and residential development underway nearby.
  • $12 million road widening project (Duplex Rd.) underway.

Property Details for 2838 Duplex Rd

Property type
Lifestyle centers, Power centers
Square Feet
16,670 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
60,984 SF
Units
7

Location Insight

City
Spring Hill
County
Williamson
State
Tennessee
Latitude
35.752862478049
Longitude
-86.902188228309

FAQs

What type of property is this?
Lifestyle center - High-Yield, 7-Tenant Shopping Center
Where is the lifestyle center located?
The property is located at 2838 Duplex Rd Spring Hill, TN.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Experiential retail center with a strong tenant mix.; Adjacent to a new childcare center and Class-A medical office building.; High traffic location near GM's largest North American manufacturing facility (4,500 employees).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2838 Duplex Rd
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