2838 Duplex RdSpring Hill, TN 37174

Property Details for 2838 Duplex Rd

Year built

2024

Lot size

1.40 AC

Property size (Sq ft)

16,670 SF

Property type

Mixed-use properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Spring Hill

County

Williamson

State

Tennessee

Latitude

35.7529

Longitude

-86.9022

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