921 Cherokee AveNashville, TN 37207

Property Details for 921 Cherokee Ave

Year built

1954

Property size (Sq ft)

8,247 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

072-09-1Q-002-00

APU

072091Q00200

Description

This exceptional 24,705 square foot shopping center in Nashville, TN, presents a compelling investment opportunity. Located at 921 Cherokee Ave, in the rapidly developing East Nashville submarket, this 100% occupied, stabilized asset boasts a prime location within a thriving community. Built in 2023, the center features a diverse tenant mix including established brands like Frankies Spuntino, Switchyards, Benji's Bagels, and Burn Boot Camp, all benefiting from strong lease terms with built-in annual rent increases and long-term contracts (three of four tenants have over eight years remaining). The property sits on a 1.18-acre lot (APN: 072091Q00200CO) and benefits from significant population growth in the area – a 15% increase within a 1-mile radius since 2020, with projected growth of 12.1% over the next five years. The average household income within a 3-mile radius is $112,125, and the median age is 33.8 years, indicating a strong millennial demographic. The property's adjacency to the Flats at Laurel & Pine (a 166-unit multifamily development) ensures high foot traffic. Furthermore, minimal near-term capital expenditures are anticipated due to recent upgrades including new roofs and HVAC systems completed during the 2023 redevelopment. This investment offers a stable income stream with significant upside potential driven by the area's robust growth trajectory and strong tenant base. The property's location in Davidson County, zip code 37207, provides easy access to major transportation routes and amenities.

• Alternative Use

  Use

  Valuation

  Residential

  $1,630,718

  Hospitality

  $1,493,729

  Educational

  $1,242,765

  Medical

  $1,285,505

  Retail

  $1,933,190

Location Insight

City

Nashville

County

Davidson

State

Tennessee

Latitude

36.2016

Longitude

-86.7486

CBSA code

34980

CBSA name

NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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