2056-2088 Gallatin Pike N - Department Store FOR SALE
Madison, TN 37115 |
2056-2088 Gallatin Pike N
Madison, TN 37115
HIGHLIGHTS
- Regional shopping center in the Nashville market shadow-anchored by Target and RiverGate Mall
- Nashville ranked #1 city for economic growth in 2021
- Main retail corridor: Hwy 31 has 30,580 VPD and The Village at RiverGate attracts 1.2M visits annually according to Placer.AI
- Leasing upside: R&R Dance leases 8,000 SF at $2.25 PSF gross while market rates are mid to low teens PSF NNN. Landlord has the right to terminate
- Target completed a major interior and exterior renovation in 2021 adjacent to the property, showing further commitment to the site
- Customers stay on the site an average of 45 minutes
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Village At Rivergate
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
TOTAL BUILDING SIZE
64106
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
854
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
026-14-0-045
