Bowie Commons
7014 City Center Way, Fairview, TN 37062, United States

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CBRE’s NRP-Midwest team is pleased to present Bowie Commons - a 79,316 SF grocery anchored neighborhood center located at 7014 City Center Way in Fairview, TN.

Bowie Commons is strategically located at "main and main" in Fairview, Tennessee (Suburban Nashville). The offering presents a rare opportunity to own a highly productive, stabilized grocery-anchored center, with a long-term Publix lease in one of the most highly regarded investment markets in the US.

 
Investment Highlights
+ Publix-Anchored Advantage:   Bowie Commons benefits from a long-term lease with Publix, one of the leading grocers in the middle Tennessee market.

+ Buy Austin Five Years Ago:  Nashville and Austin have led the nation in Job growth for the past several years, enjoy comparable population growth, and boast similar "culture and commerce."

+ The South's Red-Hot Town:  With a foundation in healthcare, music and higher education, as well a progressive metro government, Nashville is ranked among the top cities in the nation for job growth, coupled with a cost of living that is 13% below the national average. 

+ Leasing Momentum:  Within the past year ownership has leased approximately 5,742 square feet of shop space bringing occupancy to 92%.

+ Leasing and Development Upside:  Four shop vacancies totaling 6,213 square feet remain, allowing for cash flow growth and additional cross-shopping opportunities. In addition, two undeveloped outparcels are included in the offering.

+ Internet Resistant Rent Roll:  Approximately 89% of the occupied GLA is comprised of grocery, service, and restaurant tenants who are not impacted by on-line competitors. 

+ Free and Clear Offering:  Bowie Commons is offered free and clear of existing debt.

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