Volunteer Village
247 West Main Street, Hendersonville, TN 37075, United States
 
Executive Summary   Property Overview
CBRE is pleased to offer for sale Volunteer Village, a value-add neighborhood center located in an affluent suburban market within the Nashville metro area. The center is 100% occupied but has several tenants at below market rents, which provides immediate upside potential. In addition, Volunteer Village is situated at a strategic corner within the heart of the trade area and is well-suited for a long-term redevelopment play. Volunteer Village provides an investor with the rare combination of stable cash flow from tenants with long tenures at the center plus several value enhancement opportunities.

Investment Highlights
  • Strategic Corner
  • Value-Add Opportunity
  • Leasing Upside / Below Market Rents
  • Seasoned Tenancy
  • Affluent Demographics
  • Premier Suburban Residential Market
Address
 
247 West Main Street, Hendersonville, TN 37075
GLA ± 22,427 SF
NOI $193,912
Price $2,500,000
Cap Rate 7.76%
Price PSF $111
Occupancy 100%
Site Size ± 2.13 AC
 
Year Built 1965 / 1986
Zoning GC - General Commercial
Tenants



 
Our Place Cafe, Jersey Mike’s, China Wok, Edward Jones, 1st Place Trophy, Dr. McNichols, Captain Video, Medicine Shoppe, Vapors, Geneses Hair Design, Shelter Insurance


 

CBRE
+1 (615) 248-1161
CBRE
+1 (615) 248-1171