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14600067
18487332

133 Holiday Ct, Franklin, TN 37067

TK
TN 295753
Kelty Real Estate
Listed by Kelty Real Estate
$7,850,000
881 days on market
Updated 58 days ago

FOR SALE - HOLIDAY COURT BUSINESS CENTER -(NASHVILLE MSA)

Details
Property Type Office
Sub Type Traditional Office
Square Footage 31,200
Tenancy Multi
Lease Type NNN
Price per SqFt $252
Class B
Year Renovated 2023-2024
Buildings 1
Stories 2
Acreage 2.300

OWNER OCCUPY UP TO 5,000 SQ FT--NASHVILLE, TN MSA

Marketing description

CALL FOR OFFERS

ATTENTION DOCTORS AND MEDICAL PROVIDERS. THIS IS AN OPPORTUNITY TO OWN YOUR OWN PROPERTY NEAR WILLIAMSON MEDICAL CENTER AND VANDERBILT BONE AND JOINT. YOU WILL HAVE TENANTS TO PAY YOUR MORTGGE AND YOU CAN OCCUPY SPACE ALONG SIDE THEM. CURRENT ZONING ALLOWS FOR A6 STORY BUILDING AS FUTURE DEVELOPMENT POTENTIAL.

HOLIDAY COURT BUSINESS CENTER provides an owner occupant investor an unparalleled opportunity to acquire a meticulously renovated and strategically positioned commercial office building in the heart of Franklin, Tennessee. This 31,000+ square foot building, situated on 2.30 acres of prime real estate, is highly occupied and currently houses a diverse mix of 17 tenants, demonstrating its robust appeal to businesses seeking an optimal environment in the south Williamson County area. A distinctive feature of this offering is the allocation of approximately 7,500 square feet of available space that current ownership has exclusively reserved for an owner-occupant to establish their business for years to come. Moreover, the asset provides ample flexibility to expand and absorb additional space as leases expire, further providing an owner an avenue for substantial growth and customization.

Under the stewardship of the current ownership over the past 18 months, existing and new tenants have witnessed a substantial commitment to enhancing both the aesthetics and functionality of HOLIDAY COURT BUSINESS CENTER. Rigorous attention to detail has been employed to transition the asset from its original condition, resulting in a carefully upgraded building and property. Furthermore, all new leases have been meticulously crafted into a market-leading triple net format, covering not only the rentable square footage but also the common areas. This strategic move significantly mitigates a new owner's liabilities, setting the stage for a financially secure future. Also, the introduction of above-market rent escalators within these new leases positions the property as a symbol of the building’s potential for unparalleled rent growth. Without the necessity of immediate interventions or capital expenditure to bring rents to market rate, a new owner can seamlessly capitalize on this promising revenue stream.

The transformative improvements undertaken in 2023 further elevate the property's profile. Exterior repainting and custom lighting, lobby and restroom renovations, along with rejuvenated common areas boasting new paint, carpet, digital lobby signage, furniture, artwork, and suite signage, collectively contribute to an environment that exudes professionalism and modernity.

Beyond its current appeal, HOLIDAY COURT BUSINESS CENTER also provides a unique investment opportunity through its zoning advantages and exceptional visibility off Interstate 65 and Murfreesboro Road. The site's zoning, coupled with its prime location, positions it for substantial vertical redevelopment in the future, offering an additional avenue for value appreciation.

HOLIDAY COURT BUSINESS CENTER transcends the ordinary, presenting a rare opportunity for an owner-occupant investor to acquire a premium asset with a proven track record of success. The confluence of strategic renovations, favorable leases, and future redevelopment potential makes the asset an unrivaled proposition in the Franklin, Tennessee market. Seize this moment to elevate your financial future and secure a stake in a property that epitomizes quality and promise.

Investment highlights

Perfect opportunity for owner/user with additional rental income to help

offset occupancy costs. Also allows user to absorb space over time as their business grows. Priced well below replacement cost.

Listing Contacts

TK
TN 295753
Kelty Real Estate
Listed by Kelty Real Estate

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