Prichard Foods Marketplace | Alexandria, TN
Prichard Foods Marketplace | Alexandria, TN
Marketing description
Prichard Foods Marketplace is a ±16,740 square foot commercial building situated on approximately ±5.63 acres of commercially zoned land in Alexandria, Tennessee, offering exceptional frontage, scale, and redevelopment flexibility. The property has historically operated as a community grocery store and remains a recognizable local retail anchor, providing built-in brand equity while allowing a future owner to reposition or rebrand the site for higher and better use.
The site features an expansive paved parking field with the ability to re-stripe for up to approximately ±100 spaces, creating strong support for retail, medical, service, or mixed-use concepts. Access is provided from the main corridor with excellent visibility and ingress/egress, making the property suitable for both owner-users and investors seeking a stabilized or redevelopment play.
A unique attribute of the property is a flat, elevated corner acre located at the top portion of the site, offering an ideal pad location for a future outparcel or ground lease opportunity. This area is well suited for a coffee shop, quick-service restaurant, financial branch, or other high-traffic retail use, allowing a buyer to create an additional income stream without disrupting the main structure.
Zoned commercial, the property supports a wide range of potential uses including grocery, retail, restaurant, medical, fitness, storage, community services, or multi-tenant retail conversion. The large land-to-building ratio provides long-term optionality for phased development, expansion, or parcelization.
Prichard Foods Marketplace presents a rare opportunity to acquire a sizeable commercial footprint with legacy community recognition, redevelopment upside, and pad-site monetization potential in a growing Middle Tennessee market.
Investment highlights
Investment Highlights
• Rare Grocery + Fuel Scale Asset – There are no other grocery stores with fuel pumps within an approximate 5–7 mile radius that match the scale, parking, and land footprint of Prichard Foods Marketplace, creating a unique retail positioning and limited local competition.
• ±16,740 SF Building on ±5.63 Acres – Exceptional land-to-building ratio provides flexibility for continued operation, re-tenanting, expansion, or phased redevelopment.
• Commercial Zoning – Supports a wide range of retail, service, restaurant, medical, and mixed-use concepts.
• Community Retail Anchor – Longstanding grocery use provides built-in consumer recognition and traffic generation for future retail or service users.
• Pad Site & Ground Lease Opportunity – Flat, elevated ±1-acre corner pad offers ideal positioning for a future coffee shop, QSR, or financial branch, creating an additional income stream without impacting the main building.
• Parking Upside – Large paved lot with potential to re-stripe to approximately ±100 spaces, supporting higher-density retail or multi-tenant conversion.
• Strong Access & Visibility – Positioned along a primary corridor with easy ingress and egress and strong daily traffic exposure.
• Value-Add & Repositioning Potential – Suitable for grocery continuation, specialty food market, fitness, medical, discount retail, or conversion to multi-tenant retail plaza.
• Limited Local Competition at This Scale – One of the only properties in the trade area capable of serving as a true neighborhood retail hub with fuel, parking, and expansion capacity.
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