Listed by Colliers - Huntsville, Alabama, Colliers - Charlotte, North Carolina, Colliers - Nashville, Tennessee
$7,500,000
7408 Tennessee Excavating Dr
Details
APN 033-108.14
Property Type Retail, Office
Square Footage 21,846
Occupancy 31%
Tenancy Multi
Pro-Forma NOI $631,374
Price per SqFt $343
Year Built 2022
Buildings 1
Stories 2
Acreage 1.070
Zoning Commercial Use
Parking Spaces 46 spaces
Parking Per SqFt 2.11
Investment Type Value Add
Retail | 21,846 SqFt
Marketing description
7408 Tennessee Excavating Drive is a newly constructed asset featuring modern building systems and contemporary design. Its recent delivery minimizes near-term capital expenditure requirements, allowing investors to focus on leasing execution and income growth rather than immediate property improvements. Located within the Nashville MSA, one of the Southeast's fastest-growing markets, the property benefits from its position in Nolensville, one of the region's fastest-growing suburban communities.
The property presents an opportunity to attract a diverse mix of medical, fitness, financial, and pet-service tenants that are currently underrepresented in the immediate market. With strategic capital investment and tenant improvement allowances, future ownership can enhance the merchandising mix, improve credit quality, and create a more durable and institutionally attractive income stream.
Investment highlights
- Robust & Growing Demographics - There are 99K people within a 5-mile radius of the site, which are supported by an average household income of $174K. The surrounding population is also projected to see continued growth over the next five years, further enhancing the area's long-term potential. Additionally, Nolensville is emerging as a growing suburb of Nashville.
- Nashville MSA Growth Story - Located within the Nashville MSA, one of the Southeast's fastest-growing markets, the property benefits from its position in Nolensville, one of the region's fastest-growing suburban communities. The population within a 5-mile radius is projected to increase by approximately 11% over the next five years, supporting long-term retail demand and investment appeal.
- Destination Tenant with Long-Term Commitment - Ryan Swim Academy serves as a destination-oriented tenant, drawing families from across the trade area and generating consistent daily traffic to the property. The tenant recently executed a new 10-year lease, reinforcing its commitment to the location and providing long-term income stability.
- New Construction - 7408 Tennessee Excavating Drive is a newly constructed asset featuring modern building systems and contemporary design. Its recent delivery minimizes near-term capital expenditure requirements, allowing investors to focus on leasing execution and income growth rather than immediate property improvements.
- Landlord Control & Value-Add Opportunity - Existing vacancy provide ownership with meaningful control over the future merchandising and economics of the property. The ability to backfill vacant space, upgrade tenancy, and push rents offers a compelling growth opportunity.
- Tenant Upgrade Opportunity - The property presents an opportunity to attract a diverse mix of medical, fitness, financial, and pet-service tenants that are currently underrepresented in the immediate market. With strategic capital investment and tenant improvement allowances, future ownership can enhance the merchandising mix, improve credit quality, and create a more durable and institutionally attractive income stream.
Listing Contacts
Listed by Colliers - Huntsville, Alabama, Colliers - Charlotte, North Carolina, Colliers - Nashville, Tennessee
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Zoning
CD-OI MixedMixed UseCharacter District Office Industrial
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View all 203 uses Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics
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