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420 W Main St Gallatin, TN 37066

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For Sale
$2,875,000

100% occupied retail strip with national tenants and rental increases.

Lot size:
2.20 Acres

Property Features for 420 W Main St

General Information

Lot size
2.20 Acres

Source: Marcus & Millichap | Nashville Agent Jody Mckibben

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Gallatin Retail Strip For Sale

This 100% occupied, two-tenant retail strip center features a synergistic mix of national tenants operating under NNN leases. The property is priced below replacement cost and includes 10% rental increases throughout the initial term and option periods. Positioned along the area's traffic and retail corridor, the site benefits from easy access and excellent visibility, with daily traffic counts exceeding 25,000 vehicles. Harbor Freight, operating over 1,600 locations nationwide with over $8 billion in annual revenue and a Ba3 Moody's rating, is a key tenant. The other tenant, Genuine Parts Co., NAPA's parent company, earns $23.49 billion annually and holds a BBB investment-grade rating from S&P. The site benefits from proximity to one of the fastest-growing metropolitan areas in the country, as Gallatin's population has surged over 25% in the last decade. Gallatin frequently ranks among the top "Best Cities to Live" in Tennessee due to its affordability, public safety, public schools, and overall quality of life for families and professionals. The property is near Sumner with Ascension Saint Thomas, a 167-bed acute care hospital offering comprehensive services. The immediate area is experiencing major growth and is located in a rapidly growing community with robust demographics, near several retail and housing developments under construction. The property is situated in a strong daytime employment area, surrounded by numerous established distribution centers, industrial, and manufacturing plants, providing a large base of employees within walking distance or a short drive.
Insight Report Location Intelligence

Current Use by Public Records

higi Health Consultant Harbor Freight Tools Hardware Store NAPA Auto Parts Auto Parts Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gallatin
County
Sumner
State
Tennessee
Longitude
-86.4383
Latitude
36.390703

FAQs

What type of property is this?
Strip mall - 100% occupied retail strip with national tenants and rental increases.
Where is this strip mall located?
The property is located at 420 W Main St Gallatin, TN.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: - 100% Occupied 2-Tenant Strip with National Tenants on NNN Leases, providing stable income.; - Tenants include Harbor Freight (Ba3 Moody's) and NAPA's Parent Company, Genuine Parts Co. (BBB S&P), indicating financial stability.; - Features **10% Rental Increases** throughout the Initial Term and Options, enhancing investment returns.
More about this property
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