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New Retail Shopping Center
For Sale
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Pending

1501 Green Lea Blvd, Gallatin, TN 37066

Brand new retail shopping center on a signalized intersection with space available now and additional delivery planned for 2020.

Property SizeContact for details
Days on Market142

Property Features for 1501 Green Lea Blvd

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Miracle Real Estate Partners
Listed By: Thomas Coffman · License #TN
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 29 at 1:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miracle Real Estate Partners

Investment Insights

Based on property information with market context.

A brand new shopping center is being delivered in summer 2020, with retail, restaurant, and medical space planned on-site. The center is positioned facing Highway 386 and Greenlea Blvd and includes more than 70,000 square feet of planned tenant space, with 6,000 SF available now. An additional 20,000 SF of multi-tenant space is scheduled for delivery in the fourth quarter of 2020, and a standalone drive-thru restaurant pad is also available.

The project will include a signalized intersection with a traffic light planned for installation in the fourth quarter of 2020, supporting full ingress and egress to Greenlea Blvd. The site offers visibility to Highway 386 and Greenlea, with the remarks citing traffic of 42,237 cars per day on Highway 386 and 6,711 cars per day on Greenlea. Surrounding development referenced in the remarks includes St. Thomas Medical Partners, Gap distribution centers, Fairview Plantation, and Volunteer State College, with a Holiday Inn planned to open in summer 2021.

This offering also provides the option to purchase up to 3.85 acres for sale or ground lease, depending on the buyer’s needs.

Key Highlights

  • Brand new shopping center facing Highway 386 and Greenlea Blvd, with delivery planned for summer 2020
  • Signalized intersection with light to be installed 4th Quarter 2020 for full ingress and egress to Greenlea Blvd
  • More than 70,000 SF of retail, restaurants, and medical space, including Grant's Kitchen, Los Amigos, 386 Dental Studio, 1440 Fitness, and Speedway

Property Analytics

Current Use

Well 386 Business Administration Service

Suggested Use

Top Pick Storage Facility Veterinary Clinic Real Estate Agency Grocery & Convenience Store Garden Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55
Businesses Nearby
Well-served
Demand for This Use

Demographics for 37066, TN

59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Shoppes at Hunter Pointe Gallatin, TN 37066

Frequently Asked Questions

What type of property is this?
Shopping center - Brand new retail shopping center on a signalized intersection with space available now and additional delivery planned for 2020.
Where is this shopping center located?
The property is located at 1501 Green Lea Blvd Gallatin, TN.
What are key features of this property?
This property features: Brand new shopping center facing Highway 386 and Greenlea Blvd, with delivery planned for summer 2020; Signalized intersection with light to be installed 4th Quarter 2020 for full ingress and egress to Greenlea Blvd; More than 70,000 SF of retail, restaurants, and medical space, including Grant's Kitchen, Los Amigos, 386 Dental Studio, 1440 Fitness, and Speedway
More about this property
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