Listing Agency: CBRE | Nashville f***@cbre.com Show Phone

Listed By: Frank Thomasson · License #309760 Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 9 Last Checked: May 19 at 9:14PM

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Investment Insights

Based on property information with market context.

This is a 6,250 square foot, two-story, free-standing retail space, identified as a second-generation retail space. It is located at 1601 21st Avenue S in Hillsboro Village, nestled between Vanderbilt and Belmont Universities. The area features shops, cafes, and restaurants within four square blocks, making it a popular destination for students and locals. The neighborhood includes bungalows and historic buildings, creating an inviting atmosphere with architecture and green spaces, blending Nashville’s academia, history, and culture.

Key Highlights

• 6,250 SF Free Standing Retail Space
• 2nd Generation Retail Space
• Located in Hillsboro Village

Property Analytics

Property Profile

Current Use

Central BBQ (Hillsboro) Restaurant

Suggested Use

Top Pick Law Firm HVAC Service Kitchen & Bath Showroom Building Supply Plumbing Service (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)

Lease Type

$8.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,114

Businesses Nearby

68k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 74% Shops & Services 20% Apparel 5% Groceries 1%

Panera Bread Dining

13,196 visits/mo 0.4 miles

Starbucks Dining

10,564 visits/mo 0.5 miles

Dunkin' Donuts Dining

5,748 visits/mo 0.5 miles

Bank of America Shops & Services

5,297 visits/mo 0.3 miles

Domino's Pizza Dining

4,901 visits/mo 0.3 miles

Market

Lease Benchmarks for Nashville, TN

$26.34 /SF/Yr

Avg Asking Price

$1.58–$55 /SF/Yr

Price Range

14,089 SF

Avg Space Size

This space is priced 109% above the average of $26.34 /SF/Yr.

Vacancy Rate% for Retail in Nashville, TN

4% 2019

5.4% 2020

3.8% 2021

2.6% 2022

2.1% 2023

2.4% 2024

3.7% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Two-story, 6,250 SF retail space in Hillsboro Village.

Where is this retail space located?

The property is located at 1601 21st Avenue South Nashville, TN.

What is the lease rate?

The lease rate is $55 SF/Yr.

What are key features of this property?

This property features: 6,250 SF Free Standing Retail Space; 2nd Generation Retail Space; Located in Hillsboro Village