Fully Leased Retail/Office Investment
2354 Highway 41 Greenbrier, TN 37073
2354 Highway 41, Greenbrier, TN, 37073
$5,950,000
For Sale
$5,950,000
Fully leased retail/office property with diverse tenant mix in Greenbrier.
Property Size36,850 SF
Price / SF$161.47
Days on Market423
Property Features for 2354 Highway 41
General Information
- Standard status
- Active
- Size
- 36,850 SF
Building Details
- Year Built
- 2000
Listing Agency
BROKER HEADQUARTERS GROUP
(615) 859-6978
Listed by
JOY LAMBERSON MCNAUGHTEN · License #215392
Source
Corcoran
Added: May 23, 2025 Checked: Mar 16 at 9:09 am
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 BROKER HEADQUARTERS GROUP
Investment Insights
Based on property information with market context.
This fully leased retail/office property is located on the main road in Greenbrier, Tennessee. The property is situated within the same block as the new Greenbrier City Hall, Greenbrier Middle School, Greenbrier High School, and the Police and Fire Department. The property, with a size of 36850 square feet, hosts a diverse mix of tenants, including an ATM, an investment advisor, four restaurants, two clothing stores, a dry cleaner/alterations shop, a barber shop, a nail salon, a gym, an appliance repair service, and a church. The property also features two billboards. Upcoming projects in the area include a Waffle House, Twice Daly with Nashville Hot Chicken, and a grant to build a park.
Key Highlights
- Fully leased retail/office property offering immediate income.
- High‑traffic location on main road near City Hall, Middle School, High School, Police, and Fire Department ensures consistent visibility.
- Diverse tenant mix including restaurants, clothing stores, services, gym, and church.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $663.3k | $18.00 |
| − Vacancy | −$56.4k | −$1.53 |
| EGI | $606.9k | $16.47 |
| − OpEx | −$182.1k | −$4.94 |
| NOI | $424.8k | $11.53 |
36,850 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.07M
$5.31M – $7.08M
NOI $424,844 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.80M
$9.45M – $12.60M
NOI $756,162 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quik Fit 24/7
Gym & Fitness Center
Mindy's Alterations & Design
(Bike/Boat/Book/etc) Store
Southern Wave Boutique
Clothing & Fashion Store
Randy Florendo
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Greenbrier Plaza — 2239 US-41, Greenbrier, TN 37073
FAQs
What type of property is this?
Shopping center - Fully leased retail/office property with diverse tenant mix in Greenbrier.
Where is this shopping center located?
The property is located at 2354 Highway 41 Greenbrier, TN.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Fully leased retail/office property offering immediate income.; High‑traffic location on main road near City Hall, Middle School, High School, Police, and Fire Department ensures consistent visibility.; Diverse tenant mix including restaurants, clothing stores, services, gym, and church.
