Retail Shops at Plaza
3943-3961 Nolensville Pike Nashville, TN
For Sale
Contact for pricing
32,900 SF retail shops near Plaza Mariachi for sale.
Property Size32,900 SF
Lot Size10.63 Acres
Price / SF$324.53
Days on Market241
Property Features for 3943-3961 Nolensville Pike
General Information
Standard status
Active
Size
32,900 SF
Lot size
10.63 Acres
Property subtype
RETAIL
Listing Agency:
Colliers | Nashville
(615) 850-2764
Listed By:
Jim Morris · License #270138
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:51AM
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 Colliers | Nashville
Investment Insights
Based on property information with market context.
The Shops at Plaza Mariachi in Nashville, TN, are available for sale. The offering includes three buildings totaling approximately 32,900 square feet of retail shop space. The shops are leased to a mix of locally owned businesses and national brands. These shops surround Plaza Mariachi, a cultural hub and tourist destination. Plaza Mariachi operates in the anchor space and is not part of the sale. The Nolensville Road corridor of south Nashville has a high traffic count and is a densely populated area.
Key Highlights
- High‑traffic location on Nolensville Road in densely populated South Nashville.
- Well‑leased retail space totaling approximately 32,900 SF.
- Mixture of locally owned businesses and national brands as tenants.
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 | $592.2k | $18.00 |
| − Vacancy | −$50.3k | −$1.53 |
| EGI | $541.9k | $16.47 |
| − OpEx | −$162.6k | −$4.94 |
| NOI | $379.3k | $11.53 |
32,900 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.42M
$4.74M – $6.32M
NOI $379,304 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.38M
$7.33M – $9.77M
NOI $586,278 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Harding Plaza — 415 Harding Pl Suite-B, Nashville, TN 37211
- L'actone Nashville — 3955 Nolensville Pk, Nashville, TN 37211
- Plaza Mariachi — 3995 Nolensville Pk, Nashville, TN 37211
- تسوق — 393 Elysian Fields Ct, Nashville, TN 37211
- Plaza Mariachi — 3955 Nolensville Pk, Nashville, TN 37211
Frequently Asked Questions
What type of property is this?
Shopping center - 32,900 SF retail shops near Plaza Mariachi for sale.
Where is this shopping center located?
The property is located at 3943-3961 Nolensville Pike Nashville, TN.
What is the asking price?
The asking price for this property is $10,677,000.
What are key features of this property?
This property features: High‑traffic location on Nolensville Road in densely populated South Nashville.; Well‑leased retail space totaling approximately 32,900 SF.; Mixture of locally owned businesses and national brands as tenants.
