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Granwood Village Neighborhood Shopping Center
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4331 Old Hickory Blvd, Old Hickory, TN 37138

Neighborhood retail center at a signalized intersection with established anchor tenancy.

Property Size44,698 SF
Price / SF$100.68
Days on Market117

Property Features for 4331 Old Hickory Blvd

General Information

Standard status Active
Size 44,698 SF
Class B
Total Parking Spaces 202
Property subtype Retail
Zoning R15, Commercial Planned Unit Development
Occupancy 100%
Investment Type Core+
Net Operating Income $352,220

Site & Location

Anchor Co-Tenants Urban Air
Traffic Count 25,000 vehicles/day

Building Details

Year Built 1999
Tenancy Multi
Listing Agency: CBRE - Atlanta
Listed By: Rachel Smith · License #GA 426598
Source: Crexi
Added: May 7 Changed: Aug 30 Last Checked: Aug 30 at 10:27PM

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 CBRE - Atlanta

Investment Insights

Based on property information with market context.

Granwood Village is a 44,698 SF neighborhood shopping center completed in 1999. The property is anchored by Urban Air, which has operated at the center since 2018 and recently executed a two-year renewal extension with a rent increase. The center is zoned R15, Commercial Planned Unit Development.

The property occupies the signalized intersection of Granwood Blvd and Old Hickory Blvd in the Hermitage-Donelson submarket of Tennessee. Old Hickory Blvd records nearly 25K VPD and provides access within the Nashville market. Nashville International Airport is approximately 15 minutes away. Home Depot, Lowe’s Home Improvement, Whataburger, Hobby Lobby, Chipotle, and Kroger are located south of the center along Old Hickory Blvd.

Key Highlights

  • 44,698 SF neighborhood shopping center completed in 1999
  • Anchored by Urban Air, operating at the center since 2018
  • Urban Air recently signed a two‑year renewal extension with a rent increase

Property Analytics

Current Use

Cordell Insurance Agency Insurance Agency Urban Air Trampoline ... Arcade & Gaming Center Care Dry Cleaners (Bike/Boat/Book/etc) Store Urban Air Adventure ... Family Recreation Center House of Tailors (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Building Supply Restaurant Auto Repair Shop Real Estate Agency Nail Salon

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

25,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

104
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Speedway Shops & Services
16,379 visits/mo 0.1 miles

Demographics for 37138, TN

23,631
Population
9,905
Households
2.4
Avg Household Size
43
Median Age
40%
College-Educated
94%
High-School Grad
17.9 sq mi
ZIP Area
1,320
Density / Sq Mi
$87,450
Median Household Income
$54,738
Median Earnings
$1,427
Median Rent
$347,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood retail center at a signalized intersection with established anchor tenancy.
Where is this shopping center located?
The property is located at 4331 Old Hickory Blvd Old Hickory, TN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 44,698 SF neighborhood shopping center completed in 1999; Anchored by Urban Air, operating at the center since 2018; Urban Air recently signed a two‑year renewal extension with a rent increase
More about this property
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