Multi-Tenant Retail
4960 LEBANON PIKE, Old Hickory, TN 37138
For Sale
Contact for pricing
The center is fully leased under short-term agreements and carries CS commercial zoning.
Property Size7,279 SF
Lot Size0.85 Acres
Price / SF$247.15
Days on Market22
Property Features for 4960 LEBANON PIKE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Financials
Asking Price
Gross Income
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Beachwood Commercial Real Estate Brokerage
Listed By:
Beau Beach, MBA CCIM
(615) 603-9770
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 5:21PM
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 Beachwood Commercial Real Estate Brokerage
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Investment Insights
Based on property information with market context.
This 7,279-square-foot retail center occupies 0.85 acres and was built in 1990. The property is fully occupied, with tenants on short-term leases. CS zoning is identified for the site, and the center is located in the Hermitage area of eastern Davidson County.
Lebanon Pike is the property’s commercial corridor, with shopping, dining, grocery, medical services, and other businesses in the surrounding area. Interstate 40 and Old Hickory Boulevard provide regional road connections. The property has an Old Hickory address and is near established residential neighborhoods.
Lebanon Pike is the property’s commercial corridor, with shopping, dining, grocery, medical services, and other businesses in the surrounding area. Interstate 40 and Old Hickory Boulevard provide regional road connections. The property has an Old Hickory address and is near established residential neighborhoods.
Key Highlights
- 7,279‑square‑foot retail center on 0.85 acres
- Fully occupied with short‑term tenant leases
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,130
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,600
$1.7M
Cap Rate 7%
$1,244,714
$1.2M
Cap Rate 9%
$968,111
$968.1K
Market Conditions
NOI Build-Up for 7,279 SF
Gross rent
$131.0K $18.00/SF
− Vacancy
−$6.6K −$0.90/SF
EGI
$124.5K $17.10/SF
− OpEx
−$37.3K −$5.13/SF
NOI
$87.1K $11.97/SF
Area
Davidson County, TN
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,600
Cap Rate 7%
$1,244,714
Cap Rate 9%
$968,111
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,130 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,987 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
72k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Groceries 29%
Dining 24%
Home Improvements & Furnishings 18%
Aldi
Groceries
20,472 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,323 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,725 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
7,441 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
5,241 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Oakwood Commons — 4644 Lebanon Pike, Hermitage, TN 37076
- Coin Cloud Bitcoin ATM — 4890 Lebanon Pike, Nashville, TN 37076
- Shiloh Plaza Shopping Center — 15293 Lebanon Rd, Old Hickory, TN 37138
- West Wilson Plaza Shopping Center — West Wilson Plaza Shopping Center, 14535 Lebanon Rd, Old Hickory, TN 37138
Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully leased under short-term agreements and carries CS commercial zoning.
Where is this shopping center located?
The property is located at 4960 LEBANON PIKE Old Hickory, TN.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 7,279‑square‑foot retail center on 0.85 acres; Fully occupied with short‑term tenant leases; Built in 1990
