Added: Jan 28Changed: Aug 8Last Checked: Jul 25 at 3:15PM
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Investment Insights
Based on property information with market context.
The property, historically operated as Prichard Foods Marketplace, is a commercial building with a size of approximately 16,740 square feet, situated on approximately 5.63 acres of commercially zoned land in Alexandria, Tennessee. It offers frontage, scale, and redevelopment flexibility. The property has historically operated as a community grocery store and remains a recognizable local retail anchor, providing built-in brand equity while allowing a future owner to reposition or rebrand the site for higher and better use. The site features an expansive paved parking field with the ability to re-stripe for up to approximately 100 spaces, creating support for retail, medical, service, or mixed-use concepts. Access is provided from the main corridor with visibility and ingress/egress, making the property suitable for both owner-users and investors seeking a stabilized or redevelopment play. A unique attribute of the property is a flat, elevated corner acre located at the top portion of the site, offering an ideal pad location for a future outparcel or ground lease opportunity. This area is suited for a coffee shop, quick-service restaurant, financial branch, or other high-traffic retail use, allowing a buyer to create an additional income stream without disrupting the main structure. Zoned commercial, the property supports a wide range of potential uses including grocery, retail, restaurant, medical, fitness, storage, community services, or multi-tenant retail conversion. The large land-to-building ratio provides long-term optionality for phased development, expansion, or parcelization. Prichard Foods Marketplace presents an opportunity to acquire a commercial footprint with legacy community recognition, redevelopment upside, and pad-site monetization potential in a growing Middle Tennessee market.
Key Highlights
Large ±5.63 acre commercially zoned lot with redevelopment potential.
Existing ±16,740 sq ft building with established brand equity as a former grocery store.
Corner acre pad site suitable for outparcel development (coffee shop, restaurant, etc.) to generate additional income.
Top PickReal Estate AgencyStorage FacilityRestaurantAuto Parts StoreCafe & Coffee ShopComputer & Electronic Repair
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37012, TN
2,339
Population
1,014
Households
2.3
Avg Household Size
43
Median Age
11%
College-Educated
82%
High-School Grad
36.9 sq mi
ZIP Area
63
Density / Sq Mi
$51,902
Median Household Income
$39,375
Median Earnings
$676
Median Rent
$230,500
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
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Similar Off Market Nearby
Food Mart
— Tennessee 37012
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Sizeable commercial footprint with redevelopment and pad-site monetization potential.
Where is this grocery and convenience store located?
The property is located at 855 Brush Creek Rd Alexandria, TN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Large ±5.63 acre commercially zoned lot with redevelopment potential.; Existing ±16,740 sq ft building with established brand equity as a former grocery store.; Corner acre pad site suitable for outparcel development (coffee shop, restaurant, etc.) to generate additional income.