Property profile

2838 Duplex Rd Spring Hill, TN 37174

OFF-MARKET
Lifestyle centers
16,670 SF 1.4 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 16,670 square-foot retail center in Spring Hill, Tennessee, presents a compelling investment opportunity. Located on a 1.4-acre corner lot at the signalized intersection of Duplex Rd and Port Royal Rd, this property boasts exceptional visibility to approximately 10,024 vehicles daily and convenient access to Interstate 65. The center is fully occupied (100%) by seven diverse, best-in-class tenants, each under a new 10-year lease with attractive rent bumps (details available in the Offering Memorandum). The current Net Operating Income (NOI) is $692,231, yielding a 6.30% cap rate. Built in 2024, this single-building, mixed-use property benefits from a prime location within a thriving mixed-use development, adjacent to a new preschool and a three-story medical office building. The surrounding area features a dense residential community, a nearby school district, and the proximity to the largest GM manufacturing facility in North America. Significant ongoing development, including a $12 million road widening project, further enhances the property's long-term value. This fee-simple ownership offers limited landlord responsibilities and benefits from Tennessee's income tax-free status. The property's tenant mix includes BA Coffee, Don Arturo's Mexican Grill, Saladworks, Smile Dentistry, Unity Chiropractic, and Whiskey Hounds, creating a unique and complementary shopping experience. Detailed lease information and rent bump schedules are available in the Offering Memorandum. This is a truly exceptional opportunity to acquire a high-performing, net-lease retail investment in a rapidly growing market. Asking price: $11,000,000.

Property profile

Verified
Property type Lifestyle centers
Year built 2024
Total area 16,670 SF
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2838 Duplex Rd Spring Hill, TN 37174
Spring Hill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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