Major Capital Investments in the Area: Recently completed developments include: Century Farms (a 300 acre mixed use development anchored by Tanger Outlets Mall with 290K SF opened in 2023), the Nashville Soccer Club HQ & Training Facility (15 acres and 45K SF opened in 2022), Tiger Wood’s Popstroke Golf (opened 2024), two apartment complexes (Vintage and Mainstead at Century Farms), and notable local and national restaurants including Chipotle, Whataburger, Panera Bread, Prince’s Hot Chicken, and TailGate Brewery. The City of Nashville purchased the interior of the former Hickory Hollow Mall in 2022 and its demolition and redevelopment are underway. The redevelopment will be anchored by current tenants Ford Ice Center (operated by the Nashville Predators), the Southeast Branch Nashville Public Library, Nashville State Community College, and KIPP Nashville Public Schools (K-12). To serve the area and support the new growth, a brand-new full access interchange was constructed on I-24 (Exit 60 / Century Farms Parkway).
Recent Capital Improvements: A portion of the roof was replaced in 2022 and then in 2024 the remainder of the roof was replaced. The entire roof is under a manufacturer’s warranty.
Mainstream Strip Center: Hickory Hollow Place is positioned at the signalized intersection of Bell Road and Hickory Hollow Road with more than 48,000 vehicles per day on average annually combined. There are 8 tenant spaces between 1,170 SF and 3,585 SF. The population within a 5-mile radius is 197,181 and the average household income is $83,170. The property is accessed from a driveway on Hickory Hollow Parkway and the adjacent parcel, and features a pylon sign on Hickory Hollow Parkway.
Below Market Rent: The average base rental rate in Hickory Hollow Place is $15.53 per square foot and the market rent in the area for retail properties is $23.00 per square foot. The property is being offered at an attractive price per square foot of $200.00.
