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).
Highly Visible and Well Trafficked Area: The Corner Shopping Center is located at the intersection of Bell Road and Mtn View Road with a combined average daily traffic count of more than 35,000 vehicles per day. The site features three driveways—one on Bell Road and two on Mtn View Road. It also has two pylon signs—one on Mtn View Road and another at the corner of Mtn View Road and Bell Road.
Value-Add Through Leasing and Rent Growth: The property is 87.74% leased leaving a generous amount of income growth by leasing the vacant 7,066 SF. Furthermore, the in-place average base rent at The Corner is $13.45 per square foot while the average retail rental rate in the Southeast trade area is $23.00 per square foot. The current tenant leases feature annual rental rate increases and limited option terms are available.
Impressive Demographics: A 5-mile radius of the shopping center has a population density of 178,192 and average household income of $74,485.