Update: HFF closed the sale of this property, so it is no longer on the market. Please contact Jim Hamilton in HFF’s Atlanta office for current retail investment opportunities or visit HFF’s Property Search page for a list of avaiable commercial real estate properties for sale.
Holliday Fenoglio Fowler, L.P., (HFF), on behalf of the owner, is exclusively marketing for sale Merchant Pointe, a 138,818-square-foot community shopping center in the Nashville-area suburb of Hendersonville, Tennessee. The 99-percent-leased retail center for sale was constructed in 2016 and is anchored by The Fresh Market, Marshalls, Michaels and Off Broadway Shoes. Merchant Pointe offers investors the opportunity to acquire a community retail center with a dynamic tenant line-up and significant income security.
Situated at 217 Indian Lake Boulevard, Merchant Pointe is located on the “going home” side of the road on Hendersonville’s heavily traveled main retail corridor (31,000 vehicles per day). Hendersonville encompasses 26 miles of shoreline on Old Hickory Lake, which attracts more than a million visitors annually, and is approximately 15 miles from downtown Nashville. Within a five-mile radius of the property, more than 79,000 residents earn an average annual household income exceeding $90,000. Additionally, the property is located in a strong retail submarket with 4.5 million square feet of retail space that is impressively 95 percent leased.