SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, 6,225 SF, former Fresenius Medical Care investment property located in Centerville, TN. The property sits on 1.01 acres and provides for a wide range of retail and medical uses. The site presents an excellent lease-up or redevelopment opportunity in a desirable location with direct access to numerous national and regional tenants along with residential communities. The store lease expires December 2024 and will be available for lease-up or redevelopment. The tenant will be paying $139,331 in rent (with 2% increase in January 2024) through December 2024, leaving a new investor with 12+ months of cash flow to determine their redevelopment plan or seek a new tenant.

The property is strategically located along Brown Junction, a thoroughfare leading to State Highway 100 (7,580 VPD). Over 150-miles long, State Highway 100 is a major west-east commuter highway that connects Whiteville, TN and Nashville, TN. This asset benefits from exceptional street frontage while also equipped with a large monument sign, creating excellent visibility along Brown Junction and State Highway 100. The trade area is home to a wide variety of national and regional tenants including Dollar General, Cash Express, Valspar, Classic Auto Care, and others. The nearby national and regional tenant presence drives a steady stream of loyal, local consumers to the area. In addition, the MOB is within walking distance to Ascension Saint Thomas Hickman Hospital with 65 beds. Saint Thomas Hickman Hospital is the first hospital in Tennessee to qualify as a Critical Access Hospital and serves the greater Nashville area with its 150+ employees. Furthermore, the property is 3 miles south of Centerville Municipal Airport, covering 100-acres and averaging over 6,000 flights annually. The 5-mile trade area is supported by a population of over 5,700 residents and 2,100 daytime employees with an average household income of $71,208.

Centerville, TN - Former Fresenius

Area retailers include JCPenney, Dillards, Sears, Starbucks, Chick-fil-A and Cheesecake Factory.

JCPenney pad site carve out on West Town Mall ring road near the northwest quadrant of Gleason & Morrell Rd.

JCPenney Outparcel

The seller purchased the vacant building with the intent to preserve the original architecture and historical integrity, while restoring many features lost over time. The interior is currently undergoing a remodel to allow for short term rentals and Airbnb stays. The new floorplan utilizes all four 4 stories, integrating 4 bedrooms and 4 bathrooms on each floor; and will stand as one of the only buildings downtown to feature this unique layout. Each bedroom will feature one of four different design themes – an art deco inspired room, a garden themed room, the “Southern Sunroom” and the “Drunk Monkey” room. The lobby will be decorated with art commissioned from local artists, and there will be a mezzanine on the third floor. The basement could be used for storage, or as a different use such as a potential speakeasy. The renovations are expected to be complete by December 2024, and will be furnished and rental-ready upon delivery.

•	Two blocks away from Broadway Street – world famous strip of country music bars
•	Directly next to The Arcade, a historic indoor shopping center that has recently been remodeled to fit high-end retail and entertainment
•	Walking distance to many large corporations such as Amazon, Phillips, EY, AllianceBernstein, and Oracle’s New HQ
•	Less than a mile from Nissan Stadium and Bridgestone Arena – home of the Tennessee Titans and Nashville Predators
•	The Titans have plans to build a new $2.1B stadium with an additional $1.6B mixed-use development on the 30 acres surrounding the stadium.
•	Across the street from the newly renovated Woolworth Theatre, a 400-seat theater and cocktail lounge
•	Less than one mile from 1010 Church St, the new tallest building in Nashville set to open in 2027
•	Within close range to many other high-end retail and restaurants

Commercial Properties for Sale or Lease in Tennessee