Capital Improvements – A new roof was installed in 2019 which includes a 20-year manufacturer’s warranty.
Nashville, Tennessee MSA – Nashville has a population of 1,900,000 which grew by almost 13% from 2010-2020 and by 80 people per day in 2019 and 2020. The population has surged in part by corporate relocations and expansions by companies such as Amazon, Oracle, Alliance Bernstein, and Smile Direct Club. The Nashville International Airport (BNA) is in the middle of a $1.2 billion expansion plan.
Strong Planet Fitness Franchisee – PF Growth Partners owns and operates over 70 Planet Fitness clubs in Maryland, District of Columbia, Tennessee, Florida, and Washington state.
Average Base Rent of $13.55 per square foot – The Rutherford County Retail Submarket has a vacancy rate of 3.2% and the average market rent is $25.17 according to CoStar.
Population Growth – The population within a 3-mile radius of the center is 55,521 and the population within a 5-mile radius is 123,292, and expected to grow 26% and 22% respectively by 2026.