Petco, Franklin - Cool Springs

298 Spring Creek Drive
Franklin, TN 37067

PROPERTY SOLD

Square Footage: 10,903

Acreage: .45

Price: $3,313,000

Cap Rate: 6.50%

Description:

(In Contract)

  • 10 year corporate net lease with rent bumps and options
  • Brand new construction between Kohl’s and Walmart
  • Leading specialty retailer with over 1,250 stores in all 50 states
  • Located in the most desirable and developed trade area of Tennessee with a population draw of approx. 900,000
  • Franklin/Cool Springs is the state’s largest trade area with over 11 million SF of retail/restaurants, 10 million SF of office and 20 hotels
  • One of the fastest growing and wealthiest communities in the U.S. with average household incomes of nearly $130,000
  • 147 acre $700 million mixed-use project and a 500,000 SF $200 million Vanderbilt Medical Campus currently under construction directly across I-65
  • Pet food giant, Mars Petcare, just completed an $88 million world-lass regional innovation center in the immediate area, the first of its kind in the country