FOR SALE: 517 WEST MAIN ST. GALLATIN, TENNESSEE 37066 4.01 Acre Site with 36,000 SF Former Automotive Dealership
EXECUTIVE SUMMARY CBRE is pleased to offer for sale 517 West Main Street, a ± 4.01 AC, ± 174,675 SF, land site in Gallatin (Sumner County), Tennessee, a submarket of the Nashville MSA. Bordering West Main Street to the north, the subject property is located just 0.7mi East of the Highway 109 & Nashville Pike interchange along the most heavily trafficked corridor connecting Gallatin to Nashville. This subject location presents a unique opportunity to acquire a critical volume of land in one of the fastest growing submarkets of Nashville. PROPERTY SUMMARY Address 517 West Main Street, Gallatin, TN 37066 Site Size ± 4.01 AC Total: ± 36,000 SF Showroom: ± 5,100 SF Building Size Office Area & Small Parts Garage: ± 9,700 SF Service Garage: ± 14,200 SF Body Shop: ± 7,000 SF Year Built 1966; and renovated in 1988 Metal construction Building Features Wet sprinkler Fluorescent lighting Parking 150 parking stalls Service Garage: 13 4-19 7 Ceiling Heights Body Shop: 13-17 4 2 (14 W x 16 H) drive-in doors in Service Garage Clear Span 2 (14 W x 14 H) drive-in doors in Body Shop Frontage 515 on Main Street Use Former automotive dealership Zoning CG: Commercial General Seller possesses an up to date Phase I Environmental Environmental report which will be shared with active prospects The subject property has two points of ingress / Ingress / Egress egress facing West Main Street, with a signalized intersection at West Main Street and Maple Street Tax ID Map 126G B; Parcels 15 & 16 2013 Taxes $18,212.93 EXECUTIVE SUMMARY 2
SITE PLAN W MAIN STREET (29,786 AADT) 517 W Main St ± 36,000 SF N.A.P Separate Storage 6 N.A.P FAIRGROU ND ROAD MAPLE STREET 31E E X E CU TI V E SU M M A R Y 3
INTERSTATE PROPERTY OVERVIEW The subject property is comprised of two (2) parcels, totaling ± 4.01 acres or ± 174,675 square feet at the following address: 517 West Main Street, Gallatin, TN 37066. The tax parcel numbers for the subject property are: 126G B 016.01 & 126G B 016.00. The westernmost parcel is ± 2.27 acres while the easternmost parcel is 1.74 acres. The site s north border is West Main Street with average daily traffic of 29,768 cars. To the west is a CVS store and to the east is a Wilson Bank & Trust location. The southern border is vacant land. Structures on the subject property include a former automotive dealership and service center (Miracle Ford) which was built in 1966 (and renovated in 1988) and is ± 36,000 square feet in size, along with a large separate storage garage located on the southwesternmost portion of the site. The subject property offers exceptional visibility along one of Gallatin s most trafficked corridors and features two convenient ingress and egress points from West Main Street. PROPERTY OVERVIEW 4
EXTERIOR & INTERIOR PHOTOS PROPERTY OVERVIEW 5
LOCATION OVERVIEW SUMNER REGIONAL MEDICAL CENTER 517 W. MAIN ST. WALMART STARBUCKS 29,786 AADT GALLATIN HIGH SCHOOL SUMNER COUNTY REGIONAL AIRPORT LOCATION OVERVIEW 6
DEMOGRAPHICS 3 MILE RADIUS 5 MILE RADIUS 7 MILE RADIUS 2017 Population 31,661 43,268 61,538 2022 Population 34,369 47,470 68,810 2010 Population 28,217 36,770 51,632 2010-2017 Pop. Growth Rate 1.60% 2.27% 2.45% 2017-2022 Pop. Growth Rate 1.65% 1.87% 2.26% 2017 Median Age 38.30 39.70 40.10 2017 Households 12,222 16,772 23,476 2022 Households 13,306 18,451 26,248 2010 Households 10,859 14,195 19,684 2010-2017 HH Growth Rate 1.64% 2.33% 2.46% 2017-2022 HH Growth Rate 1.71% 1.93% 2.26% 2017 Average HH Size 2.52 2.53 2.58 2017 Average HH Income $65,780 $72,859 $82,471 2017 Median HH Income $46,742 $52,195 $57,628 2017 Per Capita HH Income $25,824 $28,689 $31,861 2017 Housing Units 13,259 18,108 25,242 2017 Vacant Housing Units 1,037 1,336 1,766 2017 Occupied Housing Units 12,222 16,772 23,476 2017 Owner Occupied HH Units 7,400 10,903 16,160 2017 Renter Occupied HH Units 4,822 5,869 7,316 2017 Population Age 25 and Older 21,483 29,879 42,411 2017 Businesses 1,454 1,664 1,919 2017 Employees 16,965 19,455 21,647 LOCATION OVERVIEW 7
FOR FOR SALE: SALE: 517 517 WEST W. MAIN ST. ST. GALLATIN, TENNESSEE 37066 37066 4.0136,000 Acre Site SF Former with 36,000 Automotive SF Former Dealership Automotive on 4 Dealership acres CONTACT US: :: JOHN MAXWELL +1 615 493 9230 john.maxwell@cbre.com :: AUSTIN BENEDICT +1 615 493 9221 austin.benedict@cbre.com 2017 CBRE, INC. ALL RIGHTS RESERVED. THIS INFOR- MATION HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT HAS NOT BEEN VERIFIED FOR ACCURACY OR COMPLETENESS. ANY PROJECTIONS, OPINIONS, OR ESTIMATES ARE SUBJECT TO UNCERTAINTY. THE INFOR- MATION MAY NOT REPRESENT THE CURRENT OR FUTURE PERFORMANCE OF THE PROPERTY. YOU AND YOUR ADVISORS SHOULD CONDUCT A CAREFUL, INDEPEND- ENT INVESTIGATION OF THE PROPERTY AND VERIFY ALL INFORMATION. ANY RELIANCE ON THIS INFORMATION IS SOLELY AT YOUR OWN RISK. CBRE AND THE CBRE LOGO ARE SERVICE MARKS OF CBRE, INC. AND/OR ITS AFFILIATED OR RELATED COMPANIES IN THE UNITED STATES AND OTHER COUNTRIES. ALL OTHER MARKS DISPLAYED ON THIS DOCUMENT ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS. PHOTOS HEREIN ARE THE PROPERTY OF THEIR RESPECTIVE OWNERS AND USE OF THESE IMAGES WITHOUT THE EXPRESS WRITTEN CONSENT OF THE OWNER IS PROHIBITED.