High-End Daycare w/ Adaptive Reuse Potential | 4009 Ohallorn Dr
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High-End Daycare w/ Adaptive Reuse Potential 4009 Ohallorn Dr
14,472 SF 100% Leased Retail Building Online Auction Sale Spring Hill, TN 37174
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INVESTMENT HIGHLIGHTS
- 4009 O'Hallorn Drive is a 14,472-SF daycare facility built in 2018 for up to 240 children, ideal for a new operator or adaptive reuse.
- Property is currently owner occupied, but no lease agreements or encumbrances exist. All FF&E is included.
- Positioned off Columbia Pike, the property is placed near household name retailers, large residential neighborhoods and vital job centers.
- Spring Hill's growing population and strong economy make this a prime opportunity to acquire functional space in an up-and-coming commercial hub.
- The existing business, licenses and goodwill may be retained by the future owner if so desired.
EXECUTIVE SUMMARY
4009 O'Hallorn Drive is a high-end daycare facility located in the rapidly growing city of Spring Hill, Tennessee.
Property tours are by appointment only. Do not disturb the existing tenant. Please contact the Southeast Venture team to schedule a tour and learn more.
Spanning 14,472 square feet and built in 2018 and designed to accommodate 240 children, 4009 O'Hallorn Drive offers a versatile space with potential for institutional, medical office, or church use. The building’s robust features include interior concrete walls, a large auditorium with high ceilings, and an expansive playground. On-site amenities further elevate the property, including high-end audio equipment, a camera surveillance system, a full-service commercial kitchen, and a keyless security system. There is also abundant on-site parking, with 45 surface spaces and a 0.5-acre undeveloped section of the lot that can be used for building or parking expansion. All FF&E is included with the property, providing a running start for a new operator.
Sitting a short distance off Columbia Pike, 4009 O'Hallorn Drive places businesses near an incredible concentration of quality amenities. Household name retailers within five minutes of the property include Walmart Supercenter, Kroger, Aldi, Petco, Walgreens, First Watch, Chick-fil-A, Wendy’s, and many more. The bustling corridor also connects to the GM Spring Hill Plant, a major job center that employs more than 5,000 local professionals.
Spring Hill, spanning Maury and Williamson counties, has experienced a remarkable population surge over the past 25 years, skyrocketing from 7,115 in 2000 to an impressive 50,005 in 2020. A robust job market and expanding industries contribute to the city’s growth trajectory. With a median household income of $90,778, Spring Hill boasts a vibrant economy. The median home price of $498,000 reflects the area’s prosperity, while a low 2.5% unemployment rate underscores the community’s resilience and opportunity.
Don’t miss this rare chance to acquire a top-quality daycare facility in an up-and-coming hub of central Tennessee at 4009 O’Hallorn Drive in Spring Hill.
Property tours are by appointment only. Do not disturb the existing tenant. Please contact the Southeast Venture team to schedule a tour and learn more.
Spanning 14,472 square feet and built in 2018 and designed to accommodate 240 children, 4009 O'Hallorn Drive offers a versatile space with potential for institutional, medical office, or church use. The building’s robust features include interior concrete walls, a large auditorium with high ceilings, and an expansive playground. On-site amenities further elevate the property, including high-end audio equipment, a camera surveillance system, a full-service commercial kitchen, and a keyless security system. There is also abundant on-site parking, with 45 surface spaces and a 0.5-acre undeveloped section of the lot that can be used for building or parking expansion. All FF&E is included with the property, providing a running start for a new operator.
Sitting a short distance off Columbia Pike, 4009 O'Hallorn Drive places businesses near an incredible concentration of quality amenities. Household name retailers within five minutes of the property include Walmart Supercenter, Kroger, Aldi, Petco, Walgreens, First Watch, Chick-fil-A, Wendy’s, and many more. The bustling corridor also connects to the GM Spring Hill Plant, a major job center that employs more than 5,000 local professionals.
Spring Hill, spanning Maury and Williamson counties, has experienced a remarkable population surge over the past 25 years, skyrocketing from 7,115 in 2000 to an impressive 50,005 in 2020. A robust job market and expanding industries contribute to the city’s growth trajectory. With a median household income of $90,778, Spring Hill boasts a vibrant economy. The median home price of $498,000 reflects the area’s prosperity, while a low 2.5% unemployment rate underscores the community’s resilience and opportunity.
Don’t miss this rare chance to acquire a top-quality daycare facility in an up-and-coming hub of central Tennessee at 4009 O’Hallorn Drive in Spring Hill.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
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Market Sale Price per SF
Nashville - TN USA
Market Cap Rate
Nashville - TN USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,472 SF
Building Class
A
Year Built
2018
Percent Leased
100%
Number of Floors
1
Building FAR
0.13
Lot Size
2.49 AC
Parking
45 Spaces (3.11 Spaces per 1,000 SF Leased)
ABOUT COOL SPRINGS/FRANKLIN
Cool Springs is the premier suburban retail node in Nashville. About 20 miles south of downtown, Cool Springs sits in affluent Williamson County. Residents can reach Cool Springs from just about anywhere in Nashville, thanks to I-65 and I-840 providing direct commutes to downtown and surrounding suburbs. Williamson County is the wealthiest in Tennessee, with median household incomes north of $85,000 per year. Additionally, this area is one of the fastest growing suburbs in Nashville. In fact, this area’s population has increased by roughly 25% since 2010, boosting demand for retail goods here.
In addition to the fast growing local population, retailers in the area also benefit from the large number of office employers that are nearby. Tens of thousands of workers from across Nashville commute to Cool Springs for work each day. The Cool Springs Galleria also draws residents from across Nashville and helps to generate steady foot traffic for other retailers in the area. Many national chains have opened new locations here in recent years, including California Pizza Kitchen, Verizon Wireless, and Duluth Trading Company.
As well as commanding some of the highest rents in Nashville, Williamson County’s high median incomes, as well as its large geographic draw, support asset values that are some of the highest in the region.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,265
47,800
69,153
2020 Population
9,470
43,924
60,992
2029 Population
11,792
55,348
80,791
2024-2029 Projected Population Growth
14.9%
15.8%
16.8%
Daytime Employees
3,719
8,765
13,892
Total Businesses
558
1,227
1,475
Average Household Income
$109,223
$111,052
$118,048
Median Household Income
$83,361
$91,514
$94,853
Total Consumer Spending
$130.4M
$611.6M
$940.9M
Median Age
37.3
35.9
37.0
2024 Households
3,399
15,778
24,079
Percent College Degree or Above
33%
33%
32%
Average Home Value
$425,582
$417,410
$431,510
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 153-030.28 | Improvements Assessment | £777,827 |
| Land Assessment | £158,422 | Total Assessment | £936,249 |
PROPERTY TAXES
Parcel Number
153-030.28
Land Assessment
£158,422
Improvements Assessment
£777,827
Total Assessment
£936,249
SALE ADVISORS
SALE ADVISORS
Greg Barro, Broker
(615) 250-8669
Contact
Greg joined Southeast Venture in 2019. With his diverse background, Greg seeks to specialize in landlord and tenant representation and buyer and seller representation for light industrial and distribution facilities. Greg is also interested in commercial land sales, acquisitions and site selection for developments. Greg brings commercial real estate marketing experience from his time at CoStar Group and is a member of the Tennessee Bar.
Axson West, Principal
(615) 833-8716
Contact
Axson’s career in commercial real estate brokerage began in 1980. With an emphasis on land sales, Axson has primarily been involved in office and industrial leasing and property sales. Axson joined Southeast Venture in 1990 and built his reputation as Middle Tennessee’s leading site analyst and land transaction specialist, representing both buyers and sellers. Axson, along with Southeast Venture’s other partners, directed the transformation of Southeast Venture from an owner-developer in the late 1980s to the full-service brokerage and design services firm that it is today; serving other owners and commercial businesses with their real estate needs.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
AUCTION CONTACT
Derek Rudd
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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High-End Daycare w/ Adaptive Reuse Potential | 4009 Ohallorn Dr
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