Retail Properties in Franklin, Tennessee, offer a unique investment opportunity for those looking to capitalize on the city's rich history, strong economy, and growing population of around 70,000. As a hub for healthcare, automotive, manufacturing, technology, and energy industries, Franklin attracts a diverse range of businesses and entrepreneurs. With its well-preserved historic buildings and neighborhoods, Franklin has become a popular destination for tourists and locals alike, making it an attractive location for retail investments. The city's infrastructure, including major transportation routes like Interstate 65 and various state routes, ensures easy access to Nashville and other surrounding areas. Additionally, Franklin is home to several higher education institutions, including Belmont University's Williamson Center campus and Columbia State Community College's Franklin campus, which contribute to the city's educated workforce and consumer base. With amenities like hospitals, parks, and cultural events, Franklin provides an ideal environment for businesses to thrive.
Franklin's retail landscape is characterized by a mix of local boutiques, restaurants, and national chain stores. With 8 Retail Properties for sale, investors have a range of options to choose from. Nearby, Shopping Centers like Cool Springs Galleria and Franklin Square offer a variety of retail spaces, while Restaurants like The Farm House and Gray's on Main provide a taste of the city's culinary scene. Office Properties like the Williamson County Administrative Complex and the Franklin City Hall serve as hubs for local government and businesses, while Hotels like the Franklin Marriott Cool Springs and the Hilton Garden Inn Franklin/Cool Springs cater to tourists and travelers. With its unique blend of history, culture, and commerce, Franklin is an attractive location for retail investments, offering a strong potential for growth and returns.
What is the average cap rate for retail properties in Franklin?
When it comes to investing in retail properties in Franklin, Tennessee, understanding the average cap rate is crucial. According to current market data, the average cap rate for retail properties in Franklin is 5.15%, which can help investors gauge the potential return on investment; to learn more about how cap rates work, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Franklin, Tennessee, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-traffic areas, such as downtown Franklin or along major thoroughfares like Interstate 65, Cool Springs Boulevard, and McEwen Drive, tend to command higher prices due to their visibility and accessibility, with an average price per square foot of $802 USD and an average size of 7,154 square feet.
