Franklin, Tennessee, is a city that offers a unique blend of history, culture, and commerce, making it an ideal location for retail space. With its rich heritage and well-preserved older buildings and neighborhoods, Franklin attracts a diverse range of businesses, including healthcare, automotive, manufacturing, technology, and energy companies. The city's infrastructure, including major transportation routes like Interstate 65 and various state routes, provides easy access to Nashville and other surrounding cities. Additionally, Franklin is home to various corporate headquarters, including Nissan, Mitsubishi Motors, Clarcor, CKE Restaurants, and Jackson National Life, making it a hub for business and commerce. The city's amenities, such as hospitals, parks, and higher education institutions, including Belmont University's Williamson Center campus and Columbia State Community College's Franklin campus, also contribute to its appeal.
Franklin's retail space for lease offers a range of opportunities for businesses looking to establish a presence in the city. With 14 listings available, there are options to suit various needs and budgets. The average annual rent per square foot is $38 USD, with a minimum of $35 USD and a maximum of $40 USD. The average size of retail space available is 4,028 square feet, with a minimum of 112 square feet and a maximum of 40,000 square feet. Franklin's retail space is surrounded by a range of other property types, including restaurants, medical offices, and office space, making it a vibrant and diverse business community. Restaurants in Franklin offer a range of cuisines, from fine dining to casual eateries, while medical offices provide healthcare services to the local community. Office space in Franklin is home to various businesses, including corporate headquarters and startups. Overall, Franklin's retail space for lease offers a unique opportunity to establish a business in a thriving and diverse community.
What is the average cost per square foot for retail space in Franklin?
The average cost per square foot for retail space in Franklin is $38 USD per square foot, with available listings totaling 14 and average space sizes ranging from 4,028 square feet to a maximum of 40,000 square feet.
How do anchor tenants affect surrounding retail space leases?
In Franklin, Tennessee, anchor tenants, such as large department stores or grocery stores, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a draw for customers, which can lead to higher demand and rents for nearby retail spaces, with the average annual rent per square foot being $38 USD and average size being 4,028 square feet, and a maximum space size of 40,000 square feet, as seen in the 14 available listings of retail space for lease in Franklin.
