Tuesday, May 3rd, 2022 May3rd2022

Sold Alert: South Nashville Retail Center Sold for $125/SF

Published on May 3rd, 2022

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.



  • 991 Thompson Place is a two-building retail center on 3.15 acres.
  • The center has a non-traditional anchor tenant in Baraka Wholesale as well as other ethnic tenants.
  • Constructed in 1986, the buildings total 28,837 SF.
  • Arguably under-parked for retail uses at 2.42/1,000 SF.
  • Located just off Murfreesboro Pike behind Santorini Greek Restaurant and Mapco.
  • The property last sold for $2,100,000 in 2005.
  • The asking price was $4,500,000.
  • The property sold for a 7.17% cap rate.
  • The property just sold for $3,600,000…the equivalent of $125/SF of land.



(SPRING PROMOTION) Find out how much your property is worth, for free, before you list it for sale.  Get your property value now.

Get all our exclusive content in one simple email, every Friday.  Sign up now.

About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com