The Boulder Group completed the sale of a single-tenant Tractor Supply at 513 Nolan Drive in Smyrna, Tennessee, for $2.95 million.
The 18,750-square-foot property is located along US Highway 41, a primary thoroughfare leading directly to downtown Nashville. The population within a 5-mile radius has grown by 35% since 2010, reaching a current total of 110,000 residents.
The property benefits from its proximity to a dense retail corridor which hosts national tenant such as Lowe’s, The Home Depot, Kroger, Publix, Target, Walmart, Raising Cane’s, McDonald’s, Chick-fil-A, and many others. Tractor Supply has successfully operated from this location since 1999 and recently signed a 10-year lease extension demonstrating commitment to the site.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a high-net-worth family engaging in estate planning. The seller was represented by Andrew Ragsdale of Colliers.
