Nuveen Real Estate Sells 10.5 Acre Retail Center In Franklin Tennessee To High-Net-Worth Family Office
1554-1556 West Mcewen Drive
Building Size
92,470 SF
Asset Type
Retail
Closing
Oct 12, 2026
About this deal
AI
The property involved in the transaction is a retail center located at 1554-1556 West McEwen Drive, Franklin, TN. It encompasses 92,470 square feet and sits on a 10.5-acre lot. This fully leased retail center is anchored by Whole Foods Market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 92,470
- Acres: 10.5
- Seller: Mike Sales - Nuveen Real Estate
- Buyer’s Investment Advisor: Lincoln Property Co.
- Brokers: Jim Hamilton, Brad Buchanan & John Perry Hilton - JLL
The sale was arranged by JLL Capital Markets, representing the interests of Nuveen Real Estate, who sold the property to a high-net-worth family office. The transaction took place on 10/12/2026.
On the Map
Retail
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Players
McEwen Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93