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1931 Long Hollow Pike

SOLDRetail

Kevin Murphy Of Publix Acquires 63,987 Square-Foot Retail Center In Gallatin From Blackwater Real Estate

1931 Long Hollow Pike

Building Size

63,987 SF

Asset Type

Retail

Closing

Aug 10, 2026

AI

Blackwater Real Estate sold a grocery-anchored retail center located at 1931 Long Hollow Pike in Gallatin, TN. The property encompasses a total square footage of 63,987 and is fully leased, with Publix serving as the anchor tenant through a 48,387-square-foot store.

Summary of transaction details:

JLL's representatives, Jim Hamilton, Brad Buchanan, and Charlie Merrigan, facilitated the transaction on behalf of Blackwater Real Estate, highlighting their role in managing the deal for the seller.

Players

Jim Hamilton

JLL

Broker

$1B

vol

28 deals

Broker

Kevin Murphy

Publix

Buyer

$25M

vol

1 deal

Buyer
John Abernathy

John Abernathy

Blackwater Real Estate

Seller
Seller

Gallatin Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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