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:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 1931 Long Hollow Pike
- Market: Gallatin, TN
- Asset Size: 63,987 SF
- Buyer: Kevin Murphy - Publix
- Seller: John Abernathy - Blackwater Real Estate
- Brokers: Jim Hamilton, Brad Buchanan & Charlie Merrigan - JLL
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
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