I-40 near TN 840 Development Site
I-40 Near TN 840
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JLL is pleased to present I-40 near TN 840 Development Site ("the Site"), a fully entitled, 46.8-acre site located 20 miles east of Downtown Nashville along interstate I-40 East, less than a 1/2 mile from the TN 840 junction. The site is zoned Commercial Service (CS) with frontage on South Hartmann Dr. and I-40 East. The site is well-positioned to be visible by the over 92,000 vehicles that pass by the site on a daily basis. The Site is surrounded by top-tier brand name economic drivers such as Amazon, Under Armour, and FedEx. It is located in Lebanon, TN - one of the fastest growing job markets in the state with over 4,100+ jobs announced within the last 12 months. The Site is also at the same interchange as Lebanon Marketplace, a planned retail and office development that will be 450,000 square feet when completed and that is currently home to national retailers such as Home Depot, Outback Steakhouse, Hampton Inn, Chili's and GMC-Chevrolet.
Fully Entitled, Shovel-Ready Project - Providing immediate investment opportunity Breakout Job Center - within 5 to 10 miles of Amazon, Under Armour, FedEx, and Cracker Barrel's Corporate Headquarters Exploding New Job Growth - 4,100+ jobs announced in the last 12 months Rental Upside for New Construction - between 12% - 15% proven rent bumps over surrounding 10-year old product Attractive Suburban Price per Door Exit Price - $170,000+/door for newly constructed suburban product in neighboring submarkets