Retail Business for Sale in Franklin, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Franklin, TN 37067

Description

Up to ± 47,000 SF of exceptional retail and office space available for lease Commons at Cool Springs is your opportunity to secure a location in the epicenter of one of the most affluent markets in the sunbelt. The Cool Springs/Franklin submarket is Nashville’s strongest suburban retail node and represents a “first look” and “must have” location for any retailer doing business in the MSA. The Cool Springs/Franklin submarket comprises over 13 million square feet of retail space anchored by Cool Springs Galleria, a 1.2 million square foot super-regional mall, and boasts a "who's who" list of top retailers. This retail concentration is supported by some of the most affluent neighborhoods in the region, 6.6 million square feet of class A office space occupied by over 40 corporate headquarters, and a healthy stock of luxury hotels. Given these submarket fundamentals, rental rates have been on a steady ascent for nearly three decades and tenant retention is incredibly strong.

Market Context

This retail in Franklin, TN is listed for sale. It has been on the market for 148 days. Compare it against other retail listings for sale in Franklin, TN — <a href="/search/sale/retail/tennessee/franklin">view the full market</a>.

As of Q1 2026, the Nashville retail market showed a 18.2% vacancy rate, average asking rents near $33.84/SF/yr, rents up 2.7% year over year, and cap rates around 6.2%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Nashville?
About 6.2% as of Q1 2026, per Consensus.
Is the Nashville retail market tightening or softening?
Vacancy is around 18.2%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$29.15/SF – $39.43/SF

Mid: $34.29/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 7 comparable listings.

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