SPRINGHILL, TENN. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding retail property in Springhill, a southern suburb of Nashville. Heartland Dental occupies the building, which was built in 2025, on a 12-year lease that features 10 percent rent increases in years six and 11, and at the start of each of the four five-year option periods. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a preferred developer for Heartland Dental. The all-cash buyer purchased the property for an undisclosed price.
“We continue to see strong buyer demand for well-located, new-construction net lease assets in Nashville’s growing suburbs,” says McMinn. “Buyer activity and offers have noticeably increased in recent months, particularly from 1031 exchange investors seeking quality real estate with long-term leases and attractive rental increases.”