January 30, 2020 – JLL Capital Markets announced today that it has closed the $45.3 million sale of Lion’s Head Village, a fully leased, Trader Joe’s-anchored retail center in one of the most highly sought-after submarkets in Nashville, Tennessee.
Lion’s Head Village houses one of only four Trader Joe’s locations in the state of Tennessee and is shadow-anchored by a top-performing Target store. The property is in the Belle Meade/Green Hills Retail submarket, which has high barriers to entry and is one of the most highly sought-after submarkets in the Nashville MSA. It is only four miles from downtown Nashville and two miles from Vanderbilt University, situated on 9.57 acres at 90 White Bridge Road. Lion’s Head Village is surrounded by one of the most affluent customer bases in Nashville and across the Southeast. More than 73,200 residents earning an average annual household income of $128,184 live within a three-mile radius of the property, and the area buying power is $4.3 billion.
The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Jim Hamilton.
“Lions Head Village is a generational investment opportunity located in one of the most highly sought-after submarkets in Nashville,” Hamilton said.