Back To Available Properties

Investment Highlights

SCROLL DOWN TO VIEW PROPERTY VIDEO

Impressive Rent Growth: Between 2012 and 2017, the Hickory Hollow submarket has undergone a 38% increase in market rents. Rent increases at Hickory View have been even more dramatic, with a 48% growth in market rent between 2014 and 2017. As such, the current asking rents for unrenovated units are approximately $80 per unit above the average in-place rents. New ownership stands to gain by burning off this loss-to-lease

Proven Value-Add Opportunity: Recently renovated units are achieving rent premiums up to $100 and include:
  • Stainless Steel Appliances
  • Painted Cabinets and/or New Cabinet Door Fronts
  • Hardware
  • New or Resurfaced Countertops
  • Lighting and/or Ceiling Fans
  • Updated Flooring and Paint
Additional Value-Add Opportunity Via Amenities Upgrades & Reconfiguration: New ownership has the potential to add additional value to the property by upgrading the existing playground, modernizing the clubhouse, adding a dog park, updating pool & exterior lighting, providing W/D in all units, and reconfiguring the clubhouse to include fitness center or internet cafe

Central Location to Area’s Largest Employment Hubs: Hickory View is roughly 4 miles from both I-24 & I-65, providing its tenants with convenient access to the area’s 3 largest employment hubs:
  • Downtown Nashville: 7M+ SF of office space / 59,000 jobs
  • Williamson County: Williamson County boasted the nation’s highest job growth in both 2015 & 2016 and is to home to major employment districts Maryland Farms & Cool Springs
  • Rutherford County: The county was ranked # 5 nationally for job growth (June 2015-June 2016, BLS), due in part to the rapid growth of Murfreesboro (Top 15 nationally) and the Nissan Manufacturing & Assembly Plant (8,400 jobs)
Nashville, TN Stats & Rankings:
  • #1 “Cities Creating the Most High-Wage Jobs” (Forbes)
  • #2 “Private-Sector Job Growth” (BLS)
  • #3 “Top 10 City for Job Seekers” (NerdWallet)
  • #3 “Best Big Cities for Jobs” (Forbes)
  • #5 “Best Metro Area for Job Growth over the Past 5 Years” (Brookings Institute)
Convenient Access to Major Economic Drivers: Hickory View provides easy access to some of the area’s largest economic drivers, including Downtown Nashville (20 min), Cool Springs/Franklin (18 min), Nashville International Airport (20 min), Brentwood (15 min), Vanderbilt/West End/Music Row (25 min), & Antioch/Rutherford County Corridor (15 min)

Walking Distance to Significant Retail: The property is within walking distance of several grocery and big box retailers including Walmart, Kroger, Lowe’s, Babies “R” Us, Office Max, and Big Lots

Hickory View

Nashville, TN
120 Units


Confidentiality Agreement

Property Flyers and Confidentiality Agreements can be viewed for general information. To view property financial documents, please complete the Confidentiality Agreement. You will receive instructions via email on how to access the information.