Property Overview
Westhaven Town Center
1001 Westhaven Blvd., Franklin, TN 37064
Office: Purchased
Tenants
Marquee Dental
Vanderbilt Medical
Demographics
Population Density
31,275
Household Income
183,000
VPD
60,661
Contacts
Management
Jeremiah Pyron
jpyron@sagemontre.com
615-861-0282
Leasing
Trae Willis
twillis@acpmllc.com
615-829-9108
Property Overview
Westhaven Town Center is in the heart of the acclaimed planned unit development of Westhaven, located in thriving Franklin, TN. Westhaven offers a unique tenant mix of inviting retail and convenient medical/ office, which creates an undeniable “sense of place” for the local community. Influenced by Franklin’s historic architecture and updated to reflect modern life, Westhaven will ultimately house 3,000 units, which is currently only 50% complete. Westhaven Town Center provides a “once in a lifetime” opportunity to own a trophy asset that will support one of the fastest-growing communities in the fastest-growing county in Tennessee. High-performing schools, undeniable demographics, a thriving economy, and an unparalleled quality of life will provide a natural upside in owning Westhaven Town Center.
Highlights
Westhaven Growth
Southern Land Development is currently over 50% complete with Westhaven’s 3,000 total home build-out, which positively impacts Westhaven Town Center by increasing the natural consumers and small business owners potentially interested in leasing space. At its current development rate, Southern Land estimates completion by 2027.
Stellar Demographics
With Nashville, MSA is expected to double in size and attract an estimated one million newcomers to the region in the next 10 years. Franklin/Westhaven is expected to see record growth rates with an affluent population that is young, highly educated, and with a greater propensity to consume.
Sense of Place
Developed with a community focus in mind, Westhaven Town Center offers its nearby residents a unique blend of retail, medical, and office tenants that attracts sustained foot traffic and develops a “sense of place” for Westhaven residents and the broader Franklin community.
Acclaimed School System
With Nashville MSA’s unparalleled millennial growth coupled with the challenged public school system in Davidson County, Westhaven Town Center can capitalize on the thousands of families that are moving to Williamson County for better education options. Williamson County schools received an “A” rating in all content areas from the State of Tennessee, and their ACT scores rank some of the highest in the State.
Thriving Williamson County
Just 20 miles south of Nashville, Williamson is the fastest-growing county in Tennessee due to its diversified economy, acclaimed public school system, attractive tax incentives, convenient location, and historic downtown. The region boasts some of the strongest demographics in the State.
Reposition Opportunity
As Westhaven develops further, there is an opportunity to upgrade the first-floor office tenants to larger retail NNN tenants and capture reimbursements to avoid slippage.
Diversified Economy
Williamson County is home to 13 of the top 25 publicly-traded companies in the Nashville region. Most notably, Nissan North America, which operates its North American corporate headquarters in Franklin, TN, employs 1,600 people. The largest employer in the region is Community Health Systems and there is a variety of auxiliary healthcare companies. Franklin also serves as the Tennessee headquarters for Verizon Wireless, employing over 1,000 people. In addition, the global financial services company, UBS, is expanding its operational presence in the region.
Natural Appreciation
As Westhaven continues to develop and more families are attracted to the community’s unmatched amenities, the real estate in Westhaven will likely command higher rents and greater home values as it matures.
Beautiful Architectural Design
Designed to pay homage to the historic south, Westhaven has a unified and modern design aesthetic that provides cohesion and beauty to the entire community. Tree-lined streets, accessible sidewalks, manicured shared spaces, and the convenient Town Center marks Westhaven as a true “Live, Work, Play” community.