#United States #Starbucks #La Vergne #Legacy Commercial

New Retail Development in La Vergne, Tennessee

In an exciting announcement for the residents of La Vergne, Tennessee, Legacy Commercial Property, which operates under Highland Ventures, has revealed plans for a new multi-tenant retail space. Located at 101 Floyd Mayfield Drive, the project is expected to revitalize one of Middle Tennessee's most rapidly expanding corridors with a substantial offering of retail space.

Understanding the Project

The new development encompasses a total area of 6,083 square feet, out of which 4,018 square feet is designated for retail. Positioned at the prolific intersection of Murfreesboro Road (U.S. Hwy 41 and 70S) and Floyd Mayfield Drive, this site attracts a daily traffic count exceeding 25,500 vehicles, providing excellent visibility and access.

Legacy Commercial Property is thrilled about this strategic investment in La Vergne, with Ben Hoogland stating, "La Vergne is a market that demands attention right now. The growth fundamentals here are exceptional." With an increasing population and income levels, La Vergne is evidently a hotspot for new retail commitments signaling long-term economic strength.

Anchored by Starbucks

One of the key highlights of this development is its anchor tenant, Starbucks Coffee. Joining Starbucks will be Dos Bros, a fast-casual Mexican restaurant, while Chase Bank will also operate from this location. The presence of these reputable brands is expected to draw more foot traffic, benefiting all tenants involved.

Surrounding the new development are national retailers including ALDI, Chipotle, Panda Express, Walmart, and Kroger. Given its proximity to major interstate highways such as I-24, I-40, and I-65, this location will cater not only to local residents but also to commuters and travelers, thereby enhancing its commercial viability.

Supporting Growth Indicators

With a population of over 128,000 residing within a five-mile radius, and an expected growth of nearly 4% over the next five years, La Vergne is on an upward trajectory. The average household income in this vicinity is projected at approximately $86,000, projected to rise even higher within the expanding market.

Brent Conley, the Senior Director of Acquisitions and Development at Legacy, acknowledges the robust retail landscape, stating, "The retail story writing itself on this corridor is hard to ignore." His words reflect the promising future retailers can expect when they establish a presence in this thriving area.

Space Availability

The development is structured to accommodate one or two tenants, with suite sizes starting from 1,500 square feet. The ongoing improvements in La Vergne, including a $243 million mixed-use development project, underscore the long-term demand saturation for retail space in the corridor.

Legacy Commercial Property prides itself on its vertically integrated platform, ensuring a seamless process from site selection to lease signing and opening day. Operators seeking retail opportunities in one of Middle Tennessee's fastest-growing areas are encouraged to reach out to Legacy's leasing team for inquiries.

Conclusion

As a family-owned entity and respected leader in high-quality retail developments, Legacy Commercial Property's new initiative marks a significant step towards enhancing La Vergne's economic landscape. With established brands committed to the project and promising local market conditions, this new retail space is undoubtedly a development to watch.

About Legacy Commercial Property

Legacy Commercial Property is known for its expertise in retail and mixed-use properties, boasting over 700 properties across 22 states. With a robust portfolio and a commitment to quality and operational ease, the company aims to deliver long-term value to tenants, partners, and communities.