Secure Net Lease Closes Sale of Madison Square Shopping Center in Nashville MSA
John Packwood and Sam House Represent Both Buyer and Seller in Off-Market Transaction
Secure Net Lease has successfully completed the sale of Madison Square, a fully leased multi-tenant shopping center located in La Vergne, Tennessee, within the rapidly growing Nashville Metropolitan Statistical Area. The transaction was completed as an off-market sale, with Secure Net Lease representing both the buyer and seller. The successful closing highlights continued investor demand for stabilized neighborhood retail centers featuring service-oriented tenants in high-growth markets.
John Packwood and Sam House, Vice Presidents at Secure Net Lease, represented both the buyer and seller in the transaction. Packwood shared, “Successful investment sales aren’t just about marketing a property—they’re about understanding what active buyers want and maintaining strong relationships with them over time. In this case, those relationships allowed us to bring the right buyer and seller together in an off-market transaction that created value for both sides.”
The ±13,857-square-foot Madison Square shopping center is located at 1925 Madison Square Boulevard in La Vergne, Tennessee, directly along the Interstate 24 corridor at the Waldron Road interchange, one of the busiest retail intersections in the submarket with average daily traffic exceeding 160,000 vehicles. Built in 2006, the center is fully leased to a complementary mix of service-oriented and necessity-based tenants, providing stable occupancy and consistent consumer traffic.
La Vergne continues to benefit from its location within the Nashville-Murfreesboro-Franklin Metropolitan Statistical Area, the largest metro in Tennessee and one of the fastest-growing regions in the country. The city’s population has increased nearly 11% since 2020, while Rutherford County remains the fastest-growing county in the state. The surrounding trade area is supported by major employers including Nissan’s Smyrna manufacturing plant, Ingram Content Group, and CEVA Logistics, creating strong long-term retail fundamentals and a healthy consumer base.
Madison Square’s fully occupied tenant roster and focus on service-oriented, e-commerce-resistant businesses made the property especially attractive to investors seeking durable cash flow. Combined with its strategic location in the Nashville MSA and strong market fundamentals, the center generated significant investor interest and ultimately resulted in a successful off-market transaction.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
