Jake Clark of SVN | Accel Commercial Real Estate represented the $8 million sale of Waterside at Westhaven, a fully leased mixed-use property in Franklin, Tennessee. The 20,984-square-foot asset includes six retail suites and six luxury residential units within the walkable Westhaven Town Center community.
Franklin, Tennessee, United States, March 17, 2026 -- A fully leased mixed-use property in the Westhaven Town Center community has sold for $8 million in Franklin, Tennessee. Jake Clark of SVN | Accel Commercial Real Estate represented the transaction involving Waterside at Westhaven, a mixed-use asset combining ground-floor retail with residential units above. Clark specializes in multifamily and mixed-use investment sales across the Franklin and Nashville commercial real estate markets.
The property, Waterside at Westhaven, is located at 158 Front Street in Franklin, Tennessee and totals approximately 20,984 square feet. The asset consists of six ground-floor retail suites and six luxury residential units positioned above the retail space, creating a walkable retail and residential environment in the center of Westhaven Town Center.
The property sold for $381.24 per square foot at a 5.5 percent cap rate, reflecting investor interest in stabilized mixed-use assets located within established master-planned communities.
Waterside sits directly along the waterfront within Westhaven Town Center, one of the most recognizable lifestyle communities in Middle Tennessee. The building features a curated mix of restaurants, retail, and lifestyle tenants serving both Westhaven residents and visitors to the surrounding Franklin area.
Questions around this news
What does Waterside at Westhaven include?
The Franklin property combines ground-floor retail with residential units above. The release describes six retail suites and six residential units across approximately 20,984 square feet. It is located in Westhaven Town Center, a walkable community with restaurants, retail, and lifestyle businesses serving residents and visitors.
What is a cap rate in commercial real estate?
A capitalization rate, or cap rate, is a measure commonly used to assess the relationship between a property's net operating income and its value or purchase price. It offers a way to compare income-producing properties, but it does not by itself capture every factor affecting a property's performance or risk.
What does mixed-use property mean?
A mixed-use property brings together two or more uses in one building or development, such as retail, housing, offices, or hospitality. Combining uses can put services and homes near one another, though the layout, tenant mix, and operation of each component vary by property.
Westhaven itself has evolved into one of the Southeast’s most prominent master-planned communities. Developed by Southern Land Company, the community includes residential neighborhoods, golf, walking trails, parks, and a town center designed around walkability and community gathering spaces.
Located roughly 20 miles south of downtown Nashville, Franklin sits within Williamson County, one of Tennessee’s fastest growing and most affluent counties. As the broader Nashville metropolitan area continues to expand, mixed-use properties located within established lifestyle communities remain attractive to investors seeking long-term stability.
Additional details about the transaction and the story behind the property can be found here: https://www.multifamilytn.com/success-stories/franklin-tn-mixed-use-property-sale-waterside-westhaven
About Jake Clark
Jake Clark is an Advisor with SVN | Accel Commercial Real Estate based in Brentwood, Tennessee, specializing in multifamily and mixed-use investment properties across the Nashville and Middle Tennessee markets.
Clark works with investors and property owners on the acquisition and disposition of commercial real estate assets, with a focus on multifamily and mixed-use properties throughout the region.
Before transitioning fully into brokerage, Clark worked in commercial real estate private equity as an Acquisitions Associate, where he sourced and helped close approximately $50 million in commercial transactions. Since moving into brokerage full-time, he has closed more than $25 million in investment sales over the past three years, building expertise in the Middle Tennessee investment market.
Contact Info:
Name: Jake Clark, Advisor | Multifamily | Investment Sales
Email: Send Email
Organization: SVN | Accel Commercial Real Estate
Address: 7003 Chadwick Dr, Suite 111, Brentwood, TN 37027
Phone: (615) 568-0167
Website: https://www.multifamilytn.com/
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At a glance
- Company
- SVN | Accel Commercial Real Estate
- Location
- Franklin, Tennessee
Key figures
- Sale price
- $8 million
- Property area
- 20,984 square feet
- Retail suites
- six
- Residential units
- six
- Sale price per square foot
- $381.24 per square foot
- Cap rate
- 5.5 percent
People
- Jake ClarkAdvisor with SVN | Accel Commercial Real Estate
