Chestnut Hill Winery 78 Chestnut Hill Rd

15,000 SF 75% Leased Retail Building Crossville, TN 38555 $5,685,985 CAD ($379 CAD/SF) 3.70% Cap Rate

Investment Highlights

  • Strategic Location: Situated off I-40 in Crossville, TN, offering unparalleled visibility and access to locals and interstate travelers.
  • Expansion Ready: Currently operating at only 25% production capacity, this facility is perfectly positioned for the next owner with the vision & drive
  • Versatile Revenue Streams: Established wine sales, a leased restaurant, billboard advertising, & event space rental offer unlimited income potential

Executive Summary

Chestnut Hill Winery is a unique investment opportunity nestled in the heart of Tennessee’s Golf Capital, Cumberland County. Conveniently located off Exit 322 on I-40, the longest interstate highway in the U.S., this prime property offers exceptional visibility to both eastbound and westbound travelers. Situated on 2.43 picturesque acres bordered by Chestnut Hill Road, Peavine Road, and the I-40 entrance ramp, this winery presents an enticing blend of established success and untapped potential for growth.
Since purchased it 2007, Chestnut Hill Winery has cultivated a loyal following and steady profitability. The property includes a 15,000+ sq. ft. building, home to a bustling tasting room, a leased restaurant, and full wine production facilities. Visitors are drawn to the award-winning wines, which can be enjoyed by the glass, as wine slushies, or paired with fresh-made fudge and cheese sourced from a local dairy. A charming gift shop, outdoor picnic area, and guided tours further enhance the customer experience.
The property offers multiple revenue streams, including wine sales, a restaurant lease, billboard advertising, and event space rentals. The tank room features stainless steel tanks with a production capacity of approximately 19,500 gallons, while the bottling room can achieve up to 1,200 bottles per run with a skilled team. Despite operating at only 25% production capacity due to the current owner’s needs, the winery is primed for expansion under new ownership with a vision for growth.
Additional amenities include a 5,000 sq. ft. upstairs space, partially utilized for events and rentals, and a warehouse for storing bottled wine and supplies. Two outbuildings provide extra storage for restaurant use and chemical supplies. Recent upgrades such as a new roof (2018), digital signage, and picnic tables installed in 2022 highlight the owner’s commitment to maintaining the property.
Chestnut Hill Winery is more than just a winery; it’s a turnkey operation with the infrastructure to support diverse ventures, from enhanced wine production to expanding tourism and hospitality offerings. With its prime location, established customer base, and room for growth, this property is a rare opportunity for entrepreneurs and investors eager to tap into its limitless potential.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
B
Year Built
1998
Price
$5,685,985 CAD
Price Per SF
$379 CAD
Cap Rate
3.70%
NOI
$210,381 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
2.43 AC
Zoning
Commercial
Parking
50 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
748 ft on Chestnut Hill/Peavine/Int

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet

PROPERTY TAXES

  • Listing ID: 34445243

  • Date on Market: 2025-01-10

  • Last Updated:

  • Address: 78 Chestnut Hill Rd, Crossville, TN 38555