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$3.4M offered for old MJE site

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By TOMI L. WILEYSpecial to The Wilson Post

MT. JULIET -- The highest offer so far was put on the table last week for what is arguably the most sought-after piece of real estate in Mt. Juliet, a county official said Monday, with a price tag of $3.4 million for 12 acres.

Wilson County Mayor Robert Dedman said Monday that he received an offer on what is commonly known as the old Mt. Juliet Elementary School property, located at the corner of Mt. Juliet Road and Division Street, on Thursday, June 11. Dedman said he received the offer from a “local seller,” though wouldn’t divulge the name, for a total of $3.4 million for the entire 12 acres, although the offer “hasn’t been proved.”

“There are four or five pages (in the offered contract) of ‘if, ands or buts,’ but it is for the entire 12 acres,” Dedman said Monday. “If we can sell the whole lot of it, that’s what (county officials) we’d prefer to do.”

A contract for the sale of the property dated June 11 between Wilson County and Odell Binkley obtained on Tuesday by The Chronicle of Mt. Juliet lists the purchase price as $3.4 million with $100,000 as earnest money. The contract states that “this sale will be closed on or before 90 days from the end of the due diligence period,” and “Seller has 45 days from the receipt of this contract to accept or reject it.”

Dedman said he sent the offer to County Attorney Mike Jennings and Wilson County Finance Director Ron Gilbert for their consideration late last week. He added that Jennings had been out of the office until Monday and he’d yet to hear back from them.

Dedman said there are two other offers being considered for purchase of the property, including an offer of $1.1 million for around 2 acres.

A letter of intent obtained by The Chronicle and submitted by Kurt Wolfman of K Jon Realty states that he represents CVS Pharmacy and offered $1.1 million for 2 acres of the property. The letter was sent to Dedman on April 27.

Wolfman said the offer is currently “going through the proper channels.” He added that there is not an expiration date on the offer, but he has yet to hear back from county officials.

Binkley, a Mt. Juliet resident, said Tuesday that he earlier offered of $2.25 million for the entire 12 acres, which he presented to county officials “around a month ago.” He said he planned to develop retail and office space on the property but also has not gotten a response from county officials.

Jennings said Tuesday that he has forwarded the offers to the County Commission’s Public Works Committee for consultation, but that panel has yet to schedule a meeting to discuss the offers.

Editor’s Note: Tomi L. Wiley is the editor of The Chronicle of Mt. Juliet.

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