123 2nd Ave S
Nashville, TN 37201
Joe's Crab Shack · Retail Property For Sale

The subject Joe' s Crab Shack is located at 123 2nd Avenue South in Nashville, Tennessee. The Property consists of a 12,572 square foot building and sits on .34 acres of land. The property is subject to a 20-year Triple-Net (NNN) lease. The current rent is $314,477. The tenant is currently paying $25 rent/SF; local comps in the immediate area are being leased for $50 rent/sf, providing significant upside upon lease expiration. Ignite Restaurant Group, Inc. currently operates 113 Joe' s Crab Shack locations in 32 states.The company is publicly traded and headquartered in Houston, Texas. Ignite reported second quarter revenues of $130.8 million in 2016. The site is located in the heart of downtown Nashville only steps away from historic Broadway Street. The property benefits from easy access to multiple tourist and entertainment attractions including Nissan Stadium, Bridgestone Arena, Nashville Music City Center, Johnny Cash Museum, The Country Music Hall of Fame and Museum, and newly constructed Ascend Amphitheater. Nashville is the capital of the state of Tennessee and the county seat of Davidson County. The city is a center of music, healthcare, publishing, banking, and transportation industries, and it is also home to various colleges and universities. Nashville is known as the home of country music and has become a major music and production center.