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Jon Bon Jovi's - Nashville 405 Broadway 36,767 SF Retail Building Nashville, TN 37203 $130,000,000 ($3,535.78/SF) 4.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Thriving Economic Sector | Nashville’s economy rests on three strong pillars: state government, higher education, and healthcare.
- Brand New Development | Following two years of entitlements and site work.
- Outstanding Real Estate | This property benefits from exceptional real estate fundamentals, ideally located on Broadway.
- Twenty-Year Triple Net (NNN) Sale Leaseback |The lease is structured as a triple-net (NNN) lease.
- Celebrity-Backed Brand | Jon Bon Jovi is a partner in the Lower Broadway bar alongside a Nashville real estate firm.
EXECUTIVE SUMMARY
JBJ's Nashville is a 36,767 Sq Ft five-story, Class A Fit & Finish, full-service restaurant, bar, and entertainment venue equipped with a featuring a state-of-the-art service basement with a fully built-out, multi-million-dollar industrial kitchen — the largest fullservice kitchen on Broadway. The property opened for business in June of 2024 with frontage on both Broadway and Fourth Avenue. After two years of entitlement and site work, 405 Broadway was the first ground-up development on Lower Broadway since 2018. The property was designed to be the premier asset on one of the most visited streets in America. The investment will offer a net operating income initially at $6,443,525 and will increase by 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
36,767 SF
Building Class
B
Year Built
2024
Price
$130,000,000
Price Per SF
$3,535.78
Cap Rate
4.96%
NOI
$6,443,525
Tenancy
Single
Building Height
5 Stories
Building FAR
5.00
Lot Size
0.17 AC
Zoning
DTC
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 093-06-4-109-00 | Improvements Assessment | $2,247,560 |
| Land Assessment | $1,394,000 | Total Assessment | $3,641,560 |
PROPERTY TAXES
Parcel Number
093-06-4-109-00
Land Assessment
$1,394,000
Improvements Assessment
$2,247,560
Total Assessment
$3,641,560
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Jon Bon Jovi's - Nashville | 405 Broadway
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