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JBJ’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
- Twenty-Year Triple Net (NNN) Sale Leaseback
- Celebrity-Backed Brand
- Robust Urban Demographics
- Brand New Development
- Outstanding Real Estate
- Prime Location in Nashville’s Entertainment District
Executive Summary
Nashville’s iconic Lower Broadway continues to be a significant driver of the city's tourism and economy. In 2023, the area attracted a record-breaking 16.8 million visitors, marking a 4% increase from the previous year. These visitors contributed to an impressive $10.56 billion in consumer spending, underscoring Broadway's role as a central entertainment and hospitality destination. The consistent growth in both foot traffic and spending highlights Broadway's appeal and its importance to Nashville's vibrant tourism industry.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bar
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
5.28
Lot Size
0.16 AC
Zoning
DTC
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 093-06-4-109-00 | Improvements Assessment | $22,729,160 |
| Land Assessment | $3,345,600 | Total Assessment | $26,074,760 |
Property Taxes
Parcel Number
093-06-4-109-00
Land Assessment
$3,345,600
Improvements Assessment
$22,729,160
Total Assessment
$26,074,760
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JBJ’s Nashville | 405 Broadway
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