Retail    

Northside Marketplace

 Madison (Nashville), Tennessee

Asking Price:
$23,990,000

Cap Rate (Year 1):
8.40%

Cap Rate (Year 3):
9.00%

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Land Area

+/- 21.52 AC

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Occupancy

97.9%

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Total GLA

+/- 189,103 SF

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# of Tenants

15

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Square Feet

10,000 SF

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Leases

NNN

For more details on this exclusive listing

Execute the NDA

INVESTMENT HIGHLIGHTS

  • NASHVILLE MSA
    #1 Fastest Growing Economy in the U.S. (2021)
  • BRAND NEW LEASE RENEWALS
    Dick’s Sporting Goods & Best Buy in Oct-2023
  • 5 FORTUNE 500 ANCHORS
    Account for 62% of Annual Base Rent
  • 77% ANNUAL BASE RENT
    from National Tenants
  • 100% NNN LEASES Across
    Entire Tenant Roster
  • 46 STRAIGHT QUARTERS
    Submarket Retail Rent Growth
  • 79% RETAIL RENT GROWTH
    Since 2010 in Submarket
  • TENNESSEE
    Non-Personal Income Tax State
  • IMMEDIATE NOI GROWTH
    7 Tenants with Year 1 Bumps (+$69K ABR)

Exclusively Listed By

Brandon Duff

Managing Director & SVP
  bduff@northmarq.com      +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
  mwolfgram@northmarq.com   

In Association With
Jason Long

TN Lic. #351553

Northmarq

303 East Wacker Drive | Suite 1111
Chicago, IL 60601

 

northmarq.com