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28675592
21361831

2206 8th Ave S, Nashville, TN 37204

TK
TN 295753
Kelty Real Estate
Listed by Kelty Real Estate
$2,000,000
495 days on market
Updated 58 days ago

Have a 1031??FOR SALE -100% Leased -Nashville 2206 8thAve S

Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 3,816
Units 2
Tenancy Multi
Lease Type NNN
Lease Term 2.5
Remaining Term 2.5
Rent Bumps Yes
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $110,000
Year Built 1920
Buildings 1
Stories 2
Acreage 0.230
Zoning Commercial Service
Investment Type Owner/User
Ground Lease No

Retail | 3,816 SqFt

Marketing description

New Listing! Located on 8th Avenue South in a high traffic commercial corridor that parallels I-65. Close to downtown Nashville, Vanderbilt University, Belmont University and Music Row. Across the street from Publix grocery store, close to Zanie's comedy club. Dunkin Donuts and Starbuck's are building new stores between this property and Wedgewood Ave. Current commercial tenant is Urban Juicer. PLEASE DO NOT DISTURB THE TENANT. ALL PROPERTY TOURS NEED TO BE SCHEDULED. Lease expires 12.31.27 but we can provide 4 month’s notice to vacate during the term of the lease. The second floor has a 940 +/- square foot commercial space that has been leased for $1800 per month MG. Attention developers! The property across the street has been approved for 16 story, 120 unit multifamily development. We believe this is the next hot retail corridor for Nashville as it is sandwiched between 12 South and Wedgewood-Houston.

Investment highlights

100% Leased

NOI $110,000

High Traffic Location in the path of Development

Commercial Zoning

Listing Contacts

TK
TN 295753
Kelty Real Estate
Listed by Kelty Real Estate

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