Wanderer East
Strong, proven cash flow with upside. Fully permitted STR units in East Nashville.
Marketing description
Property Highlights:
Location: Cleveland Park in East Nashville, TN. In close proximity to East Bank, Oracle Campus, and new Nissan Stadium.
Asset Type: 16 STR units + commercial space
Status: Fully operational STR portfolio, compliant with local regulations
Amenities: Modern furnishings, turnkey setups, professional management, walkable to retail, dining, and entertainment.
Zoning: Supports both STR and commercial uses.
Market Overview East Nashville benefits from strong tourism, a thriving local culture, and consistent population growth.
Tourism: Nashville welcomes 16.8M+ visitors annually
STR Market: 60–72% average occupancy, $175–$225 ADR
Commercial Demand: Strong small business and retail growth in the area.
Investment highlights
Financial Performance:
Investment Highlights: Rare large-scale urban STR portfolio in Nashville, immediate income from operation, commercial lease adds diversification. Multiple value-add strategies (rate optimization, reconfiguration, tenanting). Premier location in a high-demand submarket. Sold Fully furnished and turnkey.
Value-Add & Exit Strategy:
Short-term: Optimize ADR & occupancy, secure premium commercial tenant.
Medium-term: Upgrade finishes, add amenities, implement dynamic pricing.
Long-term: Hold for income or sell stabilized asset at premium cap rate.
Why Invest in 400 Douglas Ave: Strong, proven cash flow with upside, fully permitted STR units, East Nashville growth trajectory. Professional operations and management in place.
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