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1420 3rd Ave SNashville, TN 37210
1420 3rd Avenue S
Asset ClassRetail, Office
100% Leased Creative Retail/Office Investment
overview of deal

Overview

Cushman & Wakefield is pleased to offer the rare opportunity to acquire a 100% leased creative retail/office investment in Nashville’s hottest neighborhood for investment, Wedgewood- Houston. The 19,543 sf property was completely renovated in 2018 with a new roof, HVAC, and mechanical systems. It is the only property in Wedgewood-Houston that boasts a parking ratio of 4 per 1,000 sf on-site parking. The property offers current income with annual increases backed by strong tenants with a proven track record of success, with rates that are 20% below market value, the offering is well positioned for long term success and added value for the next owner.

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Investment Highlights

  • Nashville is a top investment market in the Southeast
  • Wedgewood-Houston is considered one of the top opportunity zones for investment and development throughout the entire country
  • The opportunity offers a strong tenant mix with 100% occupancy and ability to push rents in future renewal discussions
  • Walkable to all Wedgewoood-Houston neighborhood attractions
  • Surrounded by approximately 3,000 multi-family units
  • The building was taken down to the studs and fully renovated in 2018. Improvements include: new windows, doors, roof, mechanical, electrical, plumbing and parking lot upgrades
1420 3rd Ave SNashville, TN 37210
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Listing provided by Revere CRE