408 Broadway - Storefront FOR SALE


Nashville, TN 37203
$58,823,529 USD
332-345-4222
408 Broadway, Nashville, TN for Sale
$58,823,529 USD
Storefront - FOR SALE
1/2
null | 4.25% Cap Rate

408 Broadway
Nashville, TN 37203


HIGHLIGHTS

  • Long Term NNN Investment 20-Year Sale-Leaseback
  • NOI of $2,500,000
  • Four (4), Five (5)-Year Renewal Options

OVERVIEW

The NNN Pro Group is pleased to present the Lucky Bastard Saloon, an iconic and trophy location on Broadway in the heart of downtown Nashville. The subject property is a 4 story, 15,608 square foot building. The property is subject to an absolute, triple-net lease with 20 years of term commencing at close of escrow. The base rent will be $2,500,000, with 2% annual increases starting year 1. There are four, 5-year option periods. This restaurant/bar benefits from exceptional real estate fundamentals, ideally located on Broadway which experiences roughly 15 million visitors each year. The property is within minutes from Nashville’s largest Event Venues and attractions; Including Nashville Convention Center, Bridgestone Arena, Home to NHL’s Nashville Predators, the 1.2 million square foot Music City Center, Nissan Stadium, Ryman Auditorium and Country Music Hall of Fame. Lucky Bastard Saloon boasted massive EBTIDA and revenues in 2023 and will continue to be show extremely healthy EBITDAR coverage going forward.

FOR SALE DETAILS

PRICE

$58,823,529 USD

PRICE/SF

$5,152 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lucky Bastard Saloon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,608 SF

ZONING

CF

APN/PARCEL ID

093-06-3-080

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.