1004 Gallatin Ave - Freestanding FOR SALE


Nashville, TN 37206- East Nashville
$1,572,000 USD
702-326-3535
1004 Gallatin Ave, Nashville, TN for Sale
$1,572,000 USD
Freestanding - FOR SALE
1/7
null | 5.48% Cap Rate

1004 Gallatin Ave
Nashville, TN 37206
East Nashville


HIGHLIGHTS

  • Corporate-Guaranteed National Tenant: Buffalo Exchange, a 40+ unit national resale-apparel chain, guarantees the lease at the corporate level
  • Rent Growth Tailwind: Submarket asking retail rents rose 5.8% year-over-year
  • High-Traffic Infill Corridor: Gallatin Ave. carries over 25,000 vehicles per day at the property, with nearby arterials seeing up to ~55,000 VPD
  • Strong, Growing Trade Area with a median household income of $104,121 within one mile and population and household growth both projected above 6%
  • East Nashville is experiencing rising discretionary spending power, increasing tenant demand, fast lease-up, and consistent rent growth

OVERVIEW

EXECUTIVE SUMMARY: This offering presents a rare opportunity to acquire a single-tenant net-leased retail investment on the Gallatin Avenue corridor in Nashville, TN. The + 2,400 SF freestanding building with a + 3,500 SF outdoor patio sits on a + 9,148 SF (0.21 AC) infill parcel and is 100% leased to Buffalo Exchange, a national resale-apparel retailer, under a corporate-guaranteed NNN lease. With five (5) years remaining on the primary term, in a low vacancy submarket, this asset offers a durable, low-management income stream backed by a national credit tenant who sought out this location in a rapidly growing and appreciating area. ABOUT THE TENANT: Founded in 1974 in Tucson, Arizona, by Kerstin and Spencer Block, Buffalo Exchange pioneered the resale fashion industry, buying, selling and trading clothing and accessories for over 50 years. The company operates more than 40 stores nationally, remains privately held and family-run, with Kerstin's daughter, Rebecca Block, continuing to run the company as CEO. The buy-sell-trade model sources inventory locally, so each store reflects its neighborhood's fashion and culture, driving loyal, largely Gen Z/millennial foot traffic.

FOR SALE DETAILS

PRICE

$1,572,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

MUG

APN/PARCEL ID

083-01-0-158

ASK ABOUT THIS PROPERTY

Dana BerggreneXp CommercialMore Info
702-326-3535

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

Dana BerggreneXp CommercialMore Info
702-326-3535

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