405 Broadway - Restaurant FOR SALE


Nashville, TN 37203- The District
$130,000,000 USD
207-272-2425
405 Broadway, Nashville, TN for Sale
$130,000,000 USD
Restaurant - FOR SALE
1/2
null | 4.96% Cap Rate

405 Broadway
Nashville, TN 37203
The District


HIGHLIGHTS

  • Thriving Economic Sector | Nashville’s economy rests on three strong pillars: state government, higher education, and healthcare.
  • Twenty-Year Triple Net (NNN) Sale Leaseback |The lease is structured as a triple-net (NNN) lease.
  • Brand New Development | Following two years of entitlements and site work.
  • Celebrity-Backed Brand | Jon Bon Jovi is a partner in the Lower Broadway bar alongside a Nashville real estate firm.
  • Outstanding Real Estate | This property benefits from exceptional real estate fundamentals, ideally located on Broadway.

OVERVIEW

JBJ's Nashville is a 36,767 Sq Ft five-story, Class A Fit & Finish, full-service restaurant, bar, and entertainment venue equipped with a featuring a state-of-the-art service basement with a fully built-out, multi-million-dollar industrial kitchen — the largest fullservice kitchen on Broadway. The property opened for business in June of 2024 with frontage on both Broadway and Fourth Avenue. After two years of entitlement and site work, 405 Broadway was the first ground-up development on Lower Broadway since 2018. The property was designed to be the premier asset on one of the most visited streets in America. The investment will offer a net operating income initially at $6,443,525 and will increase by 2.00% annually.

FOR SALE DETAILS

PRICE

$130,000,000 USD

PRICE/SF

$4,333 USD /SF

CAP RATE

4.96%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jon Bon Jovi's - Nashville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

DTC

APN/PARCEL ID

093-06-4-109-00

ASK ABOUT THIS PROPERTY

Christopher UrbanSurmountMore Info
207-272-2425

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

Christopher UrbanSurmountMore Info
207-272-2425

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