iconic rock bottom restaurant & brewery - 111 broadway

Iconic Rock Bottom Restaurant & Brewery - 111 Broadway

Nashville, Tennessee 37201EXCL US I VE NET LEA SE O FFER I NG

T H E N N N P R O G R O U P

Marcus & Millichap hereby advises all prospective purchasers ofNet Leased property as follows:

The information contained in this Marketing Brochure has beenobtained from sources we believe to be reliable. However,Marcus & Millichap has not and will not verify any of thisinformation, nor has Marcus & Millichap conducted anyinvestigation regarding these matters. Marcus & Millichap makesno guarantee, warranty or representation whatsoever about theaccuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’sresponsibility to independently confirm the accuracy andcompleteness of all material information before completing anypurchase. This Marketing Brochure is not a substitute for yourthorough due diligence investigation of this investmentopportunity. Marcus & Millichap expressly denies any obligationto conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in thisMarketing Brochure are for example only and do not representthe current or future performance of this property. The value of anet leased property to you depends on factors that should beevaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisorsshould conduct a careful, independent investigation of any netleased property to determine to your satisfaction with thesuitability of the property for your needs.

Like all real estate investments, this investment carries significantrisks. Buyer and Buyer’s legal and financial advisors must requestand carefully review all legal and financial documents related tothe property and tenant. While the tenant’s past performance atthis or other locations is an important consideration, it is not aguarantee of future success. Similarly, the lease rate for someproperties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected saleswith little or no record of actual performance, or comparablerents for the area. Returns are not guaranteed; the tenant andany guarantors may fail to pay the lease rent or property taxes, ormay fail to comply with other material terms of the lease; cashflow may be interrupted in part or in whole due to market,economic, environmental or other conditions. Regardless oftenant history and lease guarantees, Buyer is responsible forconducting his/her own investigation of all matters affecting theintrinsic value of the property and the value of any long-term

lease, including the likelihood of locating a replacement tenant ifthe current tenant should default or abandon the property, andthe lease terms that Buyer may be able to negotiate with apotential replacement tenant considering the location of theproperty, and Buyer’s legal ability to make alternate use of theproperty.

By accepting this Marketing Brochure you agree to releaseMarcus & Millichap Real Estate Investment Services and hold itharmless from any kind of claim, cost, expense, or liability arisingout of your investigation and/or purchase of this net leasedproperty.

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure isproprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Marcus & Millichap and shouldnot be made available to any other person or entity without thewritten consent of Marcus & Millichap. By acceptance of thisinformation, the recipient agrees to treat this information asstrictly confidential, not to use it for any purpose other than inconnection with an analysis of the potential sale of the propertyfrom the owner as contemplated herein and that the owner ofthe property may enforce these restrictions. This MarketingBrochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only apreliminary level of interest in the subject property. Theinformation contained herein is not a substitute for a thoroughdue diligence investigation. Marcus & Millichap has not made anyinvestigation, and makes no warranty or representation, withrespect to the income or expenses for the subject property, thefuture projected financial performance of the property, the sizeand square footage of the property and improvements, thepresence or absence of contaminating substances, PCB’s orasbestos, the compliance with State and Federal regulations, thephysical condition of the improvements thereon, or the financialcondition or business prospects of any tenant, or any tenant’splans or intentions to continue its occupancy of the subjectproperty. The information contained in this Marketing Brochurehas been obtained from sources we believe to be reliable;however, Marcus & Millichap has not verified, and will not verify,any of the information contained herein, nor has Marcus &Millichap conducted any investigation regarding these mattersand makes no warranty or representation whatsoever regardingthe accuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verify all of

the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”)is not affiliated with, sponsored by, or endorsed by anycommercial tenant or lessee identified in this marketing package.The presence of any corporation’s logo or name is not intended toindicate or imply affiliation with, or sponsorship or endorsementby, said corporation of M&M, its affiliates or subsidiaries, or anyagent, product, service, or commercial listing of M&M, and issolely included for the purpose of providing tenant lesseeinformation about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASECONSULT YOUR MARCUS & MILLICHAP AGENT FOR MOREDETAILS.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage oftheir opportunities and obligations to conduct thorough duediligence and seek expert opinions as they may deem necessary,especially given the unpredictable changes resulting from thecontinuing COVID-19 pandemic. Marcus & Millichap has not beenretained to perform, and cannot conduct, due diligence on behalfof any prospective purchaser. Marcus & Millichap’s principalexpertise is in marketing investment properties and acting asintermediaries between buyers and sellers. Marcus & Millichapand its investment professionals cannot and will not act aslawyers, accountants, contractors, or engineers. All potentialbuyers are admonished and advised to engage other professionalson legal issues, tax, regulatory, financial, and accounting matters,and for questions involving the property’s physical condition orfinancial outlook. Projections and pro forma financial statementsare not guarantees and, given the potential volatility created byCOVID-19, all potential buyers should be comfortable with andrely solely on their own projections, analyses, and decision-making.

CONFIDENTIALITY & DISCLAIMER

About the Investment✓ This Iconic Nashville Property is Located Along Broadway in the Heart of

Downtown Nashville✓ Rock Bottom is Currently Paying an Extremely Below Market First Floor

R/SF of $17 – Roughly 80% Below Market, Providing the Investor With Massive Upside Potential

✓ Rock Bottom Restaurant & Brewery has Been at This Location Since 2002 & is the Only Brewery Located on Broadway

✓ Property Features a Unique 4-Story Mix of Both Event/Performance Space, Offices, Retail, Restaurant and Rooftop Attractions

✓ Strong Mix of Regional and National Corporate Tenants, With Long Lease Terms Remaining In addition to Upside Opportunities

✓ This is a Unique Opportunity to Own a Trophy 4-Tenant, Net Lease Property in the Heart of Lower Broadway, with Massive Potential Upside in the Coming Years

About the Location✓ Outstanding Real Estate Fundamentals – Located on Historic Lower Broadway

– One the Busiest Tourist Attractions & Most Visited Retail Corridors in the Country

✓ 15.2 Million Visitors Per Year✓ Property is Within Walking Distance to 5,000 Hotel Rooms Built in the Last

Five Years in Nashville | 1,100+ More Planned with the $1 Billion Nashville Yards Development

✓ 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

✓ Nashville Ranked as the 4th Best Economy in the United States✓ Strong Academic Presence – Vanderbilt University, Tennessee State

University, Nashville State Community College and Belmont University are all Within 7-Mile Radius – 44,000 Students

✓ Excellent Dense Demographics - 235,000 People Within a 5-Mile Radius

4111 Broadway, Nashville TN

Property Description

Property Rock Bottom Restaurant & Brewery

Property Address 111 Broadway

City, State, ZIP Nashville, TN 37201

Floors 4 + Basement

Building Size (SF) 50,303

Lot Size +/- .37 Acres

Type of Ownership Fee Simple

Investment SummaryThe subject property is a trophy asset located at 111Broadway in Nashville, TN. This iconic property is a 4-tenant building totaling 50,303 rentable square feet on0.37 acres of land. The tenants include Rock BottomBrewery on the first floor and rooftop, Wyndham –Margaritaville Vacation Club and Glen CampbellMuseum on the 2nd, with Platinum Companiesoccupying the 3rd.

The leases have varied terms remaining; both WyndhamMargaritaville and Glen Campbell Museum with 9 yearsof term, Rock Bottom Restaurant and Brewery has 2years 7 months remaining, and Platinum Companies has5 years remaining.

Investment Highlights PRICE: $37,000,000 | CAP Rate: 3.44% | NOI: $1,272,038

FINANCIAL OVERVIEW

Subject Property

6This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate InvestmentServices is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap (Activity ID: Z0330904) 66

Subject Property

Tenant Lease StartLease

ExpirationTerm

Remaining NOIRent

IncreasesOptions to

RenewSquare

Feet % of PremisesWyndham Vacation Ownership,

LLC 11/16/2018 10/31/2028* 9 Years* $315,712.02 *2.78%

Annually Two, 5-Year

Options 9,413 18.71%

Clearbrook Hospitality/Glen Campbell Museum 9/1/2019 9/31/2029 9 Years $189,711.58

3% Annually

Three, 5-Year Options 4,978 10.14%

Platinum Hospitality 8/28/2015 12/31/2025 5 Years $294,219.50 3%

Annually Two, 5-Year

Options 14,500 29%

Rock Bottom Brewery 9/19/2002 12/31/2022 2.75 Years $472,395 Flat Until Options

Two, 5-Year Options 21,412 42.80%

TOTAL $1,272,038.10


Rock Bottom Restaurants operates more than 30 brew pubs across theUnited States under the Rock Bottom Restaurant & Brewery brand. Itsrestaurants are located in more than 15 states, but the majority are inCalifornia, Colorado, and Illinois. The brew pub chain offers fish, pasta,and meat, plus a variety of microbrews produced on the premises. TheRock Bottom brand is owned by CraftWorks Restaurants & Breweries.CraftWorks Restaurants & Breweries, Inc. is the largest craft breweryrestaurant operator in the country with nearly 200 franchised andcompany-owned restaurants primarily operating under the Old ChicagoPizza & Taproom, Gordon Biersch Brewery Restaurants and RockBottom Restaurants & Breweries brands.

With full rooftop buyouts, guests have private access to the entire rooftoprestaurant. This space can accommodate up to 350 guests and includes acovered patio that overlooks 2nd avenue, a fully enclosed cocktail areaand an exposed patio that overlooks Broadway. Rock Bottom has thelargest rooftop on Broadway and boast views of Nissan Stadium, theCumberland River and downtown Nashville

Passionate about pints. Maniacal for malts. Rock Bottom always has beenand always will be about the beer. Every tank they tap represents hoursof planning, experimentation, ingenuity and precision by your local RockBottom Brewmaster. While they pride themselves on the remarkablyconsistent quality of their beers, they're just as dedicated to letting thepersonality, experience and particular expertise of each Brewmastershine through.

Rock Bottom Brewery

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Subject Property

Financial Analysis: Rock Bottom Restaurant & Brewery



Property Rock Bottom Brewery


City, State, ZIP Nashville TN 37201

Property Size (SF) 21,412

Floors Rooftop, Basement & First Floor

Lease Summary

Property Type Net Leased Restaurant & Bar

GuarantorCraftworks Restaurants & Breweries Group,

Inc

Original Lease Term10 Years - Rock Bottom Extended in 2012 for

10 Years

Rent Commencement 9/19/2002

Current Rent $472,395

1st Floor Rent/SF $17

Lease Expiration 12/31/2022

Lease Term Remaining 2.75 Years

Lease Type Triple-Net (NNN)

CAM – Proportionate ShareRock Bottom is Responsible for 42.80% of

the Building’s CAM Charges

Roof & Structure Tenant Responsible

Rental Increases Flat Until Option Periods

Options to Renew Two, Five-Year Options

8

Rent ScheduleLease Year(s) Annual Rent Monthly Rent Rent Escalation (%)

1/1/2018 – 12/31/2022 $472,395 $39,366 -

Option Periods 1/1/2023 – 12/31/2027 $535,931 $44,660 13.45%1/1/2028 – 12/31/2032 $608,194 $50,682 13.45%


Clearbrook Hospitality is Nashville’s premier hospitality group dedicatedto creating and delivering unforgettable group experiences in Music City.Their exclusive venues include the Glen Campbell Museum andRhinestone Stage and the National Museum of African American Music.

Located at the highly-trafficked corner of Broadway and 2nd Avenue, TheGlen Campbell Museum features more than four thousand square feet ofnever-before-seen artifacts from Glen Campbell’s early years on the farmin Arkansas through his climb to super-stardom, including many of hisguitars, instruments, and stage clothes by legendary Western WearClothiers, Nudie Cohn and Manuel Cuevas, as well as his extensivecollection of golf paraphernalia and intimate family photos.

Glen Travis Campbell (April 22, 1936 – August 8, 2017) was an Americansinger, guitarist, songwriter, television host, and actor. He was bestknown for a series of hit songs in the 1960s and 1970s, and for hosting amusic and comedy variety show called The Glen Campbell GoodtimeHour on CBS television, from January 1969 until June 1972. He released64 albums in a career that spanned five decades, selling over 45 millionrecords worldwide, including twelve gold albums, four platinum albums,and one double-platinum album.

Clearbrook Holdings /

Glen Campbell Museum

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Subject Property

Financial Analysis: Glen Campbell Museum



Property Glen Campbell Museum




Floor 2nd

Lease Summary

Property Type Net-Lease Museum

Guarantor Clearbrook Hospitality, LLC

Original Lease Term 10 Years*


Rent/SF $37





CAMGlen Campbell Museum is Responsible for

10.14% of the Buildings CAM Charges


Rental Increases 3.00% Annually

Options to Renew Three, Five-Year Options

*If Tenant’s gross sales do not exceed $1,466,186 by years 6-7, tenant shall have the right to terminate the lease.


9/1/2020 – 8/31/2021 $189,712 $15,809 3.00%9/1/2021 - 8/31/2022 $195,403 $16,284 3.00%9/1/2022 – 8/31/2023 $201,265 $16,772 3.00%9/1/2023 – 8/31/2024 $207,303 $17,275 3.00%9/1/2024 – 8/31/2025 $213,522 $17,794 3.00%9/1/2025 – 8/31/2026 $219,928 $18,327 3.00%9/1/2026 – 8/31/2027 $226,526 $18,877 3.00%9/1/2027 – 8/31/2028 $233,321 $19,443 3.00%9/1/2028 – 9/30/2029 $240,321 $20,027 3.00%


Wyndham Destinations (NYSE:WYND) believes in putting the worldon vacation. With significant size and scale advantages and a focuson delivering great vacation experiences worldwide, their globalcompany leverages industry-leading sales and marketing platformsto drive long-term, profitable growth.

Their global presence in approximately 110 countries at more than220 vacation club resorts and 4,300+ affiliated exchange properties,distinguishes Wyndham Destinations as the world’s largest vacationownership and exchange company. Each year their team of morethan 23,000 associates delivers great vacations to millions offamilies as they make memories of a lifetime. With 11 brands,Wyndham Destinations is the world's largest vacation ownershipand exchange company. The firm brings people together andinspires them to discover the world's greatest escapes.

A blend of enviable owner benefits, specially designedaccommodations, and experiences that promise changes inattitudes, Margaritaville Vacation Club isn't just a vacation... it's astate of mind. Margaritaville Vacation Club is part of WyndhamVacation Ownership, the world’s largest vacation ownershipcompany. With approximately 897,000 owner families around theworld, Wyndham Vacation Ownership is a leader in providing worldclass vacations.

Wyndham Destinations

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Subject Property

Financial Analysis: Wyndham – Margaritaville Vacation Club Offices



PropertyWyndham – Margaritaville Vacation

Club




Floor 2nd

Lease Summary

Property Type Net-Lease Office

Guarantor Wyndham Destinations Inc

Original Lease Term 10 Years



Rent/SF $33




CAM – Proportionate ShareWyndham is Responsible for 18.71% of the

Buildings CAM Charges


Rental Increases *2.78% Annually



3/1/2020 - 2/28/2021 $315,712 $26,309 -3/1/2021 - 2/28/2022 $324,466 $27,039 2.77%3/1/2022 - 2/28/2023 $333,408 $27,784 2.76%3/1/2023 - 2/28/2024 $342,727 $28,561 2.80%3/1/2024 - 2/28/2025 $352,234 $29,353 2.77%3/1/2025 -- 2/28/2026 $362,024 $30,169 2.78%3/1/2026 - 2/28/2027 $372,190 $31,016 2.81%3/1/2027 - 2/28/2028 $382,544 $31,879 2.78%3/1/2028 - 2/28/2029 $393,275 $32,773 2.81%

Option Periods3/1/2029 – 2/28/2034 Market Rent Market Rent -3/1/2034 – 2/28/2039 Market Rent Market Rent -


Headquartered in Nashville, Tennessee, Platinum Companiescurrently operates hotels across three states withongoing construction projects in eight states. By 2020, Platinum willhave over a dozen new projects in the pipeline across theU.S. Platinum Companies owns and operates premium selectservice to full-service luxury scale brands which include Hilton,Marriott and Intercontinental.

Platinum Management has increased asset value and revenueacross the Portfolio by a minimum of 25% year-over-year. Theirhotels continuously surpass industry standards for RevPARperformance while increasing bottom line profit.

Platinum Companies

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Financial Analysis: Platinum Companies



Property Platinum Companies




Floor 3rd

Lease Summary

Property Type Net-Lease Office

Guarantor Platinum Management Services, LLC

Original Lease Term 10 Years*


Rent/SF $22*






CAM –Proportionate Share Platinum is Responsible for 29.00% of

Buildings CAM Charges

Rental Increases 3.00% Annually



1/1/2020 - 12/31/2020 $294,220 $24,518 3.00%

1/1/2021 - 12/31/2021 $303,046 $25,254 3.00%

1/1/2022 - 12/31/2022 $312,137 $26,011 3.00%

1/1/2023 - 12/31/2023 $321,502 $26,792 3.00%

1/1/2024 - 12/31/2024 $331,147 $27,596 3.00%

1/1/2025 - 12/31/2025 $341,081 $28,423 3.00%

Option Periods--

Subject Property

LOCATION OVERVIEW

The subject investment property is strategically located on themain strip in the heart of Nashville, Tennessee, which was rankedas the strongest Metropolitan area economy in the United States.It has been stated by the U.S. Census bureau that Nashville "addsan average of 100 people a day to its net population increase.”Currently, there are 200 development projects in Nashville and 30cranes in the skyline.

Points of InterestThe subject property greatly benefits from its close proximity tosport arenas, retail shops, restaurants, tourist destinations, officebuildings and highly dense neighborhoods. The subject propertyis located on Broadway, which home to over 32 bars, restaurants,arenas, and other popular attractions. The property is located lessthan one half mile from Bridgestone Arena, which is home to theNHL’s Nashville Predators, this airy arena hosts varied sportsevents, shows & concerts. Additionally, the subject property islocated less than one mile from Nissan Stadium, which is home tothe Tennessee Titans and also host other events including theCountry Music Awards, which brings hundreds of thousands ofvisitors to the city each year.

16This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate InvestmentServices is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap (Activity ID: Z0330904)

Location Overview

Demographics and Pedestrian TrafficThe subject investment property benefits from its robustdemographics. More than 110,000 individuals reside within athree-mile radius and more than 235,000 in a five-mile radius. Theaverage income within a five-mile radius is approximately$74,000. Additionally, tourism in Nashville has been continuouslygrowing over the past several years. In 2018, over 15 millionpeople visited the city.

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Nashville Yards (0.8 Miles From Subject Property)Nashville Yards is the biggest development in the history of Nashville. The $1 billion development will feature more than $3.5 million squarefeet of Class-A office and creative space, more than 1,000 residential units, more than 400,000 square feet of retail and entertainment, andmore than 1,100 hotel rooms. The tax revenue to the city is estimated to exceed $20 million annually, totaling more than half a billion dollarsover the next 30 years. As far as construction-related jobs, the project will employ 3,000 full-time workers. Then, after it's opened, NashvilleYards will support nearly 15,000 permanent jobs, with an estimated economic impact of $2 billion a year.

New Amazon HQ (0.8 Miles From Subject Property)Amazon announced in November that it would open an "Operations Center of Excellence“ in the Nashville Yards development. Amazonplans to have 5,000 workers paid an average of $150,000 at the sprawling development under construction, which is the single largest jobscommitment made by a company in Tennessee’s history. The construction of the Center of Excellence, along with the ongoing operation ofit, will create thousands of jobs across several industries. The investments represents a $230 million direct investment from Amazon and willbenefit the city through over $1 billion in taxes.

5th & Broadway (0.3 Miles From Subject Property)Fifth + Broadway is a new mixed-use development located on the site of the old Nashville Convention Center. Taking advantage of its primelocation, Fifth + Broadway integrates with the vibrant urban fabric of Music City by inserting rich, pedestrian-focused spaces steps away fromicons such as Honky Tonk Row, the Ryman Auditorium, and the Bridgestone Arena. Two crystalline towers — one 350-unit residential and oneClass A office — frame the new development. Its mix of retail and restaurants, with a rooftop events space, a market hall, live music venue,and the highly anticipated National Museum of African American Music, will draw visitors from across Nashville to the new focal point ofdowntown’s renaissance.

Four Seasons Development (0.3 Miles From Subject Property)Construction is underway on Four Seasons Nashville Hotel and Private Residences on the downtown riverfront across from AscendAmphitheater. The site is being prepared for vertical development next year. The planned $400 million development will be 40 stories makingit the third largest building in the city.

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• 16.1 million visitors in 2019 (+6% over 2018)• $7.52 billion in direct visitor spending in 2019 (+8% over 2018)• In the past 5 years, Nashville demand (hotel rooms sold) has grown faster than

any other top 30 U.S. city• 112 new restaurants/bars/cafes opened in 2019, the 3rd year in a row with over

100 openings• The Sports Business Journal named Nashville the “Best Sports City” in 2019• Nashville ranked #6 on Cvent’s list of “Top 50 Meeting Destinations in the United

States”• Number of conferences in Nashville has more than doubled since 2014• Average income of visitor exceeded $98,000 in 2019

Subject Property

DEMOGRAPHICS


Economic DevelopmentThe Nashville region is home to more than 1.9 million people andmore than 40,000 businesses. Middle Tennessee is defined by adiverse economy, low costs of living and doing business, acreative culture and a well-educated population.

The greater Nashville, TN area was ranked as the strongestMetropolitan area economy in the United States in POLICOM’slatest annual community “economic strength” rankings. The areahas enjoyed consistent economic growth for a very long timedue to its diversified economy.

The past year yielded a dramatic business recruitment year forNashville. Amazon, Alliance Bernstein, EY and Smile DirectClub each chose Nashville for major hubs or expansions, inaddition to several smaller companies moving to the region fromthe coasts. Amazon was the biggest jobs announcement inTennessee's history, with 5,000 employees expected from theoperations center, and economic officials in Nashville areforecasting the business momentum continues. The NashvilleArea Chamber of Commerce points to 200 projects in thepipeline for the 10-county region, which has been consistent withthe past seven years.

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AboutNashville is the capital of the state of Tennessee and the county seat ofDavidson County. Located in northern middle Tennessee, Nashville isthe core of the largest metropolitan area in Tennessee and ranks as the24th largest city by population in the United States. The city is a centerfor music, healthcare, publishing, banking, and transportationindustries. As the "home of country music", Nashville has become amajor music recording and production center. Since the 1960s,Nashville has been the second-largest music production center (afterNew York) in the United States. Nashville's music industry is estimated tohave a total economic impact of $6.4 billion per year and tocontribute 19,000 jobs to the Nashville area. Although Nashville isrenowned as a music recording center and tourist destination, itslargest industry is health care. Nashville is home to more than 300health care companies. As of 2012, it is estimated the health careindustry contributes U.S. $30 billion per year and 200,000 jobs to theNashville-area economy.

In recent times Nashville has been described as a "southernboomtown" as evidenced by the city having the third fastest growingeconomy in the United States. It has been stated by the United StatesCensus bureau that Nashville "adds an average of 100 people a day toits net population increase". The Nashville region was also stated to bethe "Number One" Metro Area for Professional and Business ServiceJobs in America, as well as having the “Hottest Housing Market inAmerica“, as stated by Zillow.

5th & BroadwayMixed-Use Development-Luxury Condos, Shopping Mall, Food Market, Class A

Officeshttps://www.fifthandb.com/

• Brand New Amazon Office• $230 Million Direct Investment

by Amazon• 5,000 Amazon Employee• Thousands of Jobs in Building,

Services, Hospitality, & Retail• Nashville will Benefit Through

$1 Billion in Tax Revenue

Four Seasons Development -$400 Million Building

40 StoriesThird Largest Building in the City

Nashville Yards Development• Biggest Development in History of Nashville• 3.5 Million+ SF of Class-A Office Space• 1,000+ Residential Units• 1,1000+ Hotel Rooms • 400,000+ SF of Retail & Entertainment

Grand Hyatt Hotel• 25 Stories • 591 Rooms

Over 5,000 Luxury Hotel Rooms Built in the Last Five Years!!

Countless Dining Options within a One-Mile Radius: https://www.nashvilledowntown.com/destinations/diningAnd Numerous Hotels:https://www.nashvilledowntown.com/destinations/hotelsNightlife Centered Around Broadway:https://www.nashvilledowntown.com/destinations/nightlife

Over 15 Million Tourists Annually

https://www.fifthandb.com/

https://www.nashvilledowntown.com/destinations/dining

https://www.nashvilledowntown.com/destinations/hotels

https://www.nashvilledowntown.com/destinations/nightlife

Broadway is a major thoroughfare in the downtown area in Nashville, Tennessee. It includes Lower Broadway, an entertainment district renowned

for honky tonks and live country music. The street is also home to retail shops, restaurants, dessert spots, tourist attractions, and a few hotels. While not quite as scandalous as Sin City, Nashville’s Broadway can certainly be wild

enough to give Bourbon Street a run for its money


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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate InvestmentServices is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap (Activity ID: Z0330904)

POPULATION

2023 Projection 12,176 110,173 234,758

2018 Estimate 11,468 110,081 235,321

2010 Census 9,851 93,917 207,024

2000 Census 7,330 93,370 210,648

INCOME

Average $68,661 $63,404 $73,994

Median $36,590 $37,243 $45,169

Per Capita $32,408 $28,016 $32,407

HOUSEHOLDS

2023 Projection 5,559 46,848 101,447

2018 Estimate 5,000 45,744 99,991

2010 Census 3,849 37,220 85,941

2000 Census 2,675 36,296 86,234

HOUSING

2018 $265,341 $240,420 $213,879

EMPLOYMENT

2018 Daytime Population 66,044 276,499 436,524

2018 Unemployment 7.53% 5.56% 4.50%

2018 Median Time Traveled 19 Mins 21 Mins 22 Mins

RACE & ETHNICITY

White 43.24% 46.00% 52.95%

Native American 0.10% 0.05% 0.07%

African American 49.41% 45.84% 37.54%

Asian/Pacific Islander 3.01% 3.28% 2.79%

1 Mile 3 Miles 5 Miles

T H E N N N P R O G R O U P

TN Broker of Record:

Jody McKibben

Regional Manager,

Nashville,

Lic.# 307629

iconic rock bottom restaurant & brewery - 111 broadway

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