FOR SALE Colliers International | Nashville · 2018. 8. 17. · Urgent Care and Walk-In Clinics,...
Transcript of FOR SALE Colliers International | Nashville · 2018. 8. 17. · Urgent Care and Walk-In Clinics,...
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FOR SALE1 9 0 5 -1 9 0 7 G A LL AT I N P I K E N , M A D I S O N , T N 3 7 1 1 5
Woody W. Widenhofer Vice President615 850 2795 [email protected]
Colliers International | Nashville 615 3rd Avenue S, Suite 500
Nashville, TN 37210615 850 2700
colliers.com/nashville
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P. 2 : 1905-1907 GALLATIN PIKE NORTH
INVESTMENT HIGHLIGHTSTwo Strong Credit Tenants:• Starbucks, the most recognized international coffee
brand with more than 27,000 retail stores, serving
70 countries and revenues in excess of $22B in
2017..
• Urgent Team, a regional medical group with over 40
Urgent Care and Walk-In Clinics, serving Alabama,
Arkansas, Mississippi, and Tennessee.
Strategically Positioned: Located across from Rivergate Mall in one of Nashville’s
regional retail trade areas, comprised of 10.7M square
feet of retail space and total expenditures in excess of
$2.28B within a 5-mile radius.
Great Exposure:Visible from the main retail corridor, Gallatin Pike, with
traffic counts of 35,892 vehicles per day (TDOT).
Rental Increases:Both tenants have contracted rental increases in place.
Triple Nets:Both tenants pay their proportionate share of operating
expenses.
PROPERTY OVERVIEW
Center GLA 4,078
Physical Occupancy 100%
Year Built 1995
Parcel Size 0.70 acres (162’ x 257’)
In-Place NOI $144,540
Tax ID Number 034-02-0-106.00
Offering Price $2,312,640
Cap Rate 6.25%
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1905-1907 GALLATIN PIKE NORTH : P. 3
SITE PLAN
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P. 4 : 1905-1907 GALLATIN PIKE NORTH
PROPERTY AERIAL