Investment Opportunity | The Shoppes on Gallatin Ave.

Highlights:

• Long-Term Leases
• Low Market Vacancy Rate
• Experienced Tenant Leadership the Shoppes
• Retail Prominence
• New Class A Construction

Description:

The Shoppes on Gallatin Ave. is a recently completed, 14,981 SF Class-A retail center located in the heart of East Nashville. Fronting Gallatin Avenue, this center is ideally situated with more than 26,222 cars per day traveling past the site. This on-street retail center offers a healthy mix of tenants,—over 60% of the space is leased by tenants in the medical industry—resulting in heavy foot traffic. The Shoppes completed its lease up campaign in less than one year and is now 100% leased and fully stabilized. All rents are set to commence by August 2019 and several of the retailers are already open and paying rent. With the exception of one, all of the leases are 10-year terms. This, coupled with market rent escalations, ensures years of durable cash flow with solid income appreciation for investors. The Shoppes on Gallatin Ave. is one of the few ground-up, Class-A retail buildings to be constructed in the East Nashville neighborhood. With its unrivaled tenant mix, this asset is strongly positioned to be a legacy asset.

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