For Sale
$8,900,000

2600 Clifton AveNashville, TN 37209

Multi-Tenant Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 18,002 square foot, multi-tenant retail portfolio situated in Nashville, Tennessee's vibrant City Heights neighborhood. The property, comprised of two buildings at 2600 and 2700 Clifton Avenue, boasts a prime location near Charlotte Avenue and I-40, offering convenient access and high visibility. Built in 2021, this Class A retail center features a mix of established local and national tenants, including Burn Boot Camp, Retrograde Coffee, A-ROI by Smiley Thai, and Sanctuary Salon. Five tenants currently occupy the space, with three additional units available for lease, providing potential for increased revenue. The property offers ample parking with over 30 spaces. Investors will benefit from a strong pro-forma NOI of $574,416 and a projected 6.45% cap rate. The property is a Net Lease (NNN) with 10-year lease terms and rent bumps included. The 0.25-acre lot is zoned for commercial use. This is a rare opportunity to acquire a well-constructed, high-performing retail center in a rapidly developing area of Nashville, offering significant potential for long-term growth and return on investment. The property's strong tenant mix, favorable lease terms, and prime location make it an attractive investment for discerning buyers. The current occupancy rate is 77%.

Highlights

  • Investment-grade, income-producing property with two buildings at 2600 & 2700 Clifton.
  • Approximately 5,500 square feet of vacant retail space available.
  • Newly constructed in 2021, featuring a mix of national and local tenants including Burn Boot Camp, Retrograde Coffee, A-ROI by Smiley Thai, and Sanctuary Salon.
  • Over 30 parking spaces provide ample customer and employee parking.
  • NNN leases with tenants responsible for 100% of CAM, taxes, insurance, and property management.
  • Excellent location, 0.3 miles from Charlotte Avenue, 1.5 miles from the West End Corridor, and 0.7 miles from I-40.

Property Details for 2600 Clifton Ave

Property type
Retail properties, Restaurants
Square Feet
18,002 SF
Class
A
Year Built
2021
Buildings
2
Stories
1
Lot Size (sq. ft)
10,890 SF
Units
7

Location Insight

City
Nashville
County
Davidson
State
Tennessee
Latitude
36.158412383534
Longitude
-86.81501668941
2600 Clifton Ave, Nashville, Tennessee

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2600 Clifton Ave
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