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    408 Broadway Nashville, TN 37203

    For Sale
    Contact for pricing

    20-Year Sale-Leaseback with renewal options and rental increases.

    Property size:
    15,608 SF
    Lot size:
    0.09 Acres

    Property Features for 408 Broadway

    General Information

    Size
    15,608 SF
    Lot size
    0.09 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Term NNN Investment

    This property represents a long-term NNN investment opportunity featuring a 20-year sale-leaseback agreement. The property generates a net operating income (NOI) of $2,500,000. The lease includes four, five-year renewal options, providing extended stability. Rental increases are set at 2.00%. The property encompasses 15,608 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lucky Bastard Saloon Bar

    Suggested Use

    Dental Office Spa & Massage Hair Salon Nail Salon Food Market Restaurant Daycare Center Grocery Store Realty agency Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.7777008
    Latitude
    36.1610493

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    FAQs

    What type of property is this?
    NNN property - 20-Year Sale-Leaseback with renewal options and rental increases.
    Where is this nnn property located?
    The property is located at 408 Broadway Nashville, TN.
    What is the asking price?
    The asking price for this property is $58,823,529.
    What are key features of this property?
    This property features: - Long Term NNN Investment with a 20-Year Sale-Leaseback; - Features an impressive NOI of $2,500,000; - Benefit from Four (4), Five (5)-Year Renewal Options
    (332) 345-2408
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    408 Broadway Nashville, TN 37203
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    Nashville, TN 37203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 Broadway Nashville, TN 37203
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