20 RUTLEDGE STREET NASHVILLE, TN ,150 SF MARQUEE RESTAURANT AVAILABLE FOR SALE OR FOR LEASE
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1 20 RUTLEDGE STREET NASHVILLE, TN ,150 SF MARQUEE RESTAURANT AVAILABLE FOR SALE OR FOR LEASE
2 20 Rutledge Street, Nashville, TN An OPPORTUNITY to feed the SoBro market s GROWING Appetite
3 City Lights Overview: Scheduled for construction completion Q is City Lights, a 71-unit luxury condominium project located in Nashville s SoBro district. This 7-story development best-inclass residential condos ranging from $469,000-$3M (as of Q2 2018, 50% of the 71 condos are already pre-sold). Scheduled completion is Q (restaurant space delivered as early as possible prior to this). Project Location: City Lights is ideally located in Downtown Nashville, where over 13 million tourists and locals visit each year. The project is located just 5 blocks from the 1.2M SF Music City Convention Center, and is just blocks from the Ascend Amphitheater and the sites for six of Nashville s newest hotels under construction or recently completed. City Lights is located within SoBro, a downtown district which has recently experienced explosive growth in residential, office and hospitality density. Nearby landmarks include Sean Brock s award-winning Husk restaurant, artisanal coffeehouse, Crema, and across 1st Avenue, trendy hang out spot, Pinewood Social. In Q Eakin Partners broker ground on Peabody Plaza, a $175M venture to include 280,000 SF of offices and 12,000 SF of retail. Eakin is also partnering with Ray Hensler, who will develop a 26-story, 225-unit residential structure at the same site.
4 Restaurant Summary: Target Restaurateur: Available Restaurant Space: Rent, Operating Expenses & Utilities: Outdoor Patio: Restaurant Parking: Ceiling Heights: Trash: Delivery Conditions: The City Lights developer is looking for an experienced restaurant operator who will capitalize on the unique space and the momentus activity in SoBro and greater Downtown Nashville. The ideal restaurant will feature a menu that encourages weekly or more visits for lunch or dinner. Available for lease or sale is a marquee restaurant space including a 5,150 SF demised space and additional +600 SF outdoor patio Developer will charge market NNNs which are to be determined. All utilities will be separately metered. Tenant will pay utilities directly A +600 SF outdoor patio is located on the north side and adjacent to the restaurant space. The outdoor patio will provide restaurant guests with sweeping 270 degree skyline views stretching from midtown to the Cumberland River On-site parking may be leased or purchased for use by the future restaurant and its patrons. Free off-site street parking is also available in the area. Developer has designed area(s) for a future valet program usable by the restaurant operation. Ceiling heights up to from interior floor to bottom of deck above A dumpster/compactor will be located adjacent to the restaurant premises Floor: Poured concrete floor Grease Trap: Developer will deliver a grease trap with drain line stubbed to the restaurant premises Sprinkler: Developer will deliver fire protection with upturned sprinkler heads HVAC: Developer will provide HVAC equipment equal to 1-ton per 175 SF of demised restaurant space Electric: Developer will include an electrical panel within the restaurant premises. 400 amp 120/208V-3PH-4W will be available Gas: 2 natural gas service will be delivered to the premises Water: 2 domestic water supplied to the premises Sewer: 4 sanitary line stubbed to Premises
5 Example Restaurant Plan 5,150 SF AVAILABLE RESTAURANT SPACE +600 SF OUTDOOR PATIO
6 Project Elevation 5,150 SF AVAILABLE RESTAURANT SPACE
7 View of SoBro 505 NASHVILLE 550 APTS PINNACLE OFFICE BLDG 520,000 SF JW MARRIOTT 468 ROOMS BRIDGESTONE HQ 500,000 SF SHERATON 474 ROOMS SOBRO APTS 313 APT UNITS 10K SF RETAIL WESTIN 452 ROOMS THE JOSEPH 297 ROOMS OMNI 800 ROOMS CONVENTION SPACE COUNTRY MUSIC HALL OF FAME ENCORE 333 CONDOS 20K SF RETAIL RYMAN AUDITORIUM 222 2ND AVE 362K SF OFFICE 30K SF RETAIL OLMSTEAD SOBRO 328 APTS TRU BY HILTON HOME 2 SUITES 233 ROOMS HILTON GARDEN INN 214 ROOMS DRURY PLAZA 390 ROOMS HYATT PLACE 255 ROOMS PEABODY ST RUTLEDGE ST CREMA HERMITAGE AVE UNDER C PEABOD 280,000 S 12,000 SF
8 Downtown Market NASHVILLE PUBLIC LIBRARY 5/3 BANK BLDG 489,000 SF FIRST TENN BANK BLDG 480,000 SF SHERATON 474 ROOMS 505 NASHVILLE 550 APTS VIRIDIAN 305 CONDOS ONE NASHVILLE PLACE 411,000 SF CUMBERLAND 289 APTS BLVD CHARLOTTE AVE MDHA GARAGE 1,010 PARKS 7,900 SF RETAIL PARKS RENAISSANCE 649 ROOMS AT&T BLDG 690,000 SF SUNTRUST PLAZA OFFICE BLDG ROSA 340,000 SF COMMERCE ST 5TH + BROADWAY 400K SF OFFICE, 350 RESIDENCES 230K SF RETAIL HUME-FOGG MAGNET SCHOOL RYMAN AUDITORIUM LOWER BROADWAY & 2ND AVENUE ENTERTAINMENT DISTRICT BROADWAY FRIST CENTER FOR THE VISUAL ARTS GRUNDYST EMBASSY SUITES (432 ROOMS) CURIO (260 ROOMS) BRIDGESTONE HQ 500,000 SF DEMONBREUN ST VE 8TH A E HILTON GARDEN INN 214 ROOMS PEABODY ST PEABODY ST OLMSTEAD SOBRO 328 APTS HOLIDAY INN 230 ROOMS TRU BY HILTON HOME 2 SUITES 233 ROOMS RM ITA GE AV E PEABODY PLAZA 280,000 SF OFFICE 12,000 SF RETAIL GE S ST THE JOSEPH 297 ROOMS LED E HE 3-FLAG MARRIOTT 468 ROOMS RUT TT AVE YE AVE FA DRURY PLAZA 390 ROOMS 2ND PLANNED: ONE KVB 425,000 SF OFFICE 25,000 SF RETAIL 30-STORY HAMPTON INN 207 ROOMS VE LA MARGARITAVILLE 238 ROOMS OMNI 800 ROOMS CONVENTION SPACE ASCEND AMPHITHEATER SEATING FOR 6,800 3RD A AV 222 2ND AVE 362K SF OFFICE 30K SF RETAIL HYATT PLACE 255 ROOMS 4TH AVE 5TH AVE H SOBRO APTS 313 APT UNITS 10K SF RETAIL 1ST 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES KOREAN VETERANS BLVD 8T ENCORE 333 CONDOS 20K SF RETAIL COUNTRY MUSIC HALL OF FAME JW MARRIOTT 468 ROOMS WESTIN 452 ROOMS PINNACLE OFFICE BLDG 520,000 SF HILTON 330 ROOMS BRIDGESTONE ARENA 6TH AVE CAMBRIA SUITES 255 ROOMS 7TH AVE JUDICIAL BLDG T LEA AVE PLANNED: HYATT HOUSE 200 ROOMS 615 THIRD OFFICES 125K SF LEA AVE
9 Downtown Nashville Statistics DOWNTOWN NASHVILLE HAS 65,000 OFFICE DAYTIME OFFICE WORKERS 27 TOWER CRANES I N NASHVILLE S URBAN CORE OVER 1,000 DOWNTOWN EVENTS PER MONTH DOWNTOWN NASHVILLE WILL HAVE 13,000 RESIDENTS BY M SF OFFICE SPACE UNDER CONSTRUCTION $3.5B IN BUILDING PERMITS APPROVED BY METRO NASHVILLE DURING FISCAL YEAR S ARE SCHEDULED TO OPEN DOWNTOWN IN 2018 ADDING ROOMS IN ALL PHASES OF DEVELOPMENT IN NASHVILLE 2,639 ROOMS 14,390 ROOMS
10 FOR LEASING INQUIRIES: AUSTIN BENEDICT JOHN MAXWELL JARRATT BELL CBRE, Inc CBRE, Inc Rochford Bell Real Estate CBRE ROCHFORD BELL REAL ESTATE 222 2nd Avenue South #1800 Nashville, TN Abbott Martin Rd #200 Nashville, TN CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. PMStudio_October2016. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
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