RESTAURANT SPACE F O R L E A S E 155 5TH AVE N. NASHVILLE, TN Elam Freeman C: 615.715.0220 E: efreeman@bsmproperties.com
F E A T U R E S THE BUILDING 6000 SF - 8372 SF available for restaurant tenant on street level of Tennessee's tallest residential building and premier address 9000 cars on 5th Avenue and Church street per day Floor-to-ceiling, curved façade glass tower 505 is 45 stories, totaling 543-units and will be home to over 800 residents 505 is breaking records for highest rental and condo sale rates in the city Average incomes of condo and apartment residents is $150,000 505 is home to Stay Alfred, a premium boutique hotel with 140 units DELIVERY CONDITION Passenger elevator installed serving ground level, mezzanine and level 2 Nana wall installed on level 2 providing dramatic open air environment Product lift installed with direct access to St. Cloud alley, open air loading dock and trash compactor Valet lane at ground floor entrance along 5th Avenue Delivered in restaurant shell condition with grease trap installed Tenant improvement allowance available
T H E P O S S I B I L I T I E S 6000 SF - 8372 SF available for restaurant tenant 9000 cars on 5th Avenue and Church street per day Ground floor of 45-story residential skyscraper Floor-to-ceiling, curved façade glass tower 505 totals 543-units and home to over 800 residents once stabilized 505 breaking records for highest rental and condo sales rates in the city 505 is home to Stay Alfred, a premium vacation rental operator with 140 units Passenger elevator installed serving ground level, mezzanine and level 2 Nana wall installed on level 2 providing dramatic open air environment Product lift installed with direct access to St. Cloud alley, open air loading dock and trash compactor Valet lane at ground floor entrance along 5th Ave Delivered in restaurant shell condition with grease trap installed Tenant Improvement allowance available
T H E F L O O R P L A N LEVEL ONE MEZZANINE LEVEL LEVEL TWO 6000 SF - 8372 SF available for restaurant tenant 9000 cars on 5th Avenue and Church street per day Ground floor of 45-story residential skyscraper Floor-to-ceiling, curved façade glass tower 505 totals 543-units and home to over 800 residents once stabilized 505 breaking records for highest rental and condo sales rates in the city 505 is home to Stay Alfred, a premium vacation rental operator with 140 units Passenger elevator installed serving ground level, mezzanine and level 2 Nana wall installed on level 2 providing dramatic open air environment Product lift installed with direct access to St. Cloud alley, open air loading dock and trash compactor Valet lane at ground floor entrance along 5th Ave Delivered in restaurant shell condition with grease trap installed Tenant Improvement allowance available
T H E P E R S P E C T I V E LEVEL ONE MEZZANINE LEVEL LEVEL TWO MEZZANINE LEVEL LEVEL ONE LEVEL TWO MEZZANINE LEVEL 6000 SF - 8372 SF available for restaurant tenant 9000 cars on 5th Avenue and Church street per day Ground floor of 45-story residential skyscraper Floor-to-ceiling, curved façade glass LEVEL tower 505 totals 543-units and home to over 800 ONE residents once stabilized 505 breaking records for highest rental and condo sales rates in the city 505 is home to Stay Alfred, a premium vacation rental operator with 140 units LEVEL TWO Passenger elevator installed serving ground level, mezzanine and level 2 Nana wall installed on level 2 providing dramatic open air environment Product lift installed with direct access to St. Cloud alley, open air loading dock and trash compactor Valet lane at ground floor entrance along 5th Ave Delivered in restaurant shell condition with grease trap installed Tenant Improvement allowance available
N A S H V I L L E THE CITY Nashville is the 7th fastest growing city in the U.S. according to Forbes 50% of the U.S. population is within 600 miles of Nashville or a 2 hour flight 70% of U.S. is within 2-day trucking distance #8 Best-Performing City of 2017 by The Milken Institute #4 Metro in American City Business Journal 2017 Economic Index Third Fastest Growing Large Metro Economy according to U.S. Bureau of Labor #1 Metro Area for Top Cities Americans are Moving To by Realtor.com Tennessee s taxes are some of the lowest in the nation with no state income tax THE NEIGHBORHOOD Located in Central Business District Adjacent to Downtown Arts District, the Nashville Arcade, Historic Printer's Alley, and five boutique hotels, including The Dream and 21C Numerous neighborhood restaurants include Puckett's, Morton's Steakhouse, Jeff Ruby's Steakhouse, and Deacon's New South Neighborhood Entertainment includes Live on the Green, Downtown Art Crawl, TN Performing Arts Center, and Nashville Predators Games Within 1 mile of Music City Center, City Winery, Country Music Hall of Fame, The Ryman (2017 Theatre of the year by Pollster), and Top Golf 2 blocks from Bridgestone arena, which receives 13M visitors annually
L O C A L S RESIDENTIAL Downtown residential population increased 16% from July 2017 to July 2018 and doubled from 2010 to 2017 11,500 units projected by 2023 Residential units have remained at 95% occupancy for 8 consecutive years 59% of downtown households earn over $100,000 and 34% earn over $150,000 per year 4.9M locals visit downtown annually OFFICE 65,000+ employees downtown 505 is within easy walking distance to Bridgestone's North American HQ (2,897), HCA's HQ (10,613), Asurion's HQ (3,600), Lifeway's HQ (1,229), and Alliance Bernstein's HQ (a NYC reloaction bringing 1,000 new jobs) 39,590 employees within 1/2 mile of 505 Downtown Class A office vacancy is 3.2%
T O U R I S T S In 2017, Nashville hosted 14.5 million visitors, a 4.6% increase over 2016 Annual visitor spending generates $6B The Nashville Airport has a $1.2B expansion underway, including international flights As of December 2017, Nashville experienced growth in hotel rooms sold in 82 out of the last 85 months 7.5 million hotel rooms sold and 588,700 Airbnb guests in Nashville in 2017 12,390 downtown hotel rooms online, under construction, and planned The Nashville convention center is a $623 million, 1.2 million-square foot project 3 blocks from 505 on 5th Avenue #4 best summer vacation in USA according to U.S. News 2018 Named one of the best places to travel by Travelociy in 2018 Nashville was named in Business Insider s list of 33 trips everyone should take in 2018 Nashville top of list of Best Places to Go in 2018 by Condé Nast Traveler CMA Music Fest brought $57.7 million in visitor spending in 2017 Nashville is consistently ranked in the top convention cities in the U.S.
R E S T A U R A N T S C E N E In 2017, when visitors were asked the specific Nashville experiences most important in their decision to visit, Nashville's restaurant scene ranked #4 out of 14 categories 7 Nashville restauranteurs were James Beard Award semi-finalists in 2018 113 Restaurants and Bars opened in 2017, up from 53 in 2015 Music City Food + Wine Festival is the brainchild of Grammy award-winning artists (and Nashville residents) Kings of Leon, world renowned chef Jonathan Waxman, Austin-based C3 Presents (producer of Austin Food + Wine Festival, Austin City Limits Music Festival, and Lollapalooza), and Vector Management s Ken Levitan and Andy Mendelsohn @nashvillefoodfan has 85k followers and there are 120k instagram posts tagged with #nashvilleeats
N A T I O N A L F A V O R I T E S I N M U S I C C I T Y