Offering Memorandum
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*recommended dimensions: 6” x 4” (horizontal version), *recommended dimensions: 6” x 4” (horizontal version), 200 DPI or higher 200 DPI or higher OFFERING MEMORANDUM FOWLER LAND TRACT Nolensville, TN PRESENTED BY PaulSteve Blackburn Broker Steve Broker John Agent John Agent SeniorExecutive Associate Vice President Investments First Vice President Investments Vice President Investments Vice President Investments Member,Palo Alto NationalOffice Land Group Sacramento/Reno Office Palo Alto Office Palo Alto Office NashvilleTel: (650) Office391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797 Tel:Fax: (615) (650) 997-2857 391-1715 Fax: (916) 724-1410 Fax: (650) 391-1715 Fax: (650) 391-1715 Fax:[email protected] (615) 997-2910 [email protected] [email protected] [email protected] [email protected]: CA 01234567 License: CA 01234567 License: CA 01234567 License: CA 01234567 NV 01234 NON-ENDORSEMENT AND DISCLAIMER NOTICE Non-Endorsements Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. FOWLER LAND TRACT Nolensville, TN ACT ID Y0480074 FOWLER LAND TRACT INVESTMENT OVERVIEW 3 FOWLER LAND TRACT OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $785,000 MAJOR EMPLOYERS Down Payment 100% / $785,000 Loan Amount $0 Loan Type All Cash EMPLOYER # OF EMPLOYEES * Lot Size (SF) 379,843 Quanta Service Nashville LLC 5,011 Price/SF $2.07 Quanta 5,006 Lot Size (Acres) 8.72 acre(s) Walmart 420 Price/Acre $90,023 Foundation For Health Care 400 Number of Lots 1 Ammed Homecare Pharmacy 350 Price/Lot $785,000 Simplicity Pattern 300 Type of Ownership Fee Simple Venture Express Inc 300 Ey 281 Venture Ex Inc La Vergne TN 280 Wirtgen America Inc 230 Hennessy Industries Inc 222 Lightning Source 221 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 2,460 24,650 75,528 2010 Census Pop 1,821 18,916 63,198 2016 Estimate HH 889 8,111 27,820 2010 Census HH 668 6,281 23,513 Median HH Income $94,863 $96,720 $79,550 Per Capita Income $45,291 $42,782 $40,423 Average HH Income $125,268 $129,988 $109,721 * # of Employees based on 5 mile radius 4# FOWLER LAND TRACT OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to offer this 8.72 acre parcel of land located within Nolensville, Tennessee in Williamson County. It is currently zoned Residential, however it is contiguous to 5.5 acre tract that has been recently rezoned commercial "CS" for Commercial Services. Re-entitlement of this subject property should be an effortless formality. The topology of this subject parcel is level with little to no height transition to road frontage. Utilities are accessible at road frontage including, gas, water, electrical, cable and fiber communications. INVESTMENT HIGHLIGHTS § 8.72 Acre Tract of Raw Undeveloped Land § Over 400 Linear Feet Of Road Frontage Along Nolensville Road § Level Parcel, Almost Pad Ready Topology § Utilities Are To Site at Road Frontage § Inside The Nolensville City Limits Within Williamson County #5 FOWLER LAND TRACT OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING Property Fowler Land Tract Price $785,000 Property Address 7106 Nolensville Rd,Nolensville,TN Assessors Parcel Number 033 108.00 Zoning Residential Utilities Peidmont Gas, City Water, NES Electricity, Comcast & AT&T Ingress/Egress Nolensville Road SITE DESCRIPTION Lot Size (SF) 379,842 Price/SF $2.06 Lot Size (Acres) 8.72 Price/Acre $90,000 Number of Lots 1 Price/Lot $785,000 Type of Ownership Fee Simple PROPERTY SUMMARY Flood Plain Minimal 500 Year FEMA Flood Plain Roads Kidd Road, Nolensville Road, Hwy #96, I-65 PUBLIC UTILITIES Sanitary Sewer Nolensville City Gas Peidmont Gas 6 PROPERTYFOWLER LAND NAME TRACT PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT SUMMARYOVERVIEWOVERVIEW MATRIXMATRIX 7106 Nolensville Rd, Nolensville, TN 37135 CLOSE PROXIMITY TO: # 7 FOWLER LAND TRACT REGIONAL MAP 8 FOWLER LAND TRACT LOCAL MAP 9 FOWLER LAND TRACT AERIAL PHOTO 10 FOWLER LAND TRACT MARKET OVERVIEW 11 FOWLER LAND TRACT MARKET OVERVIEW NASHVILLE Market Highlights Geography Music city The Nashville metro is located in the north-central portion of the state of Tennessee, in § The music industry provides jobs and supports a large hospitality sector. what is known as the Central Basin. The area is underlain primarily by limestone from the Ordovician Period. The Cumberland River, which snakes through the region, adds to Diversifying economy the local economic base and enhances Nashville’s quality of life. § Other major industries in the metro include healthcare, government, automotive, publishing, insurance and finance. Population growth § The population will increase at a faster pace than the nation over the next five years. Nashville-Davidson-Murfreesboro-Franklin, TN Metro 12 FOWLER LAND TRACT MARKET OVERVIEW NASHVILLE Metro The Nashville metro, with a population of nearly 1.8 million, has 13 counties: Davidson, Smith, Macon, Williamson, Cheatham, Sumner, Dickson, Robertson, Cannon, Rutherford, Hickman, Trousdale, Maury and Wilson. Nashville, the capital city, is also the largest in the metro with 646,600 residents, followed by Murfreesboro. Infrastructure Three major interstate highways intersect in Nashville, I-40, I-24 and I-65. In addition, I-440 serves as an inner beltway circling the city, and I-840 is an outer beltway. The region is home to numerous freight carriers and truck terminals. Air service to the region comes through the Nashville International Airport and several general aviation facilities, including the John C. Tune and Smyrna airports. Also, Nashville Air Cargo is an all-cargo complex located at the Nashville International Airport. Largest Cities in Metro by Population Nashville 646,600 The Port of Nashville, located on the Cumberland River, provides full river barge access to the Gulf of Mexico. Murfreesboro 120,600 Franklin 69,300 CSX Transportation has a major intermodal rail yard servicing the Southeast U.S. located nearby. In addition, the Hendersonville 55,100 Music City Star, a passenger commuter rail, runs between the city of Lebanon and downtown Nashville, and bus Smyrna 43,800 transit within the city is provided by the Metropolitan Transit Authority. Brentwood 41,700 The Nashville Metro is: Major Roadways * Forecast Sources: Marcus & Millichap Research Services; U.S. Census § 210 miles from Memphis § Interstates 24, 40, 65, 440 and 840 Bureau; Experian § 249 miles from Atlanta § U.S. 31, 41, 70 and 431 § 290 miles from Indianapolis Rail § 310 miles from St. Louis § Freight – CSX Airports § Commuter – Music City Star Rail § Nashville International Airport Ports § General aviation airports § Port of Nashville 13 FOWLER LAND TRACT MARKET OVERVIEW NASHVILLE Economy For many, country music and Nashville are synonymous. The metro is home to companies headquartered in the region: HCA Holdings, Dollar General, the Ryman Auditorium, Grand Ole Opry, Country Music Television and Music Community Health Systems, LifePoint Health, Delek US Holdings and Tractor Row. Music and entertainment have helped to establish a large tourism industry. Supply Co. Facilities such as the Gaylord Opryland Resort & Convention Center, the Nashville Convention Center and the 1.2 million-square-foot Music City Center Institutions of higher learning in the metro include Middle Tennessee State have all played a role in expanding the hospitality and tourism segment. University, Lipscomb University, Belmont University, Vanderbilt University and Tennessee State University. Education, healthcare and government employment Although entertainment and tourism are vital to the local economy, the economic help to diversify Nashville’s employment base. base is much more diverse. This is due, in part, to the area having one of the nation’s lowest overall tax burdens and the availability of incentives to attract relocating and expanding businesses. Other major industries in the metro include healthcare, higher education, finance and insurance, automobile production, printing and publishing, and technology manufacturing. There are six fortune 500 * Forecast Sources: Marcus & Millichap Research Services; Bureau of Economic Analysis; Moody’s Analytics; U.S. Census Bureau; Experian 14 FOWLER LAND TRACT MARKET OVERVIEW NASHVILLE Labor After outperforming the national rate of job growth over the past 10 years, the Nashville metro is expected to maintain an elevated pace of growth through 2020. Many employment sectors that posted the most robust growth during the previous five years are now decelerating to a more sustainable pace, and all sectors except for manufacturing are forecast to expand during this period. The largest increase will be in construction, at an average pace of 5.3 percent annually in the coming five years. Currently, the trade, transportation and utilities sector is the largest provider of regional jobs. These industries comprise 20 percent of Nashville’s entire employment