FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
AVAILABLE 3,400 SF BROADWAY
CHURCH ST
CHARLOTTE AVE
CONTACT US
CRYSTAL DAVIS +1 615 248 1835 [email protected]
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
OVERVIEW 501 Union Street is located at the signalized intersection of 5th Avenue North and Union Street. Situated along the Arts Avenue District, this area has been inundated with a healthy mix of redevelopment and preservation of Nashville’s rich history and historic buildings. 501 Union is steps from local art galleries Tinney Contemporary and Rymer Gallery, Puckett’s Grocery & Restaurant, Frothy Monkey, Starbucks, Woolworth on 5th, the Arcade and many more.
LOCATION Located in the heart of the central business district, 501 Union Street is adjacent to a staggering 15,000,000 square feet of office space that will grow to just under 19,000,000 by 2021. According to the Tennessean, 9 new hotels have also opened in the last year alone adding a surplus of 1,380 rooms to downtown Nashville’s healthy supply. New development is further fueled by record tourism spending numbers announced by Governor Bill Haslam; $20.7 billion in 2017 with $6.5 billion in direct visitor spending in Davidson County alone. With a walkscore of 95, described as a “walker’s paradise,” the hard corner of Union and 5th Avenue North is just 2 blocks from Capital Hill, 3 blocks from the live action of Broadway’s honky tonks and Bridgestone Arena and 4 blocks from the 1.2 million square foot Music City Convention Center that welcomed 560,000 attendees in 2017.
Demographics 1 Mile 3 Mile 2018 Population 12,005 118,271 2010-2018 Pop. Growth 5.92% 2.54% 2018 Avg HH Income $91,690 $62,909 2018 Businesses 3,129 10,191 2018 Employees 67,611 272,738 CONTACT US
CRYSTAL DAVIS +1 615 248 1835 [email protected]
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
RETAIL OPPORTUNITY SUMMARY ++ Address: 501 Union Street ++ Retail Availability: 3,400 SF single tenant restaurant with potential to demise ++ Space Aesthetics: ++ Large exterior glass walls that offer roughly 72 feet of frontage on 5th Avenue North and 2 large windows along Union Street. ++ Ceiling heights: 12 feet clear height ++ Private covered patio with direct access to the main entrance spanning roughly 72 feet long and 6 feet deep. The patio is accessible off Union Street and 5th Avenue North. ++ Building Info: 501 Union, a mixed use building comprised of 89,000 square feet, was purchased in 2017 by Chicago based Level Office, newly rebranded as Noval Coworking. Plans are underway to renovate the interior and facade by 2019. ++ Notable Tenants Include: Noval Coworking, Rae’s Sandwich Shoppe and Escape Experience Nashville. ++ Walkability: Walkscore of 95, “walker’s paradise” ++ Parking: Street parking along Union Street and 5th Avenue North ++ Delivery Date: The current tenant will require a 30 day notice
CONTACT US
CRYSTAL DAVIS +1 615 248 1835 [email protected]
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
EXISTING FLOOR PLAN
POTENTIAL FLOOR PLAN
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
MARKET OVERVIEW
43 36 3 AVAILABLE 3,400 SF 2 24 25 37 40 23
1 4 26 31 5 6 CHARLOTTE AVE 20 27 22 19 12 7 14 46 13 21 8 39
38 30 CHURCH ST 18 34 10 28 42 45 11 BROADWAY 16 33 41 32 17 9
15 35
44 29
IMMEDIATE AREA DRIVERS OFFICE HOTEL Nashville Yards - 2M SF Office, 1,400 32 1 Tennessee Tower - 831,000 SF 18 Renaissance Hotel - 649 Rooms Resid. Units, 600,000 SF Entertainment 2 Bank of America Plaza - 435,000 SF 19 Sheraton Hotel - 474 Rooms 33 Asurion HQ - 615,000 SF Office 3 UBS Tower - 600,000 SF 20 The Hermitage Hotel - 122 Rooms 40-Story Tower - 232-Room Luxury 34 4 First Tennessee Bank - 480,000 SF 21 Homewood Suites Hotel - 113 Rooms Hotel, 142 Condos 5 Fifth Third Center - 489,000 SF 22 Capitol Hotel - 100 Rooms 35 Cambria Suites - 255-Room Hotel 6 L&C Tower - 180,000 SF 23 The Bobby Hotel - 144 Rooms OTHER/ATTRACTIONS 7 One Nashville Place - 411,000 SF 24 Hotel Indigo - 161 Rooms 36 Captiol Hill 8 AT&T Building - 690,000 SF 25 21c Hotel - 124 Rooms 37 Tennessee Performing Arts Center 9 Bridgestone HQ - 514,000 SF 26 Noelle Hotel - 224 Rooms 38 Ryman Auditorium 10 Pinnacle - 520,000 SF 27 Courtyard Marriott - 192 Rooms 39 Nashville Public Library 11 222 2nd Avenue - 362,000 SF 28 Hilton Downtown - 250 Rooms 40 The Arcade RESIDENTIAL 29 Omni Nashville - 800 Rooms 41 Bridgestone Arena 12 Viridian - 305 Condos PLANNED / UNDER CONSTRUCTION 42 Ascend Ampitheater 13 Cumberland - 289 Units Fifth & Broadway - 385,000 SF Office, 43 Nissan Stadium 30 14 505 - 550 Units 350 Resid. Units, 230,000 SF Retail 44 Music City Convention Center - 1.2M SF 15 The Gossett - 367 Units Capitol View - 1.1M SF Office, 800 45 Hume Fogg High School 31 16 The SoBro - 313 Units Resid. Units 46 Lipscomb University Downtown Campus 17 Encore - 333 Condos
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
BUILDING PHOTOS
AVAILABLE 3,400 SF
501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us FOR LEASE | CENTRAL BUSINESS DISTRICT RESTAURANT | RETAIL 501 UNION STREET, NASHVILLE, TN 37219
CHARLOTTE AVE
CHURCH ST
AVAILABLE 3,400 SF
5TH AVE
UNION ST COMMERCE ST COMMERCE
BROADWAY
CONTACT US
CRYSTAL DAVIS +1 615 248 1835 [email protected]
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501 UNION STREET, NASHVILLE, TN 37219 www.cbre.us