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Iconic Rock Bottom Restaurant & Brewery THE NNN PRO GROUP Iconic Rock Bottom Restaurant & Brewery - 111 Broadway Nashville, Tennessee 37201 EXCLUSIVE NET LEASE OFFERING CONFIDENTIALITY & DISCLAIMER Marcus & Millichap hereby advises all prospective purchasers of lease, including the likelihood of locating a replacement tenant if the information set forth herein. Net Leased property as follows: the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a NON-ENDORSEMENT NOTICE The information contained in this Marketing Brochure has been potential replacement tenant considering the location of the obtained from sources we believe to be reliable. However, property, and Buyer’s legal ability to make alternate use of the Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) Marcus & Millichap has not and will not verify any of this property. is not affiliated with, sponsored by, or endorsed by any information, nor has Marcus & Millichap conducted any commercial tenant or lessee identified in this marketing package. investigation regarding these matters. Marcus & Millichap makes By accepting this Marketing Brochure you agree to release The presence of any corporation’s logo or name is not intended to no guarantee, warranty or representation whatsoever about the Marcus & Millichap Real Estate Investment Services and hold it indicate or imply affiliation with, or sponsorship or endorsement accuracy or completeness of any information provided. harmless from any kind of claim, cost, expense, or liability arising by, said corporation of M&M, its affiliates or subsidiaries, or any out of your investigation and/or purchase of this net leased agent, product, service, or commercial listing of M&M, and is As the Buyer of a net leased property, it is the Buyer’s property. solely included for the purpose of providing tenant lessee responsibility to independently confirm the accuracy and information about this listing to prospective customers. completeness of all material information before completing any CONFIDENTIALITY AND DISCLAIMER purchase. This Marketing Brochure is not a substitute for your ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE thorough due diligence investigation of this investment The information contained in the following Marketing Brochure is CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE opportunity. Marcus & Millichap expressly denies any obligation proprietary and strictly confidential. It is intended to be reviewed DETAILS. to conduct a due diligence examination of this Property for Buyer. only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the SPECIAL COVID-19 NOTICE Any projections, opinions, assumptions or estimates used in this written consent of Marcus & Millichap. By acceptance of this Marketing Brochure are for example only and do not represent information, the recipient agrees to treat this information as All potential buyers are strongly advised to take advantage of the current or future performance of this property. The value of a strictly confidential, not to use it for any purpose other than in their opportunities and obligations to conduct thorough due net leased property to you depends on factors that should be connection with an analysis of the potential sale of the property diligence and seek expert opinions as they may deem necessary, evaluated by you and your tax, financial and legal advisors. from the owner as contemplated herein and that the owner of especially given the unpredictable changes resulting from the the property may enforce these restrictions. This Marketing continuing COVID-19 pandemic. Marcus & Millichap has not been Buyer and Buyer’s tax, financial, legal, and construction advisors Brochure has been prepared to provide summary, unverified retained to perform, and cannot conduct, due diligence on behalf should conduct a careful, independent investigation of any net information to prospective purchasers, and to establish only a of any prospective purchaser. Marcus & Millichap’s principal leased property to determine to your satisfaction with the preliminary level of interest in the subject property. The expertise is in marketing investment properties and acting as suitability of the property for your needs. information contained herein is not a substitute for a thorough intermediaries between buyers and sellers. Marcus & Millichap due diligence investigation. Marcus & Millichap has not made any and its investment professionals cannot and will not act as Like all real estate investments, this investment carries significant investigation, and makes no warranty or representation, with lawyers, accountants, contractors, or engineers. All potential risks. Buyer and Buyer’s legal and financial advisors must request respect to the income or expenses for the subject property, the buyers are admonished and advised to engage other professionals and carefully review all legal and financial documents related to future projected financial performance of the property, the size on legal issues, tax, regulatory, financial, and accounting matters, the property and tenant. While the tenant’s past performance at and square footage of the property and improvements, the and for questions involving the property’s physical condition or this or other locations is an important consideration, it is not a presence or absence of contaminating substances, PCB’s or financial outlook. Projections and pro forma financial statements guarantee of future success. Similarly, the lease rate for some asbestos, the compliance with State and Federal regulations, the are not guarantees and, given the potential volatility created by properties, including newly-constructed facilities or newly- physical condition of the improvements thereon, or the financial COVID-19, all potential buyers should be comfortable with and acquired locations, may be set based on a tenant’s projected sales condition or business prospects of any tenant, or any tenant’s rely solely on their own projections, analyses, and decision- with little or no record of actual performance, or comparable plans or intentions to continue its occupancy of the subject making. rents for the area. Returns are not guaranteed; the tenant and property. The information contained in this Marketing Brochure any guarantors may fail to pay the lease rent or property taxes, or has been obtained from sources we believe to be reliable; may fail to comply with other material terms of the lease; cash however, Marcus & Millichap has not verified, and will not verify, flow may be interrupted in part or in whole due to market, any of the information contained herein, nor has Marcus & economic, environmental or other conditions. Regardless of Millichap conducted any investigation regarding these matters tenant history and lease guarantees, Buyer is responsible for and makes no warranty or representation whatsoever regarding conducting his/her own investigation of all matters affecting the the accuracy or completeness of the information provided. All intrinsic value of the property and the value of any long-term potential buyers must take appropriate measures to verify all of Investment Highlights PRICE: $37,000,000 | CAP Rate: 3.43% | NOI: $1,272,038 About the Investment Property Description ✓ This Iconic Nashville Property is Located Along Broadway in the Heart of Property Rock Bottom Restaurant & Brewery Downtown Nashville Property Address 111 Broadway ✓ Rock Bottom is Currently Paying an Extremely Below Market First Floor R/SF of $17 – Roughly 80% Below Market, Providing the Investor With City, State, ZIP Nashville, TN 37201 Massive Upside Potential Floors 4 + Basement ✓ Rock Bottom Restaurant & Brewery has Been at This Location Since 2002 & is Building Size (SF) 50,303 the Only Brewery Located on Broadway Lot Size +/- .37 Acres ✓ Property Features a Unique 4-Story Mix of Both Event/Performance Space, Offices, Retail, Restaurant and Rooftop Attractions Type of Ownership Fee Simple ✓ Strong Mix of Regional and National Corporate Tenants, With Long Lease Terms Remaining In addition to Upside Opportunities ✓ This is a Unique Opportunity to Own a Trophy 4-Tenant, Net Lease Property Investment Summary in the Heart of Lower Broadway, with Massive Potential Upside in the Coming The subject property is a trophy asset located at 111 Years Broadway in Nashville, TN. This iconic property is a 4- About the Location tenant building totaling 50,303 rentable square feet on ✓ Outstanding Real Estate Fundamentals – Located on Historic Lower Broadway 0.37 acres of land. The tenants include Rock Bottom – One the Busiest Tourist Attractions & Most Visited Retail Corridors in the Brewery on the first floor and rooftop, Wyndham – Country Margaritaville Vacation Club and Glen Campbell ✓ 15.2 Million Visitors Per Year Museum on the 2nd, with Platinum Companies ✓ Property is Within Walking Distance to 5,000 Hotel Rooms Built in the Last occupying the 3rd. Five Years in Nashville | 1,100+ More Planned with the $1 Billion Nashville Yards Development ✓ Within Minutes From Nashville’s Largest Event Venues and Attractions; The leases have varied terms remaining; both Wyndham Including Nashville Convention Center, Bridgestone Arena, Home to NHL’s Margaritaville and Glen Campbell Museum with 9 years Nashville Predators, the 1.2 million square foot Music City Center, Nissan of term, Rock Bottom Restaurant and Brewery has 2 Stadium, Ryman Auditorium and Country Music Hall of Fame years 7 months remaining,
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