209 + 217 Development Opportunity 22nd Avenue North NASHVILLE, TN

Executive Summary

THE OPPORTUNITY Colliers International is pleased to offer the opportunity to purchase the development site located at 209 & 217 22nd Avenue North in Nashville, Tennessee. The 0.83-acre site is located 4-miles from Interstate 40 (77,156 AADT) and approximately 2-miles from Interstate 440 (83,046 AADT). The property is located in the Midtown/Vanderbilt area between downtown, Music Row, West End and Hillsboro Village. The site is located within walking distance from Vanderbilt University (13,131 enrolled students in 2019), in a neighborhood that is known for its luxury condo apartment buildings, and vibrant dining and entertainment.

THE ADVANTAGES · Strategically located in the heart of the medical district (Saint Thomas Midtown, Centennial/HCA Hospital, Vanderbilt University, Vanderbilt Medical Center, and Vanderbilt Children’s Hospital) · Excellent access to I-65, I-440, and I-40 via Charlotte Avenue, Church Street, and West End Avenue · The area serves as a link between Downtown, West End, Midtown, Charlotte, and Vanderbilt University · Close proximity to retail, dining, and entertainment options · The location is ideal for a number of uses including hospitality, mixed-use, office, retail, medical office, and multi-family · The site is zoned MUG-A (Mixed-Use General is intended for a moderately high intensity mixture of residential, retail, and office uses) Note: The building has been a medical office building since constructed in 1970 and was originally designed and built to be two-stories

THE SUMMARY

Address 209 + 217 22nd Avenue North, Nashville, TN 37203

Price $8,350,000 THE OPPORTUNITY Parcel Size +/- 0.83 Acres MUG-A (Mixed-Use General is intended for a moderately high intensity mixture of Zoning / Entitlements residential, retail, and office uses) Parcel Number 092-15-0-115-00 / 092-15-0-120-00

2 209+217 22ND AVENUE NORTH | NASHVILLE Zoning Information

Property Zoning Information

Zoning Mixed Use General (MUG-A, OV-UZO) Mixed Use General is intended for a Moderately High Intensity Definition THE OPPORTUNITYmixture of residential, retail, and office uses. Alternative Districts promote alternative modes of Transportation. This zoning allows for both, on street parking and Parking structured parking, to be within compliance with the parking requirements for this property. Maximum 105 feet Building Height The zoning presently allows there to be five (5) floors with full coverage of the developable floor plate. Above five (5) floors Height you can gain a variance for additional floors with them being reduced in size based on variance that can be applied for if needed.

Current Use Medical Office/Redevelopment Site

Maximum Yard Setbacks Front (Feet) 0 Rear (Feet) 20 Side (Feet) 0 Maximum Floor 3.0 times the lot area Area Ratio (FAR)

3 209+217 22ND AVENUE NORTH | NASHVILLE Photos + Aerials

4 209+217 22ND AVENUE NORTH | NASHVILLE Location Map

GERMAN- TOWN

EAST NASHVILLE DOWN- TOWN NORTH GULCH

GULCH MIDTOWN

MUSIC CHESTNUT ROW HILL

WEDGEWOOD HOUSTON

NORTH

5 209+217 22ND AVENUE NORTH | NASHVILLE Location Aerial

MUSIC ROW MIDTOWN

West End Avenue

NORTH GULCH

Charlotte Ave

Church Street Street Church Church SOBRO DOWNTOWN

Broadway

Demonbreun Street

6 209+217 22ND AVENUE NORTH | NASHVILLE MIDTOWN Business District | Luxury Hotels | Entertainment Midtown Area Attractions

4 | Tin Roof 14 13 5 | Two Bits SAINT THOMAS 17 6 | Little Chicago Pizzeria + Grill 7 | Just Love Coffee Cafe MIDTOWN HOSPITAL 6 5 8 | Tailgate Brewery 4 5 19 4 1 4 11 8 7 15 6

3 7 209 + 217 12 9 9 10 9 10 WESTSQUARE MUSIC 22nd Avenue North 13 3 MUSIC SQUARE EAST 2 8 2 BROADWAY 7 WEST END AVENUE 12 3 DIVISION STREET MIDTOWN 6

ENTERTAINMENTDISTRICT 11 DOWNTOWN 10 5 NASHVILLE 9 VANDERBILT 2 1 UNIVERSITY 1 16

3 18 20TH AVENUE

19TH AVENUE SOUTH 10 1 GRAND AVENUE 18TH AVENUE SOUTH

2

21ST AVENUE SOUTH 8

RESIDENTIAL 13 Akord Apartments 8 Embassy Suites - Vanderbilt 9 Five Odd Fellows Food & Drink 1 The Adelicia 14 1818 Church Apartments 9 Virgin Hotel 10 The Patterson House 20th & Church Graduate Hotel 2 Aertson Midtown 15 10 OFFICE 3 Twenty & Grand 16 University Square Condominiums 11 The Hayes Street Hotel 1 1801 West End 4 SkyHouse Nashville 17 Propst Condos 12 Hyatt House Nashville 2 BMI 5 The Cadence 18 Millennium Music Row 13 Conrad by Hilton 3 Warner Music Nashville 6 Rhythm at Music Row 19 Artemis Midtown Apartments DINING & ENTERTAINMENT 4 Roundabout Plaza 7 1505 Demonbreun HOTELS 1 Chipotle Mexican Grill 5 CMA Country Music Association 8 Element Music Row 1 Kimpton Aertson 2 Starbucks 6 Word Entertainment 9 Bristol on Broadway 2 Loews Vanderbilt Hotel 3 Amerigo Italian 7 Caterpillar Financial Center 10 Artisan on 18th 3 Hampton Inn Nashville/Vanderbilt 4 Tin Roof 8 17th & Grand 11 The Morris Apartments 4 Hutton 5 Two Bits 9 WeWork 12 Connect Nashville 5 SpringHill Suites by Marriott 6 Little Chicago Pizzeria and Grill 10 19th & Grand New Development 6 Hilton Garden Inn - Vanderbilt 7 Just Love Coffee Cafe 8 209+217 22ND AVENUE NORTH | NASHVILLE 7 Home2 Suites by Hilton 8 TailGate Brewery Music Row Nearby Residential

THE ADELICIA TWENTY & GRAND SKYHOUSE NASHVILLE

THE CADENCE THE MORRIS 1818 CHURCH APARTMENTS

9 209+217 22ND AVENUE NORTH | NASHVILLE Nearby Hotels

KIMPTON AERTSON HOTEL LOEWS VANDERBILT HOTEL HUTTON HOTEL

VIRGIN HOTEL CONRAD NASHVILLE GRADUATE HOTEL

10 209+217 22ND AVENUE NORTH | NASHVILLE Nearby Dining & Entertainment

AMERIGO ITALIAN RESTAURANT THE ROW KITCHEN & PUB DESANO PIZZA & BARKERY

ROTIER’S RESTAUARANT FIVE ODD FELLOWS FOOD & DRINK THE PATTERSON HOUSE

11 209+217 22ND AVENUE NORTH | NASHVILLE Nearby Office Buildings

BMI ROUNDABOUT PLAZA WORD ENTERTAINMENT

CATERPILLAR FINANCIAL CENTER 17TH & GRAND 2525 WEST END

12 209+217 22ND AVENUE NORTH | NASHVILLE Nashville Market Overview

Nashville is the economic center of Tennessee and a vital transportation, business and tourism hub for North America. The Nashville MSA comprises 10 counties with a total population just over 1.9 million, making it the largest metropolitan area in a five-state region. When it comes to satisfying and exceeding business needs and expectations, the Nashville region is a top location in America for corporate relocations, expansions, and start-up companies.

Nashville is consistently recognized for its pro-business environment, highly educated workforce and compelling demographics. Its energetic and growing economy for doing business is encouraging corporate relocations and expansions. Amazon Logistics, Asurion, HCA, Bridgestone, Dollar General, Jackson National Life, Warner Music Group, UBS and Nissan are just a few of the national and international corporations that have chosen Nashville as a headquarter location. This environment has earned Nashville a top position in national accolades including positions on Forbes magazine’s “Best Cities for Business & Careers” and “Best Cities for Jobs.”

Commonly known as “Music City,” Nashville is the center of the country music scene and is home to numerous artists, recording studios and record labels, making it the largest music production center and the number one music scene in the U.S. outside of New York City. With a growing population exceeding 1.9 million people, Nashville is one of the fastest rising metropolitan areas in the country. As the city grows, its diverse workforce, unique community and Southern hospitality make Nashville a perfect location for both business ventures and residents.

RECENT ACCOLADES MAJOR EMPLOYERS

Vanderbilt University Medical Center 20,428 • “No. 1 in South Central United States for regional workforce development”, Smart Asset • “No. 1 Metro area for professional and business service jobs with 42.6% growth since 2011”, Forbes Nissan North America 10,750 • “No. 6 on Forbes’ list of Top 25 Fastest-Growing Cities of 2018, up from #20 in 2017”, Smart Asset HCA Healthcare Inc. 10,613 • “No. 6 City for young professionals thanks to job market, reputation for fun and low unemployment”, Smart Asset Vanderbilt University 6,912

13 209+217 22ND AVENUE NORTH | NASHVILLE Demographic Summary

2019 NASHVILLE MSA POPULATION NASHVILLE MSA TOTAL BUSINESSES TOURISM SPENDING 1,934,317 40,000 $7.0B 2035 POPULATION PROJECTION NASHVILLE MSA TOTAL EMPLOYEES NASHVILLE VISITORS IN 2019 2,600,000 1,069,300 16.1M

14 209+217 22ND AVENUE NORTH | NASHVILLE Contact

JOHN GIFFORD, CCIM Senior Vice President Colliers International 615 850 2713 [email protected]

BRIAN CASEY Vice President Colliers International 615 850 2782 [email protected]

DAVID ATCHISON Vice President & Retail Team Leader Colliers International 615 850 2744 [email protected]

COLLIERS NASHVILLE 615 THIRD Avenue S | Suite 500 Nashville, TN 37210 www.colliers.com 15 209+217 22ND AVENUE NORTH | NASHVILLE