403-407 Gallatin Ave
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403-407 Gallatin Ave
5,985 SF 100% Leased Retail Building Nashville, TN 37206 £3,912,583 (£654/SF) 5.26% Net Initial Yield
Investment Highlights
- Highly visible hard corner
- Vibrant surrounding community
- High traffic count
Executive Summary
Located in the heart of East Nashville's thriving Main Street / Gallatin Avenue corridor, 403 Gallatin Avenue presents a unique opportunity to acquire a fully-leased, multi-tenant commercial property on a corner lot within one of the city’s most dynamic submarkets (East Nashville). With its premium corner location, high-growth surroundings, and robust tenant mix, this asset offers stability and upside potential for investors seeking a premier urban property.
Zoning: MUG-A (Mixed-Use General-Alternative)
Tenants: Fully leased to two tenants—Jane’s Hideaway (~43% of the building) and Sherwin-Williams (~57% of the building)—providing reliable income streams.
Visibility and Access: Located on a hard corner along Gallatin Avenue, a major arterial road with high traffic counts, excellent accessibility, and close proximity to downtown Nashville & dense residential neighborhoods.
Development Potential: The property’s zoning and location offer redevelopment opportunities for a future mixed-use or multi-family project, subject to zoning and planning approvals.
Location and Market Highlights:
Gallatin Avenue Corridor: Situated in a high-growth area known for its eclectic mix of retail, dining, and entertainment venues.
Neighborhood Demographics: East Nashville continues to attract a vibrant mix of residents and visitors, bolstered by strong population growth, high-income levels, and a robust demand for quality commercial space.
Proximity to Downtown: Just minutes from Nashville’s central business district, this property benefits from unparalleled connectivity and market reach.
Investment Details:
Stabilized Income: Long-term leases with built-in escalations provide predictable cash flow and hedge against inflation. Opportunity to increase NOI with paid parking scenario.
Triple-Net Leases: Tenants are responsible for all property taxes, insurance, and maintenance costs, reducing ownership overhead.
Future Redevelopment Potential:
The property's MUG-A zoning allows for significant density and flexibility, enabling developers to explore a variety of mixed-use or residential projects. With its prominent location and established infrastructure, 403 Gallatin Avenue is well-positioned for long-term value creation.
Zoning: MUG-A (Mixed-Use General-Alternative)
Tenants: Fully leased to two tenants—Jane’s Hideaway (~43% of the building) and Sherwin-Williams (~57% of the building)—providing reliable income streams.
Visibility and Access: Located on a hard corner along Gallatin Avenue, a major arterial road with high traffic counts, excellent accessibility, and close proximity to downtown Nashville & dense residential neighborhoods.
Development Potential: The property’s zoning and location offer redevelopment opportunities for a future mixed-use or multi-family project, subject to zoning and planning approvals.
Location and Market Highlights:
Gallatin Avenue Corridor: Situated in a high-growth area known for its eclectic mix of retail, dining, and entertainment venues.
Neighborhood Demographics: East Nashville continues to attract a vibrant mix of residents and visitors, bolstered by strong population growth, high-income levels, and a robust demand for quality commercial space.
Proximity to Downtown: Just minutes from Nashville’s central business district, this property benefits from unparalleled connectivity and market reach.
Investment Details:
Stabilized Income: Long-term leases with built-in escalations provide predictable cash flow and hedge against inflation. Opportunity to increase NOI with paid parking scenario.
Triple-Net Leases: Tenants are responsible for all property taxes, insurance, and maintenance costs, reducing ownership overhead.
Future Redevelopment Potential:
The property's MUG-A zoning allows for significant density and flexibility, enabling developers to explore a variety of mixed-use or residential projects. With its prominent location and established infrastructure, 403 Gallatin Avenue is well-positioned for long-term value creation.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,985 SF
Building Class
C
Year Built/Renovated
1950/2022
Price
£3,912,583
Price Per SF
£654
Net Initial Yield
5.26%
NOI
£205,674
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Lot Size
0.46 AC
Zoning
MUG-A - MUG-A zoning allows mixed-use, multi-family, retail, and office uses with flexible density and urban design standards for vibrant development.
Parking
18 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 083-09-0-008 | Improvements Assessment | £101,328 |
| Land Assessment | £317,236 | Total Assessment | £418,564 |
PROPERTY TAXES
Parcel Number
083-09-0-008
Land Assessment
£317,236
Improvements Assessment
£101,328
Total Assessment
£418,564
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403-407 Gallatin Ave
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