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Jon Bon Jovi's - Nashville 405 Broadway 36,767 SF Retail Building Nashville, TN 37203 $179,555,994 CAD ($4,883.62 CAD/SF) 4.96% Cap Rate
Investment Highlights
- Thriving Economic Sector | Nashville’s economy rests on three strong pillars: state government, higher education, and healthcare.
- Brand New Development | Following two years of entitlements and site work.
- Outstanding Real Estate | This property benefits from exceptional real estate fundamentals, ideally located on Broadway.
- Twenty-Year Triple Net (NNN) Sale Leaseback |The lease is structured as a triple-net (NNN) lease.
- Celebrity-Backed Brand | Jon Bon Jovi is a partner in the Lower Broadway bar alongside a Nashville real estate firm.
Executive Summary
JBJ's Nashville is a 36,767 Sq Ft five-story, Class A Fit & Finish, full-service restaurant, bar, and entertainment venue equipped with a featuring a state-of-the-art service basement with a fully built-out, multi-million-dollar industrial kitchen — the largest fullservice kitchen on Broadway. The property opened for business in June of 2024 with frontage on both Broadway and Fourth Avenue. After two years of entitlement and site work, 405 Broadway was the first ground-up development on Lower Broadway since 2018. The property was designed to be the premier asset on one of the most visited streets in America. The investment will offer a net operating income initially at $6,443,525 and will increase by 2.00% annually.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bar
Building Size
36,767 SF
Building Class
B
Year Built
2024
Price
$179,555,994 CAD
Price Per SF
$4,883.62 CAD
Cap Rate
4.96%
NOI
$8,899,796 CAD
Tenancy
Single
Building Height
5 Stories
Building FAR
5.00
Lot Size
0.17 AC
Zoning
DTC
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 093-06-4-109-00 | Improvements Assessment | $31,206,682 CAD |
| Land Assessment | $4,593,442 CAD | Total Assessment | $35,800,124 CAD |
Property Taxes
Parcel Number
093-06-4-109-00
Land Assessment
$4,593,442 CAD
Improvements Assessment
$31,206,682 CAD
Total Assessment
$35,800,124 CAD
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Jon Bon Jovi's - Nashville | 405 Broadway
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