Lucky Bastard Saloon | 408 Broadway
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Lucky Bastard Saloon 408 Broadway
11,417 SF Retail Building Nashville, TN 37203 For Sale
Investment Highlights
- Long Term NNN Investment 20-Year Sale-Leaseback
- Four (4), Five (5)-Year Renewal Options
- NOI of $2,500,000
Executive Summary
The NNN Pro Group is pleased to present the Lucky Bastard Saloon, an iconic and trophy location on Broadway in the heart of downtown Nashville. The subject property is a 4 story, 11,417 square foot building.
The property is subject to an absolute, triple-net lease with 20 years of term commencing at close of escrow. The base rent will be $2,500,000, with 2% annual increases starting year 1. There are four, 5-year option periods.
This restaurant/bar benefits from exceptional real estate fundamentals, ideally located on Broadway which experiences roughly 15 million visitors each year. The property is within minutes from Nashville’s largest Event Venues and attractions; Including Nashville Convention Center, Bridgestone Arena, Home to NHL’s Nashville Predators, the 1.2 million square foot Music City Center, Nissan Stadium, Ryman Auditorium and Country Music Hall of Fame.
Lucky Bastard Saloon boasted massive EBTIDA and revenues in 2023 and will continue to be show extremely healthy EBITDAR coverage going forward.
The property is subject to an absolute, triple-net lease with 20 years of term commencing at close of escrow. The base rent will be $2,500,000, with 2% annual increases starting year 1. There are four, 5-year option periods.
This restaurant/bar benefits from exceptional real estate fundamentals, ideally located on Broadway which experiences roughly 15 million visitors each year. The property is within minutes from Nashville’s largest Event Venues and attractions; Including Nashville Convention Center, Bridgestone Arena, Home to NHL’s Nashville Predators, the 1.2 million square foot Music City Center, Nissan Stadium, Ryman Auditorium and Country Music Hall of Fame.
Lucky Bastard Saloon boasted massive EBTIDA and revenues in 2023 and will continue to be show extremely healthy EBITDAR coverage going forward.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,417 SF
Building Class
C
Year Built
1900
Tenancy
Single
Building Height
4 Stories
Building FAR
0.73
Lot Size
0.36 AC
Zoning
CF
Frontage
38 FT on Broadway Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 093-06-3-080 | Improvements Assessment | $2,477,120 |
| Land Assessment | $800,000 | Total Assessment | $3,277,120 |
PROPERTY TAXES
Parcel Number
093-06-3-080
Land Assessment
$800,000
Improvements Assessment
$2,477,120
Total Assessment
$3,277,120
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Lucky Bastard Saloon | 408 Broadway
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