Endeavor Real Estate Acquires 7-Eleven Property On Broadway In Nashville For $31M
1101 Broadway
$31,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 7, 2023
AI
Endeavor Real Estate, the major Gulch developer behind the mixed-use Broadway tower anchored by Whole Foods, has purchased the downtown 7-Eleven property on Broadway for $31 million. The property is located at 1101 Broadway in Nashville, TN and spans 1.18 acres. The transaction took place on December 7, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,000,000
- Address: 1101 Broadway, Nashville, TN
- Market: Nashville, TN
- Buyer: Kirk Rudy - Endeavor Real Estate
- Seller: 7-Eleven Inc
Endeavor Real Estate, represented by Kirk Rudy from Endeavor Real Estate, made the acquisition of the 7-Eleven property to further expand its presence in the Gulch area. The transaction signifies the ongoing investment and development happening in downtown Nashville's retail sector.
Players
Nashville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93