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
About this deal
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.
On the Map
$31,000,000
Retail
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Players
Nashville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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