Ben Burnett Of Matthews Represents Buyer In $8.5M Nashville Retail Strip Center Sale

A retail strip center located at 1000 Woodland Street in Nashville, TN, has been sold for $8,500,000. The asset encompasses a total area of 8,207 square feet and is situated in Nashville’s Five Points district. It is anchored by Bartaco and Edley’s Bar-B-Que, both subject to 10-year triple-net leases with annual rent escalations.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,500,000
• Square Footage: 8,207
• Price Per Square Foot: $1,036
• Address: 1000 Woodland Street, Nashville, TN
• Broker: Ben Burnett - Matthews
• Loan Amount: $5,100,000
• Loan Term: Five years
• Buyer: Undisclosed locally based buyer
• Transaction Type: 1031 exchange

Ben Burnett represented the transaction, facilitating the sale through Matthews, which also arranged a $5.1 million acquisition loan for the buyer involved in the deal.