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3407 Clarksville PikeOffering Memorandum
3407 Clarksville Pike
Nashville, TN 37218
NATIONAL MULTI HOUSING GROUP
INVESTMENT ADVISORPA T COSGROVE
D +1 615-997-2853
C +1 615-973-5373
3407 CLARKSVILLE PIKE
Price
Cap Rate
Address
County
Site Size
Year Built
Year Renovated
Residential Units
Commercial Units
Net Residential Area
$715,000
7.00%
3407 Clarksville Pike
Nashville, TN 37218
Davidson
0.47 Acres
1940
2017/2018
6
1
6084 SF
The Marcus & Millichap Multifamily Advisory Group is pleased topresent the exclusive investment offering of the 7-Unit 3407Clarksville Pike property. This exclusive offering will allow for apotential investor to own a newly renovated, mixed-use building,just 4.7 miles from Downtown Nashville
E XC L U S I V E LY L I S T E D BY
INVESTMENT ADVISOR
PAT COSGROVED +1 615-997-2853C +1 615-973-5373
3407 Clarksville Pike
F I N A NC I AL A N A LYS I S
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P R O P E RTY LO C AT ED I N N A S H V I L L E , T N
I N V E ST M E N T H I G H L I G H T S
Davidson County, TN is the 2nd most populated county in Tennessee and borders Cheatham County, Robertson County, Rutherford County, Sumner County, Williamson County, and Wilson County. The largest universities in Davidson County are Vanderbilt University with 4,486 graduates, Belmont University with
1,846 graduates, and Nashville State Community College with 1,573 graduates. (Datausa.io)
S U B J E C T P R O P E R T Y L O C AT E D I N D A V I D S O N C O U N T Y
I N V E ST M E N T H I G H L I G H T S
1
T H R IV IN G Q U A L I T Y O F L I F E
#7 on Forbes’ l ist of Top 25 F a s t e s t - G r o w i n g C i t i e s o f 2 0 1 8
Nashville has jumped significantly from #20 to #7 on the 2017list. "The goal of Forbes’ annual list of America’s fastest-growing citiesis to give a holistic picture of places on the upswing. That meanslooking not just at job, population or output growth individually, butconsidering how these important measures and others come together.It means looking back to see which cities grew the most in 2017 andforward to project which cities will make strides in 2018," says Forbes.
2
O U T S TA N D I N G B U S I N E S S D E V E L O P M E N T
Nashvil le Named Major Market of the Year for 2017
Southern Business & Development Magazine (SB&D) ranks states andpeer group markets based on the capture of projects announced in theSouth meeting or exceeding 200 jobs and/or $30 million in investment.The SB&D 100 (the 24th annual) ranks each state and market throughpoints earned based on the capital investment, jobs and the size of eachproject captured. Nashville earned "Major Market of the Year" for2017 for its performance in calendar year 2016 with 165 points. Thesecond highest ranking metro received 105 points.
3
S T R O NG P O P U L AT ION G R OWT H
13.5% POPULATION GROWTHF R O M 2 0 1 0 T O 2 0 1 7
Nashville MSA population has grown from 1,675,972 in 2010 to 1,903,045 in 2017. Davidson County population has grown from 628,131 in 2010 to 691,243 in 2017.
3 1 M I L ES F R O M D O W N TOW N N A S H V I L L E
NASHVILLEOVERVIEW
1
Known as the epicenter of county music, the Nashville metro contains
a population of nearly 2 million within 14 counties: Davidson, Smith,
Macon, Williamson, Cheatham, Sumner, Dickson, Robertson, Cannon,
Rutherford, Hickman, Trousdale, Maury and Wilson. Davidson is the
most populous county with 702,900 people and is home to Nashville,
the capital city, which has 674,400 residents. The metro is located in
the north-central portion of the state of Tennessee in what is known as
the Central Basin. The Cumberland River, which snakes through the
region, adds to the local economic base and enhances Nashville’s
quality of life. The metro has a strong multimodal infrastructure
network linking the metro to markets around the world.
METRO HIGHLIGHTS
MUSIC INDUSTRY CAPITAL
The metro is well known as a central location for the
country music industry, which provides many local
jobs and supports a large hospitality sector.
DIVERSIFYING ECONOMY
Other major industries in the metro include
healthcare, government, automotive manufacturing,
publishing, insurance and finance.
ROBUST POPULATION GROWTH
The population will increase at a faster pace than
the nation over the next five years.
MADISON CREST APARTMENTS
NASHVILLE OVERVIEW
AUSTIN PEAY UNIVERSITYNASHVILLE SPORTS & LE ISURE
PROFESSIONAL SPORTS TEAMS
AUSTIN PEAY UNIVERSITYHIGHER EDUC ATION TALENT POOL
“Vanderbilt, Belmont, and Lipscomb universities offer top ranked MBA programs” Bloomberg Business, 2018
123,000students attend the area’s colleges and universities.
60%of college graduates remain in the region.
Middle Tennessee is a magnet for talent, young graduates and the types of workers new and growing industries seek. Considered a nationalhub for the creative class, the Nashville region’s educated workforce not only provides an abundant talent pool for companies, but also bolstersthe region’s vibrancy, artistic and musical essence, and competitive edge in technology and innovation. While our region supports manyinnovative and aggressive local programs to recruit workers to the region, many of Nashville's most valuable workers come from the area's ownvast educational system, with its 24 accredited four-year, two-year, tech schools and postgraduate institutions. Nearly 123,000 students areenrolled in higher education in the Nashville area, the largest concentration in a four-state region. We retain 60 percent of these graduatesannually in our region. More than 34 percent of residents over age 25 have a bachelor’s degree or higher, and more than 150,000 residentshave graduate or professional degrees.
3407 Clarksville PikeOffering Memorandum
3407 Clarksville Pike
Nashville, TN 37218
NATIONAL MULTI HOUSING GROUP
INVESTMENT ADVISORPA T COSGROVE
D +1 615-997-2853
C +1 615-973-5373