LEE IN THE NEWS: Lee & Associates Nashville Represents Sale of Broadway’s Basin Alley Building
September 28, 2021 (Nashville, Tennessee) – Lee & Associates is proud to present the Basin Alley Building at 105 Broadway for purchase in Nashville, TN. This sale presents a rare opportunity to own a Class-A, +52,000 SF, 6-story with rooftop retail building in the heart and soul of Music City.
The Basin Alley Building is one of the most recognizable buildings in the corridor and receives attention by being in the center of multiple of Nashville’s iconic events including the 2019 NFL Draft and 4th of July celebrations. As Nashville continues to gain more national exposure, the Basin Alley Building will be in the spotlight for many years to come.
Nashville Underground currently leases the Basin Alley Building. The lease is structured to allow the owner to take advantage of approximately $7.5 billion in domestic and international travel to Davidson County each year with annual increases and percentage rent. The property was fully renovated in 2018 to better service Nashville Underground.
“Broadway is the epicenter of Nashville, and this historic building is located perfectly in the Downtown Corridor,” says Gaines Hanks, Associate at Lee & Associates Nashville. “The property is within walking distance to most of Nashville’s top visited tourist attractions where Nashville is ranked the 11th most popular destination by Traveler’s Choice and is the only U.S. city to be on SportsPro’s Seven Sports event destinations. The acquisition of Basin Alley Building presents an incredible opportunity to cement yourself into the hottest tourist destinations in the Southeast. It is truly a trophy real estate asset.”
Read full article on Tennessean.
Read full article on Fox 17 Nashville.
Read full article on Nashville Business Journal.
Contact Information:
Bennett Maxwell – Lee & Associates Nashville
Associate
615-751-2340
Gaines Hanks – Lee & Associates Nashville
Associate
615-751-2340