Infill Nashville Portfolio

The Infill Nashville Portfolio presents a compelling opportunity to acquire significant scale in one of Nashville's fastest-growing submarkets—The Nations-Charlotte Park. The portfolio comprises two recently developed properties totaling 134,113 square feet: Breeze Block (39,452 SF at 86% occupancy) and Stateline (94,661 SF at 93% occupancy). Together, these assets generate approximately $3.95 million in NOI at 91% portfolio occupancy, with an impressive 5-year projected CAGR of 4.82% and 33% total NOI growth. The properties benefit from exceptional demographics, including a 1-mile population projected to grow 20% over the next five years, an average household income of $145,000, and proximity to over 17 million annual Nashville tourists.

The portfolio offers substantial value-add potential with 12,364 SF of immediate lease-up opportunities that could increase base rent by approximately $475,000. Additionally, 21 of 25 tenants have either fair market value or no contractual renewal options, positioning the portfolio for significant mark-to-market growth as current in-place rents of $33 PSF move toward submarket rents of $38-$40 PSF—while surrounding Nashville submarkets command $50-$150+ PSF. Both properties feature 100% internet-proof tenancy with carefully curated tenant rosters, ensuring diverse income streams with no tenant representing more than 10% of portfolio income.