Pilcher Building

JLL is pleased to present the opportunity to acquire Pilcher Building, a generational Nashville investment offering located at the intersection of 2^nd Avenue and Commerce St, just steps from Broadway. The asset features a dynamic mix of retail, office, and luxury short-term rentals, providing strong drawing power and a diversified and robust income stream. The well-curated Tenant mix currently consists of Boot Barn, Liquor Labs, Travel + Leisure, and Creed Investment Co, who together make up 71% of the building GLA. The remaining 29% is currently utilized as luxury short term rental units, and have been recognized as the #1 Airbnb in Downtown Nashville (Time Out).

Pilcher Bldg has a long-standing history in Nashville, originally constructed in 1900, the property has undergone transformative renovations over the century, most recently a completed update 2018. The 38,684 SF building features several opportunities for Investors, with the lower-level space 40%+ below market, and the ability to repurpose the top three floors of the asset. Given the current short term rental use, favorable zoning, and limited lease term remaining coupled with below market rents on the office units, future Owners will have full optionality to future uses of Pilcher Building.

Please reach out to the deal team to learn more about this opportunity.