Value-Add Opportunity:
New ownership will have the opportunity to add value to the property by updating the interiors with new or resurfaced countertops, appliances, lighting and fixtures, or painted cabinets.
Rent Growth Opportunity:
Bransford House sits well below market rent of nearby assets allowing new ownership the potential to increase NOI through rent increases. Submarket rents are anticipated to grow by 7.3% in 2022 and 4.4% in 2023 according to CoStar projections.
Popular 8th Ave Neighborhood:
Tenants have immediate access to a highly desirable neighborhood within Nashville that features an extensive list of bars, restaurants, boutiques, entertainment, and coffee shops, led by M.L.Rose, Hattie B’s, Sinema, Zanies, and 8th & Roast.
Nashville Fairgrounds Redevelopment:
The Nashville Fairgrounds, less than 1 mile away from Bransford House, is undergoing a massive redevelopment, anchored by the construction of a new $345 million soccer stadium for Nashville SC. Multiple mixed-use developments with retail, office, hotel, apartment, and green space will surround the new stadium.
Proximity to Major Demand Drivers:
Bransford House is within 3 miles of some of Nashville’s best demand drivers, including:
$1.2 Billion Oracle Job Announcement:
Oracle announced a new campus hub which will bring 8,500 jobs with an average salary of $110,000/year to Nashville, the largest job announcement in Tennessee history. Oracle also said over 11,500 ancillary jobs would be created plus another 10,000 temporary jobs through construction and other support services.
Additional Nashville Developments:
The Nashville MSA has had numerous major job and development announcements, including:
Nashville’s Attractive Employment Base:
Nashville is home to dozens of companies that employ over 1,000 people, highlighted by:
Nashville is a Top 5 City:
Due to its rapidly growing population, jobs, and economy Nashville has been highly ranked in a number of categories, including:
#1 – Top U.S. City for Job Seekers (MoneyGeek)
#1 – Metropolitan Economic Strength Ranking (Policom)
#1 – Most Economic Growth (Stessa)
#2 – Hottest U.S. Jobs Market (Wall Street Journal)
THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as Bransford House (“Property”) located in Nashville, Tennessee. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
In connection with your interest in a potential, negotiated acquisition of those certain properties listed in Exhibit A hereto (individually or collectively as the context may require, the “Property”) from [Seller] (individually or collectively as the context may require, the “Company”), you have requested certain information concerning the Property from the Company and its affiliates and its and their respective directors, officers, members, partners, employees, representatives, agents and/or advisors (including without limitation, attorneys, accountants, consultants and financial advisors) (individually or collectively as the context may require, the “Company’s Representatives”). In consideration of furnishing you with the Evaluation Material (as defined herein), the Company requests your agreement to the following: