Large Floor Plans: Falcon View has an average floor plan size of 1,182 SF, larger than all of the surrounding comps. Over 72% of the property features 2 or 3 bed units, with 36 of those units being townhomes.
Significant Amenities Upgrade: Current Ownership has recently added a Dog Park and Playground to the property in addition to roughly $100,000 on a brand new swimming pool.
Additional Value-Add Opportunity: New ownership will have the opportunity to continue to add value to the property through a light renovation, such as replacing the countertops, painting the cabinets, putting in new flooring, replacing the fixtures, or adding stainless steel appliances.
High Barrier to Entry for Homebuyers: Recent home sales in the 37115 zip code average over $352,500, making homeownership unattainable for many residents in this area. In addition, renting in the area is attractive due to low average asking rents of $1,450 compared to the Nashville metro area average of $1,900 (CoStar).
North Nashville’s Rapid Growth: Madison, TN and the surrounding area has been the beneficiary of Nashville’s growth towards the suburbs as development is at an all-time high in the area. Some of the investments include:
Access to East Nashville Entertainment Drivers: Residents at Falcon View have access to many lifestyle options in the East Nashville/Madison area including:
$2.8 Billion Airport Expansion: Falcon View is located 15 minutes from Nashville International Airport, which is in progress on two expansion plans totaling $2.8 billion. The renovations will include more parking, larger baggage claim and ticketing areas, expanded concourses, new international facilities, and a hotel. In 2023, BNA passenger traffic is expected to grow from 18 million to more than 23 million.
$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: In the last five years, TNECD has supported 55 economic development projects in Davidson County resulting in more than 25,000 job commitments and approximately $3.2 billion in capital investment. Highlights include:
Nashville’s Attractive Employment Base: Nashville is home to dozens of companies that employ over 1,000 people, highlighted by:
Nashville is a Top City: Due to its rapidly growing population, jobs, and economy Nashville has been highly ranked in a number of categories, including:
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 Falcon View (“Property”) located in Madison, 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: