310 4th Avenue South, Nashville, Tennessee ,200 SF. Restaurant. at SOBRO HAMPTON INN FUTURE 2,200 SF RETAIL SPACE

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1 310 4th Avenue South, Nashville, Tennessee Restaurant at SOBRO FUTURE RETAIL SPACE

2 OVERVIEW The subject Hampton Inn & Suites is located in the SoBro area of Downtown Nashville and performs in the top 5% of Hilton s system. The property s owner, LCP Hotels, is expanding the existing 6-story 154-key property to include an additional 53 rooms (hotel will have 207 rooms in total). All existing hotel rooms will be renovated and a street-level retail space constructed on the north face of the structure (facing 4th Ave South & Bridgestone HQs). The retail storefront and entrance faces 4th Avenue South and has direct exterior access from the sidewalk. The retail space does not connect to the lobby and is located on the opposite side of the structure. LOCATION Within 1 Block Hampton Inn Omni Hotel Hilton Hotel Hyatt Place Drury Hotel Garden Inn The Joseph 3-Flag Marriott Holiday Inn Tru by Hilton Bridgestone HQs 207 Rooms 800 Rooms 330 Rooms 255 Rooms 390 Rooms 214 Rooms 297 Rooms 468 Rooms 230 Rooms 233 Rooms 515,000 SF office bldg Within 2 Blocks MCCC Bridgestone Arena 222 2nd Ave SoBro Apts Pinnacle Office Bldg Margaritaville Hotel Olmstead SoBro 1.2M SF convention center hockey, concerts, etc 362k SF offices, 30k SF retail 313 Apts, 20k SF retail 520,000 SF office bldg 238 Rooms 328 Apartments Encore 333 condos, 20k SF retail COMPLETION DATE The Retail Premises is deliverable December 2017 with all construction completed Q PARKING FOR RETAIL The future retail tenant may create very-short-term pick-up parking for 1-2 vehicles outside the Retail Premises (exact location TBD). Parking in the hotel parking structure is designed and priced for hotel guests. Limited parking rights for retail tenant employees may be negotiated at terms TBD. Parking for retail customers should be sought outside the property. Most customer traffic is assumed to be walkup traffic. 2

3 RETAIL OPPORTUNITY SUMMARY PROJECT ADDRESS: 310 4th Ave S, Nashville, TN AVAILABILITY DATE: AVAILABLE RETAIL SPACE: TARGET RETAIL USE: RETAIL CEILING HEIGHTS: OUTDOOR PATIO: TRASH DISPOSAL: LOADING/ DELIVERIES: The Retail Premises will be deliverable December All other construction will be 100% complete Q The subject space features exterior access directly from the Fourth Avenue South sidewalk. The retail space is separate from the hotel lobby (which is located on the opposite side of the structure). The Retail space cannot be subdivided Target use is a restaurant that will respond to the abundance of breakfast and lunch demand in the area. The future use cannot include the sale of alcohol Approximately 19-7 A very limited-size outdoor patio area is available for 2-3 café tables Dumpster is located directly across entrance drive within an enclosure Tenant may accept deliveries through the rear or front door of the Retail Premises. No loading dock is available DELIVERY CONDITIONS Floor: gravel floor without slab Metering of Utilities: all utilities will be separately metered with Tenant 100% responsible for cost of meter unit and all monthly utility expenses. Meters are provided by the utility companies for use by tenants Water: 2 domestic water will be supplied to Retail Premises Sewer: 4 sanitary line will be stubbed to Retail Premises Natural Gas: 2, 2,000 CFH gas service will be stubbed to Retail Premises Electrical: 400 amp 120/208V-3PH-4W will be stubbed to the Retail Premises. Tenant will install step-down transformer (if necessary). Tenant will locate electrical panel within the Retail Premises. Sprinkler: Fire protection with upturned sprinkler heads will be installed in the retail Retail Premises Grease Trap: Landlord will provide an in-ground grease trap (located in driveway near the Retail Premises) and a 4 grease line stubbed to the Retail Premises HVAC: Tenant will provide HVAC system per specifications of Tenant s engineer Trash: Tenant will have shared access to a common dumpster/ compactor located to the north of the Retail Premises across the entry driveway Storefront & Doors: Provided by Landlord 3

4 ELEVATION OF (VIEWING SOUTH) Restaurant at SOBRO FOURTH AVENUE SOUTH ENTRANCE TO MOTOR COURT 4

5 SITE PLAN ENCORE 333 CONDOS HYATT PLACE 225 ROOMS SOLE MIO RESTAURANT DRURY PLAZA 390 ROOMS (NO PLANS FOR INDEPENDENT RESTAURANT IN OR ATTACHED) ALMOND STREET BRIDGESTONE HEADQUARTERS 515,000 SF MOLLOY STREET TRANS- FORMER RETAIL DUMPSTER GREASE TRAP REAR EXIT STREET- LEVEL RETAIL ENTRANCE VEHICLES TRAVEL THROUGH PORTE-COCHÈRE FITNESS MEETING ROOMS EXISTING 6-STORY 154-ROOM & SUITES 4TH AVENUE SOUTH OUTLINE DEPICTS NEW 5-STORY, 53-ROOM ADDITION. RETAIL IS LOCATED AT STREET LEVEL BELOW ROOMS OMNI 800 ROOMS 5

6 D OWNTOWN MA RKE T AERIA L FIRST TENN BANK BLDG 480,000 SF 5/3 BANK BLDG 489,000 SF SHERATON 474 ROOMS 505 NASHVILLE 550 APTS ONE NASHVILLE PLACE 411,000 SF D CUMBERLAND 289 APTS S BLV CHARLOTTE AVE VIRIDIAN 305 CONDOS MDHA GARAGE 1,010 PARKS 7,900 SF RETAIL ROSA PARK RENAISSANCE 649 ROOMS COMMERCE ST 5TH + BROADWAY 400K SF OFFICE, 350 RESIDENCES 230K SF RETAIL HUME-FOGG MAGNET SCHOOL AT&T BLDG 690,000 SF SUNTRUST PLAZA OFFICE BLDG 340,000 SF RYMAN AUDITORIUM LOWER BROADWAY & 2ND AVENUE ENTERTAINMENT DISTRICT BROADWAY EMBASSY SUITES (432 ROOMS) CURIO (260 ROOMS) 6TH AVE CAMBRIA SUITES GRUNDYST 7TH AVE JUDICIAL BLDG HILTON 330 ROOMS BRIDGESTONE ARENA BRIDGESTONE HQ 500,000 SF COUNTRY MUSIC HALL OF FAME UNDER JW MARRIOTT AVE AVE 2ND DRURY PLAZA 207 ROOMS 390 ROOMS 1ST AVE ASCEND AMPHITHEATER SEATING FOR 6,800 HYATT PLACE VE HE UNDER 3-FLAG MARRIOTT THE JOSEPH 297 ROOMS GARDEN INN 214 ROOMS RM ITA GE AV E FA Y PEABODY ST ET PEABODY ST HOLIDAY INN 230 ROOMS TRU BY HILTON HOME 2 SUITES 233 ROOMS T OLMSTEAD SOBRO 328 APTS ES ST DG TE TLE 8 LA RU TH A V E MARGARITAVILLE 238 ROOMS SUBJECT 4TH AVE 5TH AVE OMNI 800 ROOMS CONVENTION SPACE 222 2ND AVE 362K SF OFFICE 30K SF RETAIL 3RD A 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES 8TH SOBRO APTS 313 APT UNITS 10K SF RETAIL ENCORE 333 CONDOS 20K SF RETAIL DEMONBREUN ST WESTIN 452 ROOMS PINNACLE OFFICE BLDG 520,000 SF LEA AVE 6

7 OBLIQUE VIEW WESTIN 452 ROOMS UNDER JW MARRIOTT WESTIN 452 ROOMS 8TH AVE OLMSTEAD SOBRO 328 APTS EMBASSY SUITES (432 ROOMS) CURIO (260 ROOMS) 6TH AVE UNDER JW MARRIOTT MARGARITAVILLE 238 ROOMS 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES 5TH AVE 3-FLAG MARRIOTT CAMBRIA SUITES EMBASSY SUITES (432 ROOMS) CURIO (260 ROOMS) 8TH AVE OMNI 800 ROOMS CONVENTION SPACE 8TH AVE COUNTRY MUSIC HALL OF FAME SUBJECT OLMSTEAD SOBRO 328 APTS BRIDGESTONE ARENA 6TH AVE HILTON 330 ROOMS MARGARITAVILLE 238 ROOMS BRIDGESTONE HQ 515,000 SF ENCORE 333 CONDOS 20K UNDER SF RETAIL 3-FLAG MARRIOTT HOLIDAY INN 230 ROOMS TRU BY HILTON HOME 2 SUITES 233 ROOMS THE JOSEPH 297 ROOMS 4TH AVE GARDEN INN 214 ROOMS 207 ROOMS 3RD AVE HOLIDAY INN HYATT PLACE 230 ROOMS ALMOND ST MOLLOY ST 5TH AVE 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES OMNI 800 ROOMS CONVENTION SPACE COUNTRY MUSIC HALL OF FAME SUBJECT BRIDGESTONE ARENA BRIDGESTONE HQ 515,000 SF DRURY PLAZA 390 ROOMS TRU BY HILTON HOME 2 SUITES 233 ROOMS MOLLOY ST SOBRO APTS 313 APT UNITS THE JOSEPH 10K SF RETAIL 297 ROOMS 4TH AVE GARDEN INN 214 ROOMS 207 ROOMS ALMOND ST MOLLOY ST DRURY PLAZA 390 ROOMS HYATT PLACE PEABODY ST 2RD AVE 3RD AVE LEA AVE PEABODY ST 2RD AVE CURRENT STRUCTURE LEA AVE STRUCTURE UPON COMPLETION 7

8 DOWNTOWN NASHVILLE STATISTICS 22 TOWER CRANES IN NASHVILLE S URBAN CORE METRO NASHVILLE TRACKED $3.7 BILLION IN BUILDING PERMITS DURING FISCAL YEAR OVER 1,000 DOWNTOWN EVENTS EACH MONTH DOWNTOWN NASHVILLE WILL HAVE 10,000 RESIDENTS BY 2018 DOWNTOWN NASHVILLE WILL HAVE 63,000 DAYTIME OFFICE WORKERS BY

9 310 4th Avenue South, Nashville, Tennessee Restaurant at SOBRO FOR MORE INFORMATION, CONTACT: AUSTIN BENEDICT JOHN MAXWELL CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. PMStudio_April2017 9