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Steve Broker Steve Broker John Agent John AgentExecutive Vice President Investments First Vice President Investments Vice President Investments Vice President InvestmentsPalo Alto Office Sacramento/Reno Office Palo Alto Office Palo Alto OfficeTel: (650) 391-1774 Tel: (916) 724-1400 Tel: (650) 391-1796 Tel: (650) 391-1797Fax: (650) 391-1715 Fax: (916) 724-1410 Fax: (650) 391-1715 Fax: (650) [email protected] [email protected] [email protected] [email protected]: CA 01234567 License: CA 01234567
NV 01234License: CA 01234567 License: CA 01234567
P R E S E N T E D B YP R E S E N T E D B YPaul BlackburnSenior AssociateMember, National Land GroupNashville OfficeTel: (615) 997-2857Fax: (615) 997-2910
FOWLER LAND TRACTNolensville, TN
OFFERING MEMORANDUM
FOWLER LAND TRACTNolensville, TNACT ID Y0480074
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
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INVESTMENT
OVERVIEW
OFFERING SUMMARY
Price $785,000
Down Payment 100% / $785,000
Loan Amount $0
Loan Type All Cash
Lot Size (SF) 379,843
Price/SF $2.07
Lot Size (Acres) 8.72 acre(s)
Price/Acre $90,023
Number of Lots 1
Price/Lot $785,000
Type of Ownership Fee Simple
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EXECUTIVE SUMMARY
OFFERING SUMMARY
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OFFERING SUMMARY
MAJOR EMPLOYERS
EMPLOYER # OF EMPLOYEES *
Quanta Service Nashville LLC 5,011
Quanta 5,006
Walmart 420
Foundation For Health Care 400
Ammed Homecare Pharmacy 350
Simplicity Pattern 300
Venture Express Inc 300
Ey 281
Venture Ex Inc La Vergne TN 280
Wirtgen America Inc 230
Hennessy Industries Inc 222
Lightning Source 221
DEMOGRAPHICS
1-Miles 3-Miles 5-Miles
2016 Estimate Pop 2,460 24,650 75,528
2010 Census Pop 1,821 18,916 63,198
2016 Estimate HH 889 8,111 27,820
2010 Census HH 668 6,281 23,513
Median HH Income $94,863 $96,720 $79,550
Per Capita Income $45,291 $42,782 $40,423
Average HH Income $125,268 $129,988 $109,721
* # of Employees based on 5 mile radius
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OFFERING SUMMARY
§ 8.72 Acre Tract of Raw Undeveloped Land
§ Over 400 Linear Feet Of Road Frontage Along Nolensville Road
§ Level Parcel, Almost Pad Ready Topology
§ Utilities Are To Site at Road Frontage
§ Inside The Nolensville City Limits Within Williamson County
INVESTMENT HIGHLIGHTS
Marcus & Millichap is pleased to offer this 8.72 acre parcel of land located within Nolensville, Tennessee in Williamson County. It is currently zoned Residential, however it
is contiguous to 5.5 acre tract that has been recently rezoned commercial "CS" for Commercial Services. Re-entitlement of this subject property should be an effortless
formality. The topology of this subject parcel is level with little to no height transition to road frontage. Utilities are accessible at road frontage including, gas, water,
electrical, cable and fiber communications.
INVESTMENT OVERVIEW
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PROPERTY SUMMARY
OFFERING SUMMARY
THE OFFERING
Property Fowler Land Tract
Price $785,000
Property Address 7106 Nolensville Rd,Nolensville,TN
Assessors Parcel Number 033 108.00
Zoning Residential
Utilities Peidmont Gas, City Water, NES Electricity, Comcast & AT&T
Ingress/Egress Nolensville Road
SITE DESCRIPTION
Lot Size (SF) 379,842
Price/SF $2.06
Lot Size (Acres) 8.72
Price/Acre $90,000
Number of Lots 1
Price/Lot $785,000
Type of Ownership Fee Simple
PROPERTY SUMMARY
Flood Plain Minimal 500 Year FEMA Flood Plain
Roads Kidd Road, Nolensville Road, Hwy #96, I-65
PUBLIC UTILITIES
Sanitary Sewer Nolensville City
Gas Peidmont Gas
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LOCATION OVERVIEW
CLOSE PROXIMITY TO:
7106 Nolensville Rd, Nolensville, TN 37135
LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEFOWLER LAND TRACT
PRICING AND VALUATION MATRIX
PROPERTY NAME
FOWLER LAND TRACT
LOCATION OVERVIEW
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REGIONAL MAP
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LOCAL MAP
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AERIAL PHOTO
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MARKET
OVERVIEW
MARKET OVERVIEW
Nashville-Davidson-Murfreesboro-Franklin, TN Metro
Market Highlights
Music city
§ The music industry provides jobs and supports a large hospitality sector.
Diversifying economy
§ Other major industries in the metro include healthcare, government,
automotive, publishing, insurance and finance.
Population growth
§ The population will increase at a faster pace than the nation over the
next five years.
NASHVILLE
The Nashville metro is located in the north-central portion of the state of Tennessee, in
what is known as the Central Basin. The area is underlain primarily by limestone from
the Ordovician Period. The Cumberland River, which snakes through the region, adds to
the local economic base and enhances Nashville’s quality of life.
Geography
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MARKET OVERVIEW
Three major interstate highways intersect in Nashville, I-40, I-24 and I-65. In addition, I-440 serves as an inner
beltway circling the city, and I-840 is an outer beltway. The region is home to numerous freight carriers and truck
terminals.
Air service to the region comes through the Nashville International Airport and several general aviation facilities,
including the John C. Tune and Smyrna airports. Also, Nashville Air Cargo is an all-cargo complex located at the
Nashville International Airport.
The Port of Nashville, located on the Cumberland River, provides full river barge access to the Gulf of Mexico.
CSX Transportation has a major intermodal rail yard servicing the Southeast U.S. located nearby. In addition, the
Music City Star, a passenger commuter rail, runs between the city of Lebanon and downtown Nashville, and bus
transit within the city is provided by the Metropolitan Transit Authority.
Infrastructure
The Nashville Metro is:§ 210 miles from Memphis§ 249 miles from Atlanta § 290 miles from Indianapolis§ 310 miles from St. Louis
Airports§ Nashville International Airport§ General aviation airports
Major Roadways§ Interstates 24, 40, 65, 440 and 840§ U.S. 31, 41, 70 and 431
Rail§ Freight – CSX§ Commuter – Music City Star Rail
Ports§ Port of Nashville
The Nashville metro, with a population of nearly 1.8 million, has 13 counties: Davidson, Smith, Macon, Williamson,
Cheatham, Sumner, Dickson, Robertson, Cannon, Rutherford, Hickman, Trousdale, Maury and Wilson. Nashville,
the capital city, is also the largest in the metro with 646,600 residents, followed by Murfreesboro.
Metro
Largest Cities in Metro by PopulationNashville 646,600
Murfreesboro 120,600
Franklin 69,300
Hendersonville 55,100
Smyrna 43,800
Brentwood 41,700
* ForecastSources: Marcus & Millichap Research Services; U.S. Census Bureau; Experian
NASHVILLE
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MARKET OVERVIEW
For many, country music and Nashville are synonymous. The metro is home to
the Ryman Auditorium, Grand Ole Opry, Country Music Television and Music
Row. Music and entertainment have helped to establish a large tourism industry.
Facilities such as the Gaylord Opryland Resort & Convention Center, the
Nashville Convention Center and the 1.2 million-square-foot Music City Center
have all played a role in expanding the hospitality and tourism segment.
Although entertainment and tourism are vital to the local economy, the economic
base is much more diverse. This is due, in part, to the area having one of the
nation’s lowest overall tax burdens and the availability of incentives to attract
relocating and expanding businesses. Other major industries in the metro include
healthcare, higher education, finance and insurance, automobile production,
printing and publishing, and technology manufacturing. There are six fortune 500
companies headquartered in the region: HCA Holdings, Dollar General,
Community Health Systems, LifePoint Health, Delek US Holdings and Tractor
Supply Co.
Institutions of higher learning in the metro include Middle Tennessee State
University, Lipscomb University, Belmont University, Vanderbilt University and
Tennessee State University. Education, healthcare and government employment
help to diversify Nashville’s employment base.
Economy
* ForecastSources: Marcus & Millichap Research Services; Bureau of Economic Analysis; Moody’s Analytics; U.S. Census Bureau; Experian
NASHVILLE
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MARKET OVERVIEW
After outperforming the national rate of job growth over the past 10 years, the Nashville metro is expected to
maintain an elevated pace of growth through 2020. Many employment sectors that posted the most robust
growth during the previous five years are now decelerating to a more sustainable pace, and all sectors except
for manufacturing are forecast to expand during this period. The largest increase will be in construction, at an
average pace of 5.3 percent annually in the coming five years.
Currently, the trade, transportation and utilities sector is the largest provider of regional jobs. These industries
comprise 20 percent of Nashville’s entire employment base, or approximately 180,600 jobs. Many of these
positions are in retail. The professional and business services sector makes up another major share of Nashville
employment, representing about 16 percent of payrolls. While this sector registered impressive annual growth
of approximately 6.8 percent throughout the previous five years, jobs in this sector are now forecast to expand
by 3.5 annually. The education and health services segment comprises another 16 percent of employment.
Demand for these services is expected to increase throughout the foreseeable future, as the metro
continuously records population growth well above the national average.
Other employment segments that will register impressive gains through 2020are education and health services,
leisure and hospitality, information and the financial activities sectors. All of these industries are expected to
grow jobs at a pace in excess of 1 percent annually.
Labor
* ForecastSources: Marcus & Millichap Research Services; BLS; Moody’s Analytics
NASHVILLE
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MARKET OVERVIEW
The list of major employers in Nashville is dominated by education, healthcare and government entities. The state of Tennessee, the Metropolitan Nashville-Davidson
County Government, which includes the public school system, and Vanderbilt University and Medical Center each account for nearly 20,000 jobs. St. Thomas Health
Services, MedSolutions and HCA also contribute to the growing healthcare industry. Other large employers are financial and insurance companies, which employ tens of
thousands of workers in the metro. Major companies include American General Life Companies, Hylant Group, CNA, First Tennessee Bank, Sun Trust Bank, Primus
Automotive Financial Services and Asurion Insurance Services Inc.
Ryman Hospitality Properties, formerly Gaylord Entertainment, is a large employer in the leisure and hospitality sector. The company operates the Grand Ole Opry, the
Ryman Auditorium and other venues. The entertainment industry helped to spawn a large printing and publishing industry that focuses not only on country-western media,
but Christian media as well. Large companies include the United Methodist Publishing House, Ingram Content Group and R R Donnelley & Sons Co.
Automobile production flourished when Nissan’s Smyrna Plant began operations. The headquarters for Nissan North American, Inc. moved to Franklin in 2006 and
International Automotive Components, GM and Bridgestone are located in the region.
Zycron, Amazon and Emma are a few of the technology employers in the Nashville area that draws young professionals to the region.
Employers
Major EmployersVanderbilt University and Medical Center
Kroger
Community Health Systems
Saint Thomas Health Services
Nissan North America
HCA
Ryman Hospitality Properties
Electrolux Home Products
Cracker Barrel Old Country Store, Inc.
Randstad Staffing
* ForecastSources: Marcus & Millichap Research Services; BLS; Moody’s Analytics; Experian
NASHVILLE
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MARKET OVERVIEW
The Nashville metro population is expected to grow by more than 120,000 people over the next five years. The growth will come from both in-migration and natural
increases, as the area has a large portion of families in their childbearing years. Accordingly, the median age, at 36.2 years, is below the U.S. median of 37.5 years. The
number of residents in the 65-plus age bracket accounts for just 12 percent of the metro’s population, under the average for the country. This bodes well for Nashville’s
future, as it illustrates the area’s large, available employment pool on the verge of their most successful earning years.
Nashville, which is home to more than 20 colleges and universities and is the state capital, has a higher level of education among residents than the national average.
Approximately 30.2 percent of the local population older than age 25 have earned at least a bachelor’s degree, as opposed to 28.8 percent for the entire country. The metro
also places high in education attainment when compared with many other Southeastern cities.
Elevated education levels often translate to higher incomes. The metro’s median household income has consistently tracks the nationwide median. Strong incomes and the
relatively affordable median home price of $208,500 have afforded more than 65 percent of households to own their home.
Demographics
NASHVILLE
* ForecastSources: Marcus & Millichap Research Services; AGS; Experian; Moody’s Analytics; U.S. Census Bureau
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MARKET OVERVIEW
While music may be in Nashville’s blood, Music City has a lot more to offer, including performing arts, history, cuisine, professional sports, education institutions, natural
beauty and Southern charm.
Music is alive not only at the Grand Ole Opry, but also at the Ryman Auditorium, Fontanel Mansion, Schermerhorn Symphony Center and the Tennessee Performing Arts
Center. For country music fans, there is the Country Music Hall of Fame and Museum. Performing arts include the Nashville Ballet, Nashville Symphony, Nashville Opera
Association, Tennessee Repertory Theatre, Nashville Children’s Theatre and the ACT 1, Artists’ Cooperative Theatre.
Museums in the metro include the Tennessee State Museum, the Vanderbilt University Fine Arts Gallery, Frist Center for the Visual Arts, Cheekwood Botanical Garden &
Museum of Art and the Carl Van Vechten Gallery at Fisk University.
Sports enthusiasts can watch the Tennessee Titans of the NFL, the NHL Nashville Predators and the Nashville Sounds, a member of baseball’s AAA Minor League.
For those who want to spend an afternoon outdoors, one can take in the Parthenon, the world’s only replica of the ancient Greek temple, which is located only 2 miles from
downtown Nashville or Nashville Shores Water Park and Marina.
* ForecastSources: Marcus & Millichap Research Services; National Association of Realtors; Moody’s Analytics; U.S. Census Bureau
Quality of Life
NASHVILLE
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PROPERTY NAME
MARKETING TEAM
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DEMOGRAPHICS
Source: © 2016 Experian
Created on May 2017
POPULATION 1 Miles 3 Miles 5 Miles§ 2021 Projection
Total Population 2,908 29,689 88,029
§ 2016 Estimate
Total Population 2,460 24,650 75,528
§ 2010 Census
Total Population 1,821 18,916 63,198
§ 2000 Census
Total Population 591 6,171 33,167
§ Daytime Population
2016 Estimate 1,351 12,973 41,865
HOUSEHOLDS 1 Miles 3 Miles 5 Miles§ 2021 Projection
Total Households 1,063 9,824 32,419
§ 2016 Estimate
Total Households 889 8,111 27,820
Average (Mean) Household Size 2.97 2.98 2.70
§ 2010 Census
Total Households 668 6,281 23,513
§ 2000 Census
Total Households 211 2,172 13,273
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles§ 2016 Estimate
$250,000 or More 6.34% 7.33% 5.57%
$200,000 - $249,999 3.85% 4.59% 3.73%
$150,000 - $199,999 13.10% 12.71% 8.84%
$125,000 - $149,999 8.33% 8.61% 6.98%
$100,000 - $124,999 15.16% 14.79% 12.19%
$75,000 - $99,999 15.78% 15.05% 15.67%
$50,000 - $74,999 15.04% 14.35% 16.64%
$35,000 - $49,999 10.87% 10.04% 11.85%
$25,000 - $34,999 4.44% 4.72% 6.66%
$15,000 - $24,999 3.76% 4.24% 6.55%
Under $15,000 3.33% 3.57% 5.32%
Average Household Income $125,268 $129,988 $109,721
Median Household Income $94,863 $96,720 $79,550
Per Capita Income $45,291 $42,782 $40,423
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PROPERTY NAME
MARKETING TEAM
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DEMOGRAPHICS
Source: © 2016 Experian
Created on May 2017
POPULATION PROFILE 1 Miles 3 Miles 5 Miles§ Population by Age
0 to 4 Years 6.96% 7.20% 7.54%
5 to 14 Years 18.74% 19.67% 16.97%
15 to 17 Years 5.75% 5.42% 4.50%
18 to 19 Years 2.79% 2.59% 2.26%
20 to 24 Years 4.75% 4.37% 5.62%
25 to 29 Years 4.04% 4.35% 7.28%
30 to 34 Years 6.33% 6.58% 8.07%
35 to 39 Years 8.48% 8.44% 7.94%
40 to 49 Years 17.14% 17.49% 15.65%
50 to 59 Years 12.80% 12.49% 12.62%
60 to 64 Years 4.62% 4.44% 4.73%
65 to 69 Years 3.29% 3.10% 3.22%
70 to 74 Years 1.81% 1.69% 1.67%
75 to 79 Years 1.05% 1.00% 0.93%
80 to 84 Years 0.75% 0.60% 0.54%
Age 85+ 0.70% 0.58% 0.44%
Median Age 35.42 34.89 33.62
POPULATION PROFILE 1 Miles 3 Miles 5 Miles§ Population 25+ by Education Level
2016 Estimate Population Age 25+ 1,501 14,977 47,667
Elementary (0-8) 0.66% 0.83% 1.77%
Some High School (9-11) 2.29% 2.43% 3.35%
High School Graduate (12) 14.31% 13.72% 16.27%
Some College (13-15) 18.84% 18.77% 19.31%
Associate Degree Only 8.70% 7.87% 7.00%
Bachelors Degree Only 36.84% 37.95% 34.77%
Graduate Degree 18.10% 18.02% 16.99%
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IncomeIn 2016, the median household income for your selected geography is $94,863, compare this to the US average which is currently $54,505. The median household income for your area has changed by 46.89% since 2000. It is estimated that the median household income in your area will be $113,154 five years from now, which represents a change of 19.28% from the current year. The current year per capita income in your area is $45,291, compare this to the US average, which is $29,962. The current year average household income in your area is $125,268, compare this to the US average which is $78,425.
PopulationIn 2016, the population in your selected geography is 2,460. The population has changed by 316.24% since 2000. It is estimated that the population in your area will be 2,908.00 five years from now, which represents a change of 18.21% from the current year. The current population is 48.88% male and 51.12% female. The median age of the population in your area is 35.42, compare this to the US average which is 37.68. The population density in your area is 782.47 people per square mile.
HouseholdsThere are currently 889 households in your selected geography. The number of households has changed by 321.33% since 2000. It is estimated that the number of households in your area will be 1,063 five years from now, which represents a change of 19.57% from the current year. The average household size in your area is 2.97 persons.
EmploymentIn 2016, there are 445 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 70.92% of employees are employed in white-collar occupations in this geography, and 30.07% are employed in blue-collar occupations. In 2016, unemployment in this area is 6.08%. In 2000, the average time traveled to work was 31.00 minutes.
Race and EthnicityThe current year racial makeup of your selected area is as follows: 81.45% White, 6.84% Black, 0.04% Native American and 8.42% Asian/Pacific Islander. Compare these to US averages which are: 70.77% White, 12.80% Black, 0.19% Native American and 5.36% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin make up 3.00% of the current year population in your selected area. Compare this to the US average of 17.65%.
PROPERTY NAME
MARKETING TEAM
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HousingThe median housing value in your area was $361,631 in 2016, compare this to the US average of $187,181. In 2000, there were 192 owner occupied housing units in your area and there were 20 renter occupied housing units in your area. The median rent at the time was $520.
Source: © 2016 Experian
DEMOGRAPHICS
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TRAFFIC COUNTYEAR COUNT
2013 13,128
2007 11,555
2012 10,487
MARKETING PLAN
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LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX
PROPERTY NAMEFOWLER LAND TRACT
PRICING AND VALUATION MATRIX
PROPERTY NAME
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MARKET OVERVIEW
Source: © 2016 Experian
www.MarcusMillichap.com
Paul Blackburn
Senior Associate
Member, National Land GroupNashville OfficeTel: (615) 997-2857
Fax: (615) 997-2910
License: TN 309944
P R E S E N T E D B Y
