The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new,...

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SCOTT LUMLEY Owner +1-615-943-5702 [email protected] The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet, TN 37122

Transcript of The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new,...

Page 1: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

SCOTT LUMLEY Owner +1-615-943-5702 [email protected]

The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet, TN 37122

Page 2: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Disclaimer

Resolve Commercial has been retained as exclusive advisor to Scott

Lumley (the “owner”) to market for the lease of The City Center. (the

“Property”) located in Mt Juliet, TN.

The enclosed information has been prepared by Resolve Commercial for

use by a highly selected number of parties and does not purport to be all

inclusive or to contain all of the information which prospective investors

may need or desire. All projections have been developed by Resolve

Commercial, the Owner, and designated sources and are based upon

assumptions relating to the general economy, competition, and other

factors beyond the control of the Owner, and therefore are subject to

variation. No representation is made by Resolve Commercial or the

Owner as to the accuracy or completeness of the information contained

herein, and nothing contained herein is, or shall be relied on as a

promise or representation as to the future performance of the Property.

Although the information contained herein is believed to be correct,

Owner, its employees, and affiliates disclaim any responsibility for

inaccuracies and expect prospective purchasers to exercise independent

due diligence in verifying all such information. Further, Resolve

Commercial, Owner and its employees disclaim any and all liability for

representations and warranties, expressed and implied, contained in, or

for omissions from the enclosed information or any other written or oral

communication transmitted or made available to the recipient. The

enclosed information does not constitute a representation that there has

been no change in the business or affairs of the Property or the Owner

since the date of preparation of the enclosed information. Analysis and

verification of the information contained in the enclosed information

is solely the responsibility of the prospective investor.

Additional information and an opportunity to inspect the Property will

be made available upon written request to interested and qualified

prospective investors. Contact with any of the Property’s employees and

tenants without prior approval of the Owner is strictly prohibited.

The Owner and Resolve Commercial each expressly reserve the right, in

their sole discretion, to reject any and all expressions of interest or

proposals to invest in the Property and/or terminate discussions with

any entity at any time with or without notice.

The Owner shall have no legal commitment or obligation to any entity

reviewing the enclosed information or making a proposal to lease the

Property unless and until a written agreement for the lease of the Property has been fully

executed, delivered, and approved by the Owner and its legal counsel, and any conditions to

the Owner’s obligations thereunder have been satisfied or waived. Resolve Commercial is not

authorized to make any representations or agreements on behalf of the Owner.

The enclosed information and its contents, except such information which is a matter of

public record or is provided in sources available to the public, (such contents as so limited

herein called the “Contents”) are of a confidential nature. By accepting the enclosed

information, you agree (i) to hold and treat it in the strictest confidence, (ii) not to photocopy

or duplicate it, (iii) not to disclose the enclosed information or any of its contents to any other

entity (except to outside advisors retained by you, if necessary, for the completion of your Due

Diligence) without the prior written authorization of the Owner or Resolve Commercial, (iv)

not to use the enclosed information or any of the contents in any fashion or manner

detrimental to the interest of the Owner or Resolve Commercial, (v) not to have any contact

with any of the tenants and/or employees of the Property without prior approval of the

Owner, and (vi) to return the enclosed information and other materials furnished to you to

Resolve Commercial immediately upon request of Resolve Commercial or Owner.

If you have no further interest in the Property, please return the Enclosed information and all

other materials furnished to you forthwith and continue to abide by the provisions herein. By

accepting the enclosed information you agree to abide by the terms and conditions herein. 2/ Resolve Commercial Mt Juliet, TN

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Building SF: 45,733

Land Size: 4.6 Acres

Year Built: Reconstruction completed in 2017

Lease Commencement: All unites have individual commencement

Lease Expiration: All units have individual expirations depending

on lease date.

Lease Terms: 5 Year Leasing Minimum

Rent Increases: Flat or Term

Lease Type: NNN Lease / All Inclusive

Occupancy Rate: 100%

Rent Schedule: Lease Terms Lease Years Renewal Increase

Executive Summary

The City Center

Location: 1710 Mt Juliet Road, Mt Juliet, TN 37122

Original LT 1-5 10% +

1st Renewal 6-11 10% +

2nd Renewal 11-16 10% +

3rd Renewal 17-21 10% +

Base Rent - 2,500 SF Price: Negotiable

The City Center, Space 1720

1720 Mt Juliet Road, Mt Juliet, TN 37122

3/Resolve Commercial Mt Juliet, TN

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Property Information

Project Highlights

• NNN Triple Net Lease - 5 Year Lease with no Landlord expense

responsibilities and renewal options to extend terms.

• All Inclusive - $1500.00 Base Rent for Suites 1724,1726, & 1728

• Remolded Construction - completed in 2017

• Extensive Redevelopment in Immediate Area

• High Traffic Site - Mt Juliet Road, South of Providence and I40

Interchange. Highest Traffic City in the County.

• Retail Demographics - 33,000 Population

4/ Resolve Commercial Mt Juliet, TN

Night View | The City Center

Page 5: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located
Page 6: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Mt Juliet, TN 37122

A new, large-scale commercial and residential development called "Providence Marketplace" is located on the city's southern side near Interstate 40. Tenants include Target, Belk, JCPenney, Best Buy, PetSmart, Old Navy, Kroger, and a 14-screen multiplex operated by Regal Entertainment.

Providence Commons is a 200,000 square foot shopping center on a 30.8-acre site on South Mt. Juliet Road and Providence Parkway. It is anchored by a 54,000 square foot Publix Supermar-ket, with three to four anchor and junior anchor tenants, small shop retail, and six outparcels.[12] Mt. Juliet Crossing is a 37+ acre development of office and retail located in Mt. Juliet at Central Pike and South Mt. Juliet Road, with tenants including Hampton Inn & Suites, restaurants, Walgreens, retail stores, and medical offices. Adams Lane Plaza is a 35,000 square foot retail center located in

Mt. Juliet at Interstate 40 and South Mt. Juliet Road. Paddock Place offers one million square feet of retail and office space located in on North Mt. Juliet Road just off Interstate 40. Its anchor tenants include Lowe's, Academy Sports & Outdoors and Wal-Mart, plus restaurants and retail outlets.

Currently many homes, apartments, retail and mixed use projects are either proposed or under construction in the Mount Juliet area. In 1999, citizens voted to allow Liquor-By-The-Drink sales inside the city limits, in the hope of attracting major chain restaurants. Companies that have facilities in Mount Juliet include FedEx and Under Armour. Lake Providence Nashville Superspeedway, a 1.33-mile (2.14 km) oval hosting NASCAR Busch Series, Craftsman Truck Series, and Indy Racing League events, is located in nearby Gladeville. In 2011 the track notified NASCAR that it would not seek sanctioned races for 2012, but remains available for Race Team Testing.

6/ Resolve Commercial Mt Juliet, TN

Page 7: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Spaces Available for Leasing

7/ Resolve Commercial Mt Juliet, TN

All Inclusive

$1500.00

1724

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Spaces Available for Leasing

8/ Resolve Commercial Mt Juliet, TN

All Inclusive

$1500.00

All Inclusive

$1500.00

1726

1728

Page 9: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Spaces Available for Leasing

9/ Resolve Commercial Mt Juliet, TN

Page 10: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Spaces Available for Leasing

10/ Resolve Commercial Mt Juliet, TN

1,425 SF

Page 11: The City Center For Lease 1710 Mt Juliet Road, Mt. Juliet ......Mt Juliet, TN 37122 A new, large-scale commercial and residential development called "Providence Marketplace" is located

Spaces Available for Leasing

10/ Resolve Commercial Mt Juliet, TN

1,875 - 10,000 SF

1764

Drive Thru Option Available

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The City Between the Lakes

Home to The Center City & Hopefully You!

Thank You.

SCOTT LUMLEY Owner +1-615-943-5702 [email protected]