Matthews™ Facilitates Acquisition of Premier Retail Asset in East Nashville’s Five Points District

NASHVILLE, TN—Matthews™, a commercial real estate investment services and technology firm, represented the buyer in the acquisition of an 8,207-square-foot retail asset, located at 1000 Woodland St in Nashville, TN. Matthews™ Associate Vice President Ben Burnett facilitated the $8,500,000 transaction.

Situated in the heart of Five Points, East Nashville’s premier dining and entertainment district, the property is less than two miles from downtown Nashville, benefiting from its proximity to several transformative developments reshaping the city’s urban core. Completed in 2023, the fully occupied asset is leased to Bartaco and Edley’s Bar-B-Que, two established restaurant operators with strong local and national brand recognition. Operating under long-term NNN lease structures expiring in 2033, both tenants feature annual rent escalations and more than seven years of remaining lease term, providing stable cash flow and built-in income growth.

Leveraging deep industry relationships and local market expertise, Matthews™ successfully differentiated the buyer through a well-defined acquisition plan and demonstrated certainty of execution throughout the process. The buyer, a local private client completing a 1031 exchange, was drawn to the rare opportunity to secure a long-term investment in one of Nashville’s most coveted retail pockets. To facilitate the acquisition, Matthews™ Capital Markets secured $5,100,000 in permanent financing through a local lender with a 60-month term. The transaction closed at a 5.73% cap rate, representing an attractive cost basis of over $1,000 per square foot.

“Over the years, the Five Points has become one of the most desirable retail corridors in Nashville, and investor demand continues to reflect that,” Burnett said. “Opportunities like this do not come around often in this pocket of Nashville. It was an ultimate collaborative effort, and our client trusted our expertise and knowledge of the market to get this across the finish line.”

For more information, please contact Ben Burnett or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.