935 East Trinity Lane

14,215 sq. ft. of office and warehousing on 1.24 acres of land

East Nashville is one of the city’s hottest neighborhoods at the moment and the Trinity Lane corridor is no exception.

The east side of the river features some of the city’s best connectivity due to the North/South accessibility from Dickerson Pike, Gallatin Pike, Ellington Parkway, and I-65 and the East/West accessibility of East and West Trinity Lanes and Briley Parkway.

Downtown proximity, in combination with East Nashville’s historic charm and creative vibes, has brought the neighborhood to the attention of new residents, businesses, and developers, alike.

Although the east side of town has grown rapidly in the last few years, rental rates and sales prices are still competitive to other growing parts of town, such as 12 South, Germantown, and Hillsboro Village. The Trinity Lane corridor offers affordable spaces with potential views of the Nashville skyline.

The Trinity Lane Corridor

The East - West Connector

Nashville’s Trinity Lane corridor is one of the city’s most up-and-coming commercial corridors in the greater metro area. Trinity Lane starts at Gallatin Pike in East Nashville and runs through Ellington Parkway, Dickerson Pike, I-65, and White’s Creek Pike through to Clarksville Pike / Briley Parkway.

Although the corridor saw a decline following the arrival of Nashville’s interstate system, the unparalleled connectivity and East Nashville charm have caught the attention of commercial real estate investors, developers, and small business owners, alike.

Trinity Lane, trafficked by over 18,275 cars per day, is one of Nashville’s largest arteries headed east-west north of downtown. The corridor has seen a massive expansion in the last couple of years with the arrival of The Edison (1077 East Trinity Lane), The Vibe (1046 East Trinity), and Living Waters Brewery. Other notable Trinity Lane businesses include East Nashville Beer Works, Hunter’s Custom Automotive, and Grimey’s.

ABOUT 935 East Trinity Lane

Listed exclusively by The Cauble Group, 935 East Trinity Lane is a 14,215 square foot office building on three parcels totaling 1.24 acres. The building was renovated in 2016 and is currently occupied by Toro Title (3,300 sq. ft.), Judith Hill Photography (1,000 sq. ft.), Sparkworks Union* (5,275 sq. ft.), and a single tenant in the basement (600 sq. ft.).

Located on the rapidly turning Trinity Lane corridor, the property sits just off the Ellington Parkway exit. The site is minutes from downtown Nashville and features strong connectivity through Ellington / Briley Parkways & Trinity Lane to Dickerson Pike / Gallatin Pike.

*Sparkworks Union is a coworking space operated by the owners of the building. The coworking leases are all signed individually with the ownership (so there is no lease with a single coworking entity) and range in length from 6 to 12 months.

While the property is currently listed at a 6.8% cap rate with significant upside to push that over 8.6% within 12 to 18 months. The walkout basement, which has 9’+ ceilings, and a portion of the main floor are currently used by ownership for personal storage. These suites, if properly renovated, could provide an additional $50,000+ in net income annually.

The three parcels offer flexibility for incoming ownership. The back lot, which currently has an old house (tear-down) seated on it, may be sold off for a quick cash injection, redeveloped into a new office / warehouse building, or turned into more parking. More parking would be beneficial on this site, as it may be possible to add stories on top of the current structure.

Other features include:

• Taller, exposed ceilings - 10’

• Corner lot on East Trinity Lane and Ambrose Avenue

• Ideal connectivity to interstates / major corridors

• Surface parking

• Income producing tenants on flexible lease terms for new ownership

• New roof and mechanical systems

KEY METRICS ON THE RIVERGATE / HENDERSONVILLE SUBMARKET

• Market Rent per Square Foot: $21.80

• Vacancy Rate: 4.6%

• Months on Market: 7.2

• Market Sale Price per Square Foot: $161

• Market Sale Price: $1.3 million

• Market Cap Rate: 7.3%

Ask About 935 East Trinity Lane