Project

1404 Dickerson Pike is a 3.34 acre site with plans for a multi-building 57,114 square foot outdoor foodhall featuring a mix of micro-restaurants, micro-retail, micro-office space, an event hall, and outdoor venue. The site is fully entitled for high-density mixed-use and will adhere to our model of Walkable, Sustainable, and Publicly Engaging.

Location

1404 is located on one of Nashville’s major thoroughfares in the rapidly expanding East Nashville neighborhood. The site sits next door to The Dive Motel and between East Trinity Lane and Downtown Nashville. The close proximity to downtown at slightly higher elevations provides unparalleled skyline views at street level.

Investment

Target IRR: 20.00%

Target Equity Multiple: 2.15x

Target Annualized Return: 21.44%

Target Investment Period: 4 Years

metrics

Blended Commercial Rent: $33.65 PSF NNN

Operating Capital & Reserves: $879,540

Target Stabilized NOI: $1,969,542

Target Exit Cap Rate: 6.00%

Tyler Cauble

Tyler brings seven years of experience in commercial real estate development and investment to the table. In 2016, he put together his first development deal: a 42-unit townhome project in West Nashville. After launching an Amazon best-seller, Open for Business: The Insider’s Guide to Leasing Commercial Real Estate, Tyler founded The Cauble Group and Parasol Property Management in 2018. Since then, he has successfully acquired and exited numerous office, retail, and industrial investments with a focus on East Nashville.

Bruce Petersen

Apt-Guy, Bruce Petersen, is an award-winning real estate syndicator, TV personality, public speaker, and business coach based in Texas. His apartment syndications have spanned multiple years and have consisted of over 1100 units. Bruce was a stock broker in the early 90’s and after a long and successful career in retail management he has been investing in real estate since 2012. In 2020, he released his Amazon best-selling book, Syndicating Is A Bitch: And Other Truths You Haven’t Been Told.