Highly Prized Area: 99 White Bridge is located near Nashville’s most affluent neighborhoods in the Belle Meade – Green Hills submarket. The average household income with in a three-mile radius of the site is $149,737. Area retailers and restaurants include Target, Trader Joe’s, Raising Cane’s, Panera Bread, Chipotle, Chuy’s, J. Alexander’s, Publix Supermarket, and Kroger.
New Developments: Recently, AJ Capital Partners paid $87,000,000 for Belle Meade Plaza (0.5 miles) and has plans for a 775,000 square foot mixed use project. The Manning is a Luxury Condominium building featuring 36 residences starting a $3,100,000.
Limited Availability: The submarket has a vacancy rate of 2.2% and the average asking rental rate is $49.00 per square foot. The average in-place base rent in 99 White Bridge is $27.19 per square foot.
Long Time Tenants: Hairvoyant, Southern Belle Rose, Audiology Associates, Studio Nova, Food and Ankle Group, and Table Manners have operated at 99 White Bridge Road for more than 10 years. This group represents 64% of the gross leasable area on the rent roll.
Area Demand Drivers: Other notable demand drivers in the area include St. Thomas West Hospital, Nashville State Community College, McCabe Municipal Golf Course, Richland Creek Greenway, and private schools Montgomery Bell Academy, Ensworth Elementary and St. Cecilia Academy.
