JBJ's Nashville is a 36,767 sq ft five-story, Class A Fit & Finish, full-service restaurant, bar, and entertainment venue equipped with a state-of-the-art service basement with a fully built-out, multi-million-dollar industrial kitchen — the largest full-service kitchen on Broadway. The property opened for business in June of 2024 with frontage on both Broadway and Fourth Avenue. After two years of entitlement and site work, 405 Broadway was the first ground-up development on Lower Broadway since 2018. The property was designed to be the premier asset on one of the most visited streets in America. The investment will offer a net operating income initially at $6,443,525 and will increase by 2.00% annually.
Nashville's economy rests on three strong pillars: state government, higher education, and healthcare. Jon Bon Jovi is a partner in the Lower Broadway bar alongside a Nashville real estate firm. The lease is structured as a twenty-year triple-net (NNN) sale leaseback, providing an investor with long-term, predictable income from a celebrity-backed, brand-new Class A development on one of the most visited streets in America.
