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The Parliament - Nashville Retail/Restaurant 184 2nd Ave N 4,000 - 22,000 SF of Retail Space Available in Nashville, TN 37201
HIGHLIGHTS
- Flagship Retail/Restaurant Space for Lease - all or part of 5 floors (average 6,000 SF floorplate)
- Excellent Downtown Nashville Location surrounded by landmarks, retail and restaurants
- 2nd Avenue Revitalization to expand sidewalks and outdoor seating
- Walking Distance from Broadway and adjacent to Nashville's Riverfront walk
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 4,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 2nd Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 3rd Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
Basement
- Highly Desirable End Cap Space
1st Floor
- Highly Desirable End Cap Space
2nd Floor
- Highly Desirable End Cap Space
3rd Floor
- Highly Desirable End Cap Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 22,000 SF | Gross Leasable Area | 22,632 SF |
| Property Type | Retail | Year Built/Renovated | 1910/2023 |
| Property Subtype | Storefront | Cross Streets | Church St |
| Total Space Available | 22,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 22,632 SF |
| Year Built/Renovated | 1910/2023 |
| Cross Streets | Church St |
ABOUT THE PROPERTY
Pegasus Asset Management is proud to present The Parliament, a premier leasing opportunity in downtown Nashville. The Parliament is a historic and iconic masonry building situated on famed 2nd Avenue in Downtown Nashville, with the well-earned reputation as the “Soul of the City”. The offering is for all or part of the five floors of the structure (three stories above ground, plus a potential activated rooftop, and a built out lower level which has entrances facing both streets of this corner property). Once known as Market Street, 2nd Avenue has always been an enviable address for live music, restaurants, bars, and retailers, just off of Broadway with a vibe and excitement all its own, and surrounded by a myriad of hotels, apartment buildings, and office buildings. Following the damage that occurred on the street in 2020, the City of Nashville has dedicated thought, significant funding, and resources to revitalize 2nd Avenue by creating a walker’s paradise for tourists and residents alike. Further, the City is creating a breezeway mid-block linking 2nd Avenue to the riverfront on 1st Avenue, where the City is simultaneously expending funds to revitalize and activate the riverfront. Additionally, the City is expanding the width of the 2nd Avenue sidewalks, adding outdoor seating, pedestrian crossings, and constructing other betterments, all the while maintaining 2nd Avenue’s historic character. The renaissance is on the horizon, and we are seeking an iconic brand or brands to join what promises to be the best new street in Nashville!
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| 1st Ave N | Gay St Con, NW | 7,063 | 2022 | 0.05 mi |
| 1ST AVE. N. | Gay St Con, NW | 6,980 | 2020 | 0.05 mi |
| 1st Ave N | Church St, NW | 6,025 | 2016 | 0.09 mi |
| 3RD AVE. N. | Commerce St, NW | 7,138 | 2020 | 0.13 mi |
| 3rd Ave N | Commerce St, NW | 7,886 | 2022 | 0.13 mi |
| Deaderick St | Public Sq, W | 13,985 | 2022 | 0.20 mi |
| WOODLAND ST - CBD | Public Sq, W | 15,408 | 2019 | 0.20 mi |
| VIC MEM BRIDGE - CBD | James Robertson Pkwy, SW | 32,980 | 2019 | 0.28 mi |
| Main St | James Robertson Pkwy, SW | 28,694 | 2022 | 0.28 mi |
| Woodland St | S 1st St, NE | 13,239 | 2016 | 0.30 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
22,632 available
Situated in the heart of historic Nashville
Potential for rooftop patio
Surrounded by iconic Nashville sites, retailers, and restaurants