Elizabeth Jewell Gatlin, Owner & Broker, signed the deal last Friday with partner agent, VP of Brokerage, Ross Welch.
We were thrilled to procure Cinco De Mayo for the building and love that they will become a permanent part of the neighborhood for years to come. We hammered out the majority of the details for the lease in their Cummins Station location with the Tenant and Landlords over margaritas. The Landlords are putting in a lot of work to improve the building before their opening and have taken risks to make a big investment in their community.
Do you want to maximize the returns of your Commercial Real Estate Investments in Nashville while “Building A Beautiful South”? Contact our team and we will get you margaritas and the best of the best!
This deal took a lot of love and work. Restaurants have a 50% failure rate, and we were concerned that though many of the potential tenants considered for the space had great concepts, they didn’t have the needed systems, management, resources, or financials to ensure their success. One local group even lied about their investment capital, wasted four months of our time, and tried to weasel their way into signing a lease without a licensed GC or Architect. Their design was based off of the wife’s “artistic aesthetic”, having basically grown up in a bar.
We liked Cinco De Mayo for the property because it is independently owned by a local, who has a strong proven track record. The longer term lease means no more turn over in this beautiful building, giving it a fresh start to become something new and revived. The side patio is also going to be opened up into an inviting, vibrant outdoor space, and this location will have TWO margarita machines. #Success!
We have helped multiple Property Owners, Investors, and Restaurants succeed in Nashville’s hot market and love creating value in our local economies. Contact our team today to help with your Commercial Real Estate needs.
Thanks to Jessica To’oto’o and Victor Garcia for their chips and salsa themed photos!
