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Multifamily

109 Living

6800 Franklin Rd, Lebanon, TN 37090

Listing Price: $39,500,000

Number of Units
219
GRM
11.38
Price/Unit
$180,365

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 109 Living, a luxury residential community located just minutes east of Nashville in Lebanon, TN.
109 Living provides investors with a unique opportunity to continue this in-process development and capitalize on the meteoric population and economic growth in Middle Tennessee.
Currently, there are 65 completed luxury prefabricated duplexes housing 130 one-bedroom units along with 3 detached two-bedroom units for a total of 133 units. Additionally, there are 41 pads, or traditional concrete foundations, with electrical and water/sewer on new asphalt roads with curbs.
Lebanon (pop. 48,600) continues to benefit greatly from its proximity to Nashville, boasting 26% growth since the 2020 census.
Located on Interstate 40, Lebanon sits within the metropolitan area that was recently named “Hottest City” for business expansion and relocation by Expansion Management Magazine. Lebanon is located only minutes from the Nashville International Airport, downtown Nashville, Bridgestone Arena – home to the Nashville Predators, Nissan Stadium – home to the Titans and the Grand Ole Opry. Lebanon is close to the heart of music city and several country music stars and song writers call Lebanon home.
Lebanon is the county seat and largest city in Wilson County and the hottest economic area in the country.
Lebanon’s strategic location is unrivaled. Its central location is also within one day trucking distance to 75% of the United States markets. It sits at the heart of the Nashville Tennessee transportation service area. Lebanon offers direct east and west service through Interstate 40, which connects Memphis to the west and Knoxville to the east. Lebanon is within 650 miles of 50% of the United States population.
The City of Lebanon has leveraged its strategic location and natural assets to become a regional hub for commerce and trade. Today, Lebanon is home to businesses, ranging from family-owned retail shops and restaurants to globally-recognized manufacturers, distributors and retailers.
Lebanon thrives with its railway access and three Music City Star Stations that provide commuter service to and from Nashville. The Nashville and Eastern Railroad Authority also provides rail service for industrial customers throughout the City of Lebanon. The City is also served by Amtrak and its own thriving executive airport.
Lebanon offers business owners and entrepreneurs a host of desirable amenities in addition to its unparalleled location, including the mild weather, considerable open space and opportunities for outdoor recreation, an historic downtown, a thriving Main Streets Program, community events and public safety agencies recognized for excellence.
Lebanon is home to multiple institutions of higher education, including Cumberland University and Tennessee College of Applied Technology, which collectively serve nearly 4,000 students from all over the world.

Investment Highlights

  • Opportunity to acquire and continue development in the highly sought after Nashville MSA
  • Offered below replacement costs
  • Located in one of the fastest growing areas in the country

Exclusively Listed By

Financing By

Multifamily

109 Living

Listing Price: $39,500,000

Number of Units
219
GRM
11.38
Price/Unit
$180,365

Investment Highlights

  • Opportunity to acquire and continue development in the highly sought after Nashville MSA
  • Offered below replacement costs
  • Located in one of the fastest growing areas in the country

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 109 Living, a luxury residential community located just minutes east of Nashville in Lebanon, TN. 109 Living provides investors with a unique opportunity to continue this in-process development and capitalize on the meteoric population and economic growth in Middle Tennessee. Currently, there are 65 completed luxury prefabricated duplexes housing 130 one-bedroom units along with 3 detached two-bedroom units for a total of 133 units. Additionally, there are 41 pads, or traditional concrete foundations, with electrical and water/sewer on new asphalt roads with curbs. Lebanon (pop. 48,600) continues to benefit greatly from its proximity to Nashville, boasting 26% growth since the 2020 census. Located on Interstate 40, Lebanon sits within the metropolitan area that was recently named “Hottest City” for business expansion and relocation by Expansion Management Magazine. Lebanon is located only minutes from the Nashville International Airport, downtown Nashville, Bridgestone Arena – home to the Nashville Predators, Nissan Stadium – home to the Titans and the Grand Ole Opry. Lebanon is close to the heart of music city and several country music stars and song writers call Lebanon home. Lebanon is the county seat and largest city in Wilson County and the hottest economic area in the country. Lebanon’s strategic location is unrivaled. Its central location is also within one day trucking distance to 75% of the United States markets. It sits at the heart of the Nashville Tennessee transportation service area. Lebanon offers direct east and west service through Interstate 40, which connects Memphis to the west and Knoxville to the east. Lebanon is within 650 miles of 50% of the United States population. The City of Lebanon has leveraged its strategic location and natural assets to become a regional hub for commerce and trade. Today, Lebanon is home to businesses, ranging from family-owned retail shops and restaurants to globally-recognized manufacturers, distributors and retailers. Lebanon thrives with its railway access and three Music City Star Stations that provide commuter service to and from Nashville. The Nashville and Eastern Railroad Authority also provides rail service for industrial customers throughout the City of Lebanon. The City is also served by Amtrak and its own thriving executive airport. Lebanon offers business owners and entrepreneurs a host of desirable amenities in addition to its unparalleled location, including the mild weather, considerable open space and opportunities for outdoor recreation, an historic downtown, a thriving Main Streets Program, community events and public safety agencies recognized for excellence. Lebanon is home to multiple institutions of higher education, including Cumberland University and Tennessee College of Applied Technology, which collectively serve nearly 4,000 students from all over the world.

Exclusively Listed By

Financing By

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