3407 Clarksville Pike

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1 NATIONAL MULTI HOUSING GROUP 3407 Clarksville Pike Offering Memorandum 3407 Clarksville Pike Nashville, TN I NVESTMENT ADVI SOR PAT COSGROVE D C pat.cosgrove@marcusmillichap.com

E XC L U S I V E LY L I S T E D BY INVESTMENT ADVISOR PAT COSGR OV E D +1 615-997-2853 C +1 615-973-5373 pat.cosgrove@marcusmillichap.

3 E XC L U S I V E LY L I S T E D BY INVESTMENT ADVISOR PAT COSGR OV E D C pat.cosgrove@marcusmillichap.com 3407 Clarksville Pike The Marcus & Millichap Multifamily Advisory Group is pleased to present the exclusive investment offering of the 7-Unit 3407 Clarksville Pike property. This exclusive offering will allow for a potential investor to own a newly renovated, mixed-use building, just 4.7 miles from Downtown Nashville Price Cap Rate $715, % Address County Site Size Year Built Year Renovated Residential Units Commercial Units Net Residential Area 3407 Clarksville Pike Nashville, TN Davidson 0.47 Acres / SF 3407 CLARKSVILLE PIKE

4 F I N A NCIAL A N A LYSIS

8 P R O P E RTY LO C AT ED I N N A S H V I L L E, T N

S U B JIEN CV T E SP TR MO PE EN RT THY I GL OH CL AT I G HE D T SI N D A V I D S O N C O U N T Y Davidson County, TN is the 2nd most populated county in Tennessee and borders Cheatham County,

9 S U B JIEN CV T E SP TR MO PE EN RT THY I GL OH CL AT I G HE D T SI N D A V I D S O N C O U N T Y Davidson County, TN is the 2nd most populated county in Tennessee and borders Cheatham County, Robertson County, Rutherford County, Sumner County, Williamson County, and Wilson County. The largest universities in Davidson County are Vanderbilt University with 4,486 graduates, Belmont University with 1,846 graduates, and Nashville State Community College with 1,573 graduates. (Datausa.io)

I N V E S T M E N T H I G H L I G H T S 3 1 M I L ES F R O M D O W N TOW N N A S H V I L L E 1 2 3 T H R IV ING Q U A L I T Y O F L I F E #7 on Forbes list of Top 25 F a s t e s t - G r o w i n g C i

"The goal of Forbes annual list of America s fastest-growing cities is to give a holistic picture of places on the upswing.

10 I N V E S T M E N T H I G H L I G H T S 3 1 M I L ES F R O M D O W N TOW N N A S H V I L L E T H R IV ING Q U A L I T Y O F L I F E #7 on Forbes list of Top 25 F a s t e s t - G r o w i n g C i t i e s o f Nashville has jumped significantly from #20 to #7 on the 2017 list. "The goal of Forbes annual list of America s fastest-growing cities is to give a holistic picture of places on the upswing. That means looking not just at job, population or output growth individually, but considering how these important measures and others come together. It means looking back to see which cities grew the most in 2017 and forward to project which cities will make strides in 2018," says Forbes. O U T S TA N D I N G B U S I N E S S D E V E L O P M E N T Nashville Named Major Market of the Year for 2017 Southern Business & Development Magazine (SB&D) ranks states and peer group markets based on the capture of projects announced in the South meeting or exceeding 200 jobs and/or $30 million in investment. The SB&D 100 (the 24th annual) ranks each state and market through points earned based on the capital investment, jobs and the size of each project captured. Nashville earned "Major Market of the Year" for 2017 for its performance in calendar year 2016 with 165 points. The second highest ranking metro received 105 points. S T R O NG P O P U L AT ION G R OWTH 13.5% POPULATION GROWTH F R O M T O Nashville MSA population has grown from 1,675,972 in 2010 to 1,903,045 in Davidson County population has grown from 628,131 in 2010 to 691,243 in 2017.

MADISON CREST APARTMENTS NASHVILLE OVERVIEW NASHVILLE OVERVIEW Known as the epicenter of county music, the Nashville metro

Robertson, Cannon, Rutherford, Hickman, Trousdale, Maury and Wilson.

residents. The metro is located in the north-central portion of the state of Tennessee in what is known as the Central Basin.

life. The metro has a strong multimodal infrastructure network linking the metro to markets around the world.

provides many local jobs and supports a large hospitality sector.

11 MADISON CREST APARTMENTS NASHVILLE OVERVIEW NASHVILLE OVERVIEW Known as the epicenter of county music, the Nashville metro contains a population of nearly 2 million within 14 counties: Davidson, Smith, Macon, Williamson, Cheatham, Sumner, Dickson, Robertson, Cannon, Rutherford, Hickman, Trousdale, Maury and Wilson. Davidson is the most populous county with 702,900 people and is home to Nashville, the capital city, which has 674,400 residents. The metro is located in the north-central portion of the state of Tennessee in what is known as the Central Basin. The Cumberland River, which snakes through the region, adds to the local economic base and enhances Nashville s quality of life. The metro has a strong multimodal infrastructure network linking the metro to markets around the world. METRO HIGHLIGHTS MUSIC INDUSTRY CAPITAL The metro is well known as a central location for the country music industry, which provides many local jobs and supports a large hospitality sector. DIVERSIFYING ECONOMY Other major industries in the metro include healthcare, government, automotive manufacturing, publishing, insurance and finance. ROBUST POPULATION GROWTH The population will increase at a faster pace than the nation over the next five years. 1

12 NASHVILLE SPORTS & LEISURE AUSTIN PEAY UNIVERSITY

13 PROFESSIONAL SPORTS TEAMS

HIGHER EDUCATION TALENT POOL AUSTIN PEAY UNIVERSITY Vanderbilt, Belmont, and Lipscomb universities offer top ranked MBA programs Bloomberg Business, 2018 Middle Tennessee is a magnet for talent,

14 HIGHER EDUCATION TALENT POOL AUSTIN PEAY UNIVERSITY Vanderbilt, Belmont, and Lipscomb universities offer top ranked MBA programs Bloomberg Business, 2018 Middle Tennessee is a magnet for talent, young graduates and the types of workers new and growing industries seek. Considered a national hub for the creative class, the Nashville region s educated workforce not only provides an abundant talent pool for companies, but also bolsters the region s vibrancy, artistic and musical essence, and competitive edge in technology and innovation. While our region supports many innovative and aggressive local programs to recruit workers to the region, many of Nashville's most valuable workers come from the area's own vast educational system, with its 24 accredited four-year, two-year, tech schools and postgraduate institutions. Nearly 123,000 students are enrolled in higher education in the Nashville area, the largest concentration in a four-state region. We retain 60 percent of these graduates annually in our region. More than 34 percent of residents over age 25 have a bachelor s degree or higher, and more than 150,000 residents have graduate or professional degrees. 123,000 students attend the area s colleges and universities. 60% of college graduates remain in the region.

15 NATIONAL MULTI HOUSING GROUP 3407 Clarksville Pike Offering Memorandum 3407 Clarksville Pike Nashville, TN I NVESTMENT ADVI SOR PAT COSGROVE D C pat.cosgrove@marcusmillichap.com

$15.74 PER HOUR STATE HOUSING

$15.74 PER HOUR STATE HOUSING TENNESSEE STATE #37 * RANKING In Tennessee, the Fair Market Rent () for a two-bedroom apartment is $819. In order this level of and utilities without paying more than 30% of income on housing a household