Papa John’s: James R. Morris

Papa John’s: Offering Memorandum 2 6 1 I N D I A N L A K E B O U L E VA R D , H E N D E RS O N V I LL E , T E N N ESS E E 3 7 0 7 5

James R. MorrisSenior Vice President

615 850 [email protected]

PAPA JOHN’S | HENDERSONVILLE TN : OFFERING MEMORANDUM : P. 2

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Colliers International. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or Colliers International, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment

or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Colliers International. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Colliers International.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Colliers International.

Confidentiality Agreement

PAPA JOHN’S | HENDERSONVILLE, TN : OFFERING MEMORANDUM : P. 3

Table of ContentsInvestment Overview ................................................................................................. 4

Investment Highlights | Property Overview .............................................................. 5

Site Plan ...................................................................................................................... 6

Property Location ....................................................................................................... 7

Market Aerial .............................................................................................................. 8

Financial Overview ..................................................................................................... 9

Hendersonville Retail Market Overview .................................................................... 10

Demographics ............................................................................................................. 12

Hendersonville & Sumner County .............................................................................. 13

Nashville Market Overview ........................................................................................ 14

PRIMARY CONTACT INFORMATION:

James R. MorrisSenior Vice President


Lee Ann JamesAssociate



INVESTMENT OVERVIEWPrice $1,100,000

Year One NOI $60,000

Cap Rate 5.45%

Term Date December 2028

Location 261 Indian Lake BoulevardHendersonville, TN 37075

GLA 1,700 SF

Total Acreage 0.71 AC

Year Built 2017

TRAFFIC COUNTS (2016)

Vietnam Veterans Boulevard 58,788 ADT

Indian Lake Boulevard 32,115 ADT

DEMOGRAPHICS 3 MILE 5 MILE 7 MILE

2018 Est. Population 39,367 78,143 136,967

2018 Est. Households 14,733 29,420 53,351

2018 Avg. Household Income $90,735 $100,451 $90,834

PAPA JOHN’SColliers International is the exclusive sale advisor for a Papa John’s single

tenant investment opportunity in Hendersonville, TN. The store opened in

2018 and has approximately nine years left on the initial term with significant

rental increases. Papa John’s is located on the corner of Indian Lake West – a

98,000 square foot recently developed shopping center located in the heart

of the Indian Lake Village premier retail corridor. Hendersonville is a prime

suburban city within the Nashville MSA that features a booming residential

community with high incomes and significant disposable income. The free-

standing building is only one year old and features high-end finishes and brick

exterior.


Property OverviewProperty Name Papa John’s

Street Location 261 Indian Lake BoulevardHendersonville, Sumner County, Tennessee 37075

Site Acreage 0.71 Acres

Zoning MXC Mixed Commercial

General Topography Flat

Access Roads Direct access to Indian Lake Boulevard and Saundersville Road

Flood Zone Outside the 500-year floodplane

Parking Spaces 12 Spaces

Year Built 2017

Structure Steel and masonry

Roof Flat parapet walls/seamed membrane

Foundation Type Poured concrete slab

Exterior Facade Brick and EIFS

Fire Sprinkler 100% sprinklered

INVESTMENT HIGHLIGHTS

• Strong Corporate Tenant

• Dominant Trade Area

• Recently Developed Property

• High-Income Demographics

• Booming Nashville Submarket

• Strategic Location

• High Traffic Counts


SITE PLAN


PROPERTY LOCATION

SITE


MARKET AERIAL

VIETNAM VETERANS BOULEVARD - 58,788 (ADT)

Anderson Lane North

Saundersville Road

MERCHANT POINTEMichaels, Marshalls, Five Below

INDI

AN L

AKE

BOUL

EVAR

D -

32,11

5 (A

DT)

SITETHE STREETS OF

INDIAN LAKERegal Cinemas, Barnes & Noble,

Bath & Body Works,Buffalo Wild Wings, Rack Room Shoes,Talbot’s, Red Robin


FINANCIAL OVERVIEW

Renewal Options

Option Date Years Per Square Foot Minimum Monthly Rent Minimum Annual Rent

Option 1 01/2028 - 12/2033 11-15 $42.84 $6,069.00 $72,828.00

Option 2 01/2034 - 12/2039 16-20 $43.70 $6,190.00 $74,285.00

Papa John’sCommencement Date: 01/2018

Expiration Date: 12/31/2027

GLA: 1,700 Square Feet

Lease Terms

Date Years Per Square Foot Minimum Monthly Rent Minimum Annual Rent

01/2018 - 12/2020 1-3 $35.29 $5,000.00 $60,000.00

01/2021 - 12/2023 4-6 $38.47 $5,450.00 $65,400.00

01/2024 - 12/2027 7-10 $42.00 $5,950.00 $71,400.00


HENDERSONVILLE RETAIL MARKET OVERVIEW

GLENBROOKTarget, Kroger, Ross,

Stein Mart, Kohls

MERCHANT POINTEMichaels, Marshalls, Five Below

Sam’s Club

Wal-Mart Supercenter

TriStar HendersonvilleMedical Center

The Home Depot

Lowe’s Home Improvement

MAPLE ROWKroger

Publix

ALDI

SITE

THE STREETS OF INDIAN LAKE

Regal Cinemas, Barnes & Noble,

Bath & Body Works,Buffalo Wild Wings, Rack Room Shoes,Talbot’s, Red Robin


HENDERSONVILLE RETAIL MARKET OVERVIEW

TRINITY MUSIC CITY

TRISTAR HENDERSONVILLE

The Hendersonville retail market can be broken down into three distinct trade

areas – the New Shackle Island corridor, Main Street, and Indian Lake Boulevard.

New Shackle Island Corridor: New Shackle Island Road is one of two major

thoroughfares that connects Hendersonville’s Main Street to Viet Nam Veterans

Bypass. The northern boundary of this trade area is anchored by the 500,000

plus square foot Glenbrook Shopping Center. This was the first super-regional

center developed in Hendersonville and features the area’s only Target along

with Kroger, Kohl’s, Staples, Petco, Home Goods, Ulta Beauty, and Stein Mart.

The Hendersonville Medical Center is also located on New Shackle Island Road.

This 159-bed hospital is the largest in Sumner County and serves patients from

several surrounding counties. Numerous medical tenants operate near the

hospital in both office and retail centers.

Main Street: Hendersonville’s original retail market is along Main Street which

is the city’s primary east/west thoroughfare. Most of the shopping centers

are older and now feature secondary uses with lower rents. However, several

centers have recently been redeveloped along Main Street which still has the

most grocery options available. Publix, Kroger, Aldi, and several privately-owned

grocery stores operate along Main Street. The majority of Hendersonville’s

residential density is south of Main Street on large peninsulas along Old Hickory

Lake.

Indian Lake Boulevard: Indian Lake Boulevard is a relatively new thoroughfare

that was created approximately a decade ago and connects Hendersonville’s

Main Street with the Viet Nam Vets Bypass. The highly-planned and regulated

corridor’s retail market was kicked off with a Wal-Mart Supercenter, Lowe’s,

Home Depot, and the 254,000 SF Street of Indian Lake project. New projects

have been continually developed and the corridor is finally reaching maturity

with limited sites left for new construction. Indian Lake is the largest retail

hub in Sumner County and pulls in customers from a substantial radius of

surrounding counties.


DEMOGRAPHICSPAPA JOHN’S | 261 INDIAN LAKE BOULEVARD | HENDERSONVILLE, TN

3 MILE RADIUS 5 MILE RADIUS 7 MILE RADIUS

2018 Estimated Population 39,367 78,143 136,976

2023 Projected Population 44,025 86,844 150,199

2010 Census Population 34,020 67,089 120,477

2000 Census Population 27,925 53,920 99,578

2018 Households 14,733 29,420 53,351

2023 Projected Households 15,710 31,410 57,316

2010 Census Households 13,317 26,034 47,659

2000 Census Households 11,000 20,510 38,783

2018 Average Household Income $90,735 $100,451 $90,834

2023 Average Household Income $103,209 $114,838 $101,976

2018 Median Household Income $69,275 $77,241 $72,123

2023 Median Household Income $79,512 $88,151 $82,439

Median Home Value (Owner-Occupied) $233,274 $252,172 $240,270

2017 Households by Income$200,000+ 6.4% 8.7% 7.2%

$150,000 - $199,999 7.3% 8.2% 7.3%

$125,000 - $149,999 5.8% 6.6% 5.8%

$100,000 - $124,999 8.8% 10.0% 9.2%

$75,000 - $99,999 15.1% 14.8% 14.6%

$50,000 - $74,999 20.0% 19.0% 19.1%

$35,000 - $49,999 13.7% 12.6% 12.8%

$25,000 - $34,999 9.5% 8.0% 8.8%

$15,000 - $24,999 7.8% 6.6% 7.9%

$10,000 - $14,999 2.6% 2.1% 3.0%

<$10,000 3.0% 3.3% 4.3%

Daytime DemographicsTotal Businesses 2,427 3,204 5,550

Total Employees 18,580 24,762 53,200


HENDERSONVILLE & SUMNER COUNTYINFR ASTRUCTUREAirNashville International Airport

• Full service international less than a half-hour drive

Sumner County Regional Airport

• 6,200’ Runway expansion in progress; located in Gallatin

Portland Municipal Airport

• 5,000’ Runway; located in Portland

RoadsSumner County offers direct access to the north-south corridor with Interstate 65 and the east-west corridors with Interstates 40 and 24. All three Interstates intersect within 20 miles of Sumner County. Improvements to the north-south corridor (Route 109) connecting I-40 and I-65 are in progress.

WaterThe Cumberland River forms the southern border of Sumner County and offers full river barge access to the Gulf of Mexico, via the Ohio, Tennessee and Mississippi Rivers.

SumnerTennesseeU.S.

103,2814,877,185

248,709,873

1990130,449

5,689,283281,421,906

160,6456,346,105

308,745,538

179,3446,697,239

323,209,391

2000 2010 2015

0 40 80

% Change 1990 - 201573.6%

37.3%30.0%

SumnerTennesseeU.S.

$513,000$37,508,350

$1,894,880,209

1992$948,923

$60,136,403$3,056,421,997

$1,300,149$77,547,291

$3,917,663,456

2002 2007

0 75 150

% Change 1992 - 2007153.4%

106.7%106.7%

SumnerTennesseeU.S.

$31,795$22,592$29,943

1990$46,695$34,096$41,990

$54,012$41,715$50,221

$69,631$53,468$61,189

2000 2010 2015

0 70

% Change 1990 - 2015

140

119.0%136.7%

104.4%

SumnerTennesseeU.S.

39,8072,026,067

102,263,678

199051,657

2,439,443115,900,464

65,9682,812,133

129,065,264

2000 201072,716

3,042,732139,606,264

2015

0 40 80

% Change 1990 - 201582.7%

50.2%36.5%

SumnerTennesseeU.S.

$73,900$58,400$79,100

1990$120,953

$88,285$111,833

$159,027$118,849$157,913

$181,552$139,621$185,967

2000 2010 2015

0 70

% Change 1990 - 2015

140

145.7%139.1%

135.1%

Population

Retail SalesMedian Household Income

Housing Units

Median Home Values

Source: United States Census Bureau, ESRI 2015 Estimates



Source: United States Census Bureau

Source: Tennessee Department of Labor and Workforce Development, ESRI 2015 Estimates

SumnerTennesseeU.S.

1990 200925

50

75

100

70.6%

84.9% 84.6%81.8%

67.1%75.2%

36%34%

58%51%

95%93%

51%49%

76%70%

90%86%

20 40 60 80 100

K-8 Math

K-8 Attendance

K-8 Reading & Writing

9-12 Math

9-12 Reading & Writing

Graduation Rate

Sumner Tennessee

Educational Attainment% High School Graduate or Higher

School System Indicators (2010)% Profi cient or Advanced


EDUC ATIONVolunteer State Community College

• 12,351 Students; located in Gallatin

Union University

• Over 100 Students; new 24,000 sq. foot facility; located in Hendersonville

Other Colleges in GreaterNashville Area

• 24 Four-Year Colleges and Universities;88,398 Students

• 7 Community Colleges;29,074 Students

• 14+ Career Colleges; 9,095 Students

TA X R ATE$2.02 per $100 assessed

WEATHERWinter Temps 46 / 27Spring Temps 61 / 38Summer Temps 89 / 67Fall Temps 72 / 47Annual Precipitation 51”Annual Snow Fall 12”Average Annual Humidity 64%

Sumner County’s growth rate is approximately twice that of Tennessee.

County residents’ income has sustained impressive continued increases since 1990.

The county’s growth rate in housing units far exceeds that of the state and nation.

Growth in county median home value has outpaced both the state and nation.

Retail sales have experienced explosive growth in Sumner County.

Fishing on Old Hickory Lake

Spacious Residential Environment

Volunteer State Community College

SumnerTennesseeU.S.

54,3402,387,400

125,840,000

199070,940

2,871,500142,583,000

81,9303,056,400

153,156,000

2000 2010

0 25 50

% Change 1990 - 201050.77%

28.02%21.71%

Labor Force

Source: Tennessee Department of Labor and Workforce Development

Sumner County’s workforce has expanded by more than 27,000 since 1990.

Corporate Offi ce Campus

Upscale RetailDevelopment

Sumner County Public Schools

• 46 Schools; 26,723 Students

INFR ASTRUCTUREAirNashville International Airport








SumnerTennesseeU.S.

103,2814,877,185

248,709,873

1990130,449

5,689,283281,421,906

160,6456,346,105

308,745,538

179,3446,697,239

323,209,391

2000 2010 2015

0 40 80

% Change 1990 - 201573.6%

37.3%30.0%

SumnerTennesseeU.S.

$513,000$37,508,350

$1,894,880,209

1992$948,923

$60,136,403$3,056,421,997

$1,300,149$77,547,291

$3,917,663,456

2002 2007

0 75 150

% Change 1992 - 2007153.4%

106.7%106.7%

SumnerTennesseeU.S.

$31,795$22,592$29,943

1990$46,695$34,096$41,990

$54,012$41,715$50,221

$69,631$53,468$61,189

2000 2010 2015

0 70

% Change 1990 - 2015

140

119.0%136.7%

104.4%

SumnerTennesseeU.S.

39,8072,026,067

102,263,678

199051,657

2,439,443115,900,464

65,9682,812,133

129,065,264

2000 201072,716

3,042,732139,606,264

2015

0 40 80

% Change 1990 - 201582.7%

50.2%36.5%

SumnerTennesseeU.S.

$73,900$58,400$79,100

1990$120,953

$88,285$111,833

$159,027$118,849$157,913

$181,552$139,621$185,967

2000 2010 2015

0 70

% Change 1990 - 2015

140

145.7%139.1%

135.1%

Population


Housing Units

Median Home Values






SumnerTennesseeU.S.

1990 200925

50

75

100

70.6%

84.9% 84.6%81.8%

67.1%75.2%

36%34%

58%51%

95%93%

51%49%

76%70%

90%86%

20 40 60 80 100

K-8 Math

K-8 Attendance


9-12 Math


Graduation Rate

Sumner Tennessee






Union University
















SumnerTennesseeU.S.

54,3402,387,400

125,840,000

199070,940

2,871,500142,583,000

81,9303,056,400

153,156,000

2000 2010

0 25 50

% Change 1990 - 201050.77%

28.02%21.71%

Labor Force















SumnerTennesseeU.S.

103,2814,877,185

248,709,873

1990130,449

5,689,283281,421,906

160,6456,346,105

308,745,538

179,3446,697,239

323,209,391

2000 2010 2015

0 40 80

% Change 1990 - 201573.6%

37.3%30.0%

SumnerTennesseeU.S.

$513,000$37,508,350

$1,894,880,209

1992$948,923

$60,136,403$3,056,421,997

$1,300,149$77,547,291

$3,917,663,456

2002 2007

0 75 150

% Change 1992 - 2007153.4%

106.7%106.7%

SumnerTennesseeU.S.

$31,795$22,592$29,943

1990$46,695$34,096$41,990

$54,012$41,715$50,221

$69,631$53,468$61,189

2000 2010 2015

0 70

% Change 1990 - 2015

140

119.0%136.7%

104.4%

SumnerTennesseeU.S.

39,8072,026,067

102,263,678

199051,657

2,439,443115,900,464

65,9682,812,133

129,065,264

2000 201072,716

3,042,732139,606,264

2015

0 40 80

% Change 1990 - 201582.7%

50.2%36.5%

SumnerTennesseeU.S.

$73,900$58,400$79,100

1990$120,953

$88,285$111,833

$159,027$118,849$157,913

$181,552$139,621$185,967

2000 2010 2015

0 70

% Change 1990 - 2015

140

145.7%139.1%

135.1%

Population


Housing Units

Median Home Values






SumnerTennesseeU.S.

1990 200925

50

75

100

70.6%

84.9% 84.6%81.8%

67.1%75.2%

36%34%

58%51%

95%93%

51%49%

76%70%

90%86%

20 40 60 80 100

K-8 Math

K-8 Attendance


9-12 Math


Graduation Rate

Sumner Tennessee






Union University
















SumnerTennesseeU.S.

54,3402,387,400

125,840,000

199070,940

2,871,500142,583,000

81,9303,056,400

153,156,000

2000 2010

0 25 50

% Change 1990 - 201050.77%

28.02%21.71%

Labor Force















SumnerTennesseeU.S.

103,2814,877,185

248,709,873

1990130,449

5,689,283281,421,906

160,6456,346,105

308,745,538

179,3446,697,239

323,209,391

2000 2010 2015

0 40 80

% Change 1990 - 201573.6%

37.3%30.0%

SumnerTennesseeU.S.

$513,000$37,508,350

$1,894,880,209

1992$948,923

$60,136,403$3,056,421,997

$1,300,149$77,547,291

$3,917,663,456

2002 2007

0 75 150

% Change 1992 - 2007153.4%

106.7%106.7%

SumnerTennesseeU.S.

$31,795$22,592$29,943

1990$46,695$34,096$41,990

$54,012$41,715$50,221

$69,631$53,468$61,189

2000 2010 2015

0 70

% Change 1990 - 2015

140

119.0%136.7%

104.4%

SumnerTennesseeU.S.

39,8072,026,067

102,263,678

199051,657

2,439,443115,900,464

65,9682,812,133

129,065,264

2000 201072,716

3,042,732139,606,264

2015

0 40 80

% Change 1990 - 201582.7%

50.2%36.5%

SumnerTennesseeU.S.

$73,900$58,400$79,100

1990$120,953

$88,285$111,833

$159,027$118,849$157,913

$181,552$139,621$185,967

2000 2010 2015

0 70

% Change 1990 - 2015

140

145.7%139.1%

135.1%

Population


Housing Units

Median Home Values






SumnerTennesseeU.S.

1990 200925

50

75

100

70.6%

84.9% 84.6%81.8%

67.1%75.2%

36%34%

58%51%

95%93%

51%49%

76%70%

90%86%

20 40 60 80 100

K-8 Math

K-8 Attendance


9-12 Math


Graduation Rate

Sumner Tennessee






Union University
















SumnerTennesseeU.S.

54,3402,387,400

125,840,000

199070,940

2,871,500142,583,000

81,9303,056,400

153,156,000

2000 2010

0 25 50

% Change 1990 - 201050.77%

28.02%21.71%

Labor Force







Hendersonville, located in Sumner County and part of the Nashville Metropolitan

Statistical Area, is one of the fastest growing communities in Tennessee and

is the state’s 10th largest city. Strategically located 15 miles northeast of

the center of downtown Nashville and 20 miles from Nashville’s International

Airport, the area supports a wide-range of retail interests as well as corporate

and industry. The City is currently experiencing unprecedented growth in retail

and office development, with over $1 billion in new development approved for

construction. More than 7,400 businesses are in the Hendersonville area and

retail sales where reported as exceeding $1.9 billion in 2015. With its 26-mile

shoreline along Old Hickory Lake, Hendersonville has become a prime location

for a live, work, and play environment. The area has seen significant residential

growth over the past decade with the population increasing from 51,372 in

2010 to over 58,787 and is expected to double in the next 10 years. The area

attracts a relatively young and highly educated population with substantial

expendable income.

2018 Population of Sumner County CitiesGallatinGoodlettsvilleHendersonvilleMillersvillePortlandWestmorelandWhite House

37,46717,641

58,4936,875

12,8752,35811,662


Nashville is the leading economic center of Tennessee and a

vital transportation, business and tourism center for North America. The Nashville MSA, in the state’s center, comprises 14 counties

with a total population just over 1.9 million, making it the largest metropolitan area in a five state region. When it comes to satisfying and exceeding business needs and expectations,

the Nashville region is a top location in America for relocating business, expanding business and start-up companies.

Nashville is consistently recognized for its pro-business environment, highly educated work force, and compelling demographics. Its energetic and growing economy and environment for doing business is encouraging corporate relocations

and expansions. HCA, Bridgestone, Dollar General, CVS/Caremark, Jackson National Life, Healthways, Clarcor, Louisiana Pacific, Caterpillar Financial, Tractor Supply, and Nissan are just a few of the national and international headquarters that have chosen Nashville as a location. This environment has also earned Nashville a top position in national accolades including positions on Forbes magazine’s “Best Cities for Business & Careers” and “Best Cities for Jobs.”

Commonly known as “Music City”, Nashville is the center of the U.S. country music scene and is home to numerous artists, recording studios, and record labels, making it the largest music production center and the number one music scene in the U.S. outside of New York City. With a growing population of approximately 1.6 million people, Nashville is one of the fastest rising metropolitan areas in the country. As the city grows, its diverse workforce, unique community and Southern hospitality make Nashville a perfect location for both business ventures and residents.


GEOGRAPHY - NASHVILLE ECONOMIC MARKETThe Nashville Economic Market consist of ten counties holding a population of more than 1.9 million. Counties included in the Nashville Economic Market are Cheatham, Davidson,

Dickson, Maury, Montgomery, Robertson, Rutherford, Sumner, Williamson, and Wilson with the city of Nashville being located in Davidson County. Many corporate headquarter

giants call the Nashville area home, including Nissan North America, Bridgestone Americas, Dollar General, Hospital Corporation of America, and Gibson Guitar. 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 comptetitve edge

in technology and innovation.

Montgomery RobertsonSumner

Wilson

Rutherford

Davidson

Cheatham

Dickson

Williamson

Maury

“Vanderbilt, Belmont, and Lipscomb universities

ranked MBA programs”

Bloomberg Business

“No. 5 MSA for growth

Brookings Institution, February 2016

The Nashville region is home to 11 Fortune 1000 companies, including six Fortune 500 headquarters.

Fortune 2015

147,800 people in the Nashville MSA have a graduate or professional degree.

U.S. Census Bureau 2015

“No. 1 city creating the most white-collar jobs”

Forbes, July 2016


DEMOGRAPHIC CHARACTERISTICS

> Nashville MSA Total Population: 1,830,290

> The Nashville Regions gained 71 net new people per day on average in 2015.

> Population projections predict that more than 2.5 million will live in the Nashville area by 2040.

> With the rapid influx of residents, Nashville has been a top 10 metro for population growth for the past four years. 15%

Caucasian

African American

Hispanic / Latino

Other / two or more races

Asian

2%5%7%

78%

Race & ethnicity

Source: U.S. Census Bureau 2015

1,593,0501,620,403

1,645,638

1,757,424

1,792,468

1,830,298

2010 2011 2012 2013 2014 2015

2,000,000

1,800,000

1,600,000

1,500,000+1.72%

14.17% population increase since 2010.

+1.56%

+6.79%

+1.99%

+2.11%


LABOR FORCE CHARACTERISTICSMiddle Tennessee is a magnet for talent, young graduates and the types of workers new, 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 More than 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 33 percent of

adults in the Nashville region have a bachelor’s degree or higher, and more than 140,000 people have graduate or professional degrees.

LABOR FORCE BY SECTOR

18.0%

23.1%

9.1%

26.9%

7.4%

Management and professional services

Service industry

Health care

Construction, extraction, maintenance and repair

Production, transportation and material moving 15.5%Source: EMSI, 2016

Total population

1,830,298

Total labor force

934,340

Labor

participation rate

66%

Colliers International615 3rd Avenue South, Suite 500, Nashville, TN 37210

MAIN 615 850 2700 FAX 615 244 2957colliers.com

Papa John’s: James R. Morris

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