Newk’s Eatery

Newk’s Eatery

4550 Harding Pike,
Nashville, TN 37205

 

Lease Management

Lease Abstracting
Financial Reports
Tax & Operating Expenses

 

Location Analysis

Labor Market Analysis
Transportation Costs
Utility Costs & Availability
Quality of Life
Taxation
Market Accessibility

 

Negotiations

Proposals
Lease Contracts
Dispositions
Acquisition Contracts
Sale/Leasebacks

Accomplishments

Challenges

Cool Springs has a tremendous amount of restaurants and so the need to differentiate the restaurant location and locate at an “A Site” with a great traffic count was a necessity.Newk’s requires a site that is located on the main road at the end cap of a building with an opportunity of a patio.There was no vacancy in the Cool Springs market during the 6-8 months of our search that met Newk’s site criteria.

The Solution

Because of C&A being an exclusive tenant representation firm, Landlords are typically willing to share more information with us because we are not competing with them to attract tenants for listings.Because there are a lot of restaurants in the Cool Springs market, C&A contacted all of the Landlords that would potentially have locations that would suit Newk’s needs to let them know that we were interested in the market.C&A performed an analysis of all the national restaurants that were having financial troubles with locations in Cool Springs and talked to the appropriate real estate directors of the corporations.

The Result

Newk’s ultimately ended up leasing the former Atlanta Bread Company space which is almost their identical prototypical square footage.The location fit all of Newk’s site criteria and today has excellent visibility on Cool Springs Blvd.The restaurant continues to be a top 20% restaurant in the entire Newk’s chain.

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Newks Eatery has thoroughly enjoyed the quality service we have received from Cherry & Associates. They listened to our needs and provided us locations that align well with our growth. The group is very knowledgeable and we are confident in the advice we have received from them. We appreciate the consistent, professional work Cherry & Associates delivers and look forward to continuing to work with them in the future.

Phillip O’Reilly | Owner
Newk’s Eatery

WHAT OUR CLIENTS ARE SAYING

The group is very knowledgeable and we are confident in the advice we have received from them. We appreciate the consistent, professional work Cherry & Associates delivers and look forward to continuing to work with them in the future.

Phillip O’Reilly | Owner
Newk’s Eatery

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The group is very knowledgeable and we are confident in the advice we have received from them. We appreciate the consistent, professional work Cherry & Associates delivers and look forward to continuing to work with them in the future.

Phillip O’Reilly | Owner
Newk’s Eatery

Read More