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New Shopping Center Located in Major Retail Corrodor

$2,160,000

1839 Madison Street, Clarksville, TN 37043

Active
Last Updated: 08/18/2022

6.7

Cap Rate

4.71

Pro Forma Cap Rate

Details:
Cap Rate:    6.7%
Pro Forma Cap Rate :    4.71%
Cash-on-Cash:    4.71%
NOI:    $144,790
Building Size:    8,100 sqft
Lot Area:    0.95 sqft
Class:    A
Occupancy:    100%
Lease Type:    Triple Net
Zoning:    Commercial Retail
Year Built:    2014
Tenancy:    Multiple
Price Per Sqft:    $266.67
Parking Spots:    41
Year Last Renovated:    New
Gross Leaseable Area:    8,100
Construction Status:    Complete
Parking Ratio:    51000
Roof:    20 yr Warranty
HVAC:    Individual Tenant
Floor:    1
CeilingHeight:    12
Investment Strategy:    Opportunistic
Highlights:
  • Located in the 19th Fastest Growing City in the United States.
  • Tennessee's Top Growth Market.
  • Multiple Nationally Accredited Tenants
  • Extremely High Traffic Counts.
  • New Construction with High-End Design
  • Tremendous Visability
Description:

This shopping center is fully leased with nationally accredited tenants; such as Coldstone Creamery and Firehouse Subs. All leases are Triple Net. The building construction was completed in 2014, and benefits from high traffic counts of nearly 20,000 vehicles per day.

Clarksville is located 45 miles north of Nashville, and is the 19th fastest growing city in the US. Located on Interstate 24, the city has seen major economic growth and prosperity along with population growth. It is currently the 5th largest city in the state. The major employers in the area include; Handcook Tires, Trane, Tennova Healthcare, and Atlas BX.

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Treadway_ES.pdf
Treadway_OM.pdf
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