For Sale
$1,000,000

907 Providence BlvdClarksville, TN 37042

Clarksville, TN Auto Shop - NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,200 square foot Maaco Auto Body shop in Clarksville, Tennessee. Located at 907 Providence Blvd, this property sits on a 0.92-acre lot and boasts a strong 10-year absolute triple-net (NNN) lease with a franchisee tenant. The lease commenced May 1, 2021, and has approximately 6.4 years remaining, with a 10-year renewal option. The current annual net operating income (NOI) is $65,000, representing a 6.50% cap rate. The asking price is $1,000,000 ($138.89/sq ft). Built in 1998, the property enjoys 100% occupancy. Rent increases by 8.50% every five years throughout the base term and the renewal option. This presents a stable, long-term investment with significant upside potential due to the built-in rent escalations. The property's location in Clarksville, TN, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, passively managed, automotive-related investment with a strong tenant and a secure lease. The property's strong financial performance and long-term lease make it an attractive addition to any investment portfolio.

Highlights

  • 7,200 SF Maaco Auto Body Shop on 0.92-acre lot in Clarksville, TN.
  • 10-Year Absolute NNN Lease with approximately 6.4 years remaining.
  • 8.5% rental increases every 5 years throughout the base term and renewal option.
  • One 10-year tenant renewal option.

Property Details for 907 Providence Blvd

Property type
Retail properties, Auto shops
Square Feet
7,200 SF
Year Built
1998
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.551807
Longitude
-87.3887435
907 Providence Blvd, Clarksville, Tennessee

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907 Providence Blvd
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