2780 Wilma Rudolph BlvdClarksville, TN 37040

Property Details for 2780 Wilma Rudolph Blvd

Year built

1992

Construction

FRAME

Lot size

10.56 AC

Property size (Sq ft)

97,367 SF

Zone code

C-5

Property type

Outlet malls

APN

032 11202 000

APU

3211202000

Description

This exceptional investment opportunity presents a 100,252 square foot At Home storefront located at 2780 Wilma Rudolph Blvd, Clarksville, TN 37040. Situated on a 10.56-acre lot in the Austin Square Shopping Center, this property benefits from its prime location off Interstate 24 (69,500 vehicles per day), offering excellent visibility and accessibility. The property is held in fee simple ownership (land and building), providing complete ownership control. The absolute NNN lease with At Home commenced July 3, 2018, and expires July 31, 2034, offering a remaining lease term of approximately 9.7 years. The lease includes four 5-year renewal options, and features annual rent bumps of 2%. This investment is further enhanced by the absence of state income tax in Tennessee and the strong demographics within the 5-mile trade area. The property's parcel number is 032 11202 000. This is a truly passive investment opportunity with zero landlord responsibilities, offering a secure and profitable return for years to come. The property is located near Governor's Square Mall and Hampton Plaza (232,000 square feet), further solidifying its position within a primary retail corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $24,725,916

  6.5%

  $22,823,922

  7%

  $21,193,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,121,006

  Geo Method

  $21,121,006

• Alternative Use

  Use

  Valuation

  Residential

  $19,252,832

  Hospitality

  $17,635,490

  Educational

  $14,672,521

  Medical

  $15,177,132

  Retail

  $22,823,922

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5857

Longitude

-87.2984

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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