2780 Wilma Rudolph BlvdClarksville, TN 37040

  • Retail properties
  • 97,367 SF
For Sale

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2780 Wilma Rudolph Blvd, Clarksville, Tennessee

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$136,286
-
-
$3,229,520
-
$1,651,600
$6,422,200
$8,073,800

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