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2239 Madison St, Clarksville, TN, 37043

Ruby Tuesday
$1,823,169

Key Information

Cap Rate
6.75%
$ per SF
$331
Tot. SF
5,500
Lot Size
1.43 Acres
Year Built
2003
Type
Retail
NOI
$123,063

Highlights

  • Below Market Rent | Prime Position Across from Walmart | Outparcel Location at Signalized Intersection – Current rent is equal to $22.38 Per SF. Positioned at the intersection of Madison St & MLK Jr Pkwy with a combined 50,210 vehicles per day (VPD), offering immense visibility & access; prime outparcel location on a signalized corner across from Walmart, benefiting from strong daily consumer traffic.
  • Booming Population Growth in One of TN’s Fastest Growing Counties | Nashville MSA – Located in Middle Tennessee, one of the most desirable & exponentially growing areas in the Nashville MSA with strong long-term real estate fundamentals.
  • Montgomery County 5-Year Population Growth: 14.6%
  • Montgomery Average Household Income: $78,956
  • Surrounded by Major National Retailers – including Walmart, Lowe’s, Publix, Marshalls, Chick-fil-A, Chipotle, Taco Bell, & more, driving consistent consumer activity & foot traffic.
  • College Town | Austin Peay State University – located in Clarksville, TN and home to over 11,185 students with notable growth in the Business school & strong military-affiliated enrollment at the Fort Campbell Center.
  • Nearby Fort Campbell Army Base – one of the largest military bases in the Continental United States. Fort Campbell is home to over 240,000 active military & family members, including the 101st Airborne Division.
  • Long-Term Absolute NNN Lease – Fourteen (14) years remaining in the initial term with an investor friendly lease structure.
  • Attractive Future Uses Due to the Large Building & Lot Size – an existing 5,500 SF building positioned on over 1.43 acres creates future flexibility & various future uses for investors.
  • Part of a Larger Portfolio of Ruby Tuesday Assets | Available Individually or as a Package

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667, 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203