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Miscellaneous

Tylertown Church

1200 Winterset Dr, Clarksville, TN 37040

Listing Price: $2,800,000

Cap Rate
5.00%
Tenant Name
Tylertown Church & Learning Center
Guarantor
General Partnership
Rentable SF
9,840
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.23

Investment Overview

Marcus & Millichap is pleased to present for sale this Church and Learning Center located at 1200 Winterset Drive Clarksville, TN. Clarksville is located just north of Nashville with a total population of approximately 153,000. The property consists of a 2.11-acre parcel improved with an approximately 9,840-square foot building. The building is 100% occupied. This property will have a brand new, 5-year lease in place with an experienced church and learning center. The congregation currently consists of a wide mixture of families with varying soci-economic backgrounds and income levels. Annual base rent is set at $140,000. There are two, five-year renewal options with ten percent rental increases during the option periods. This unique investment opportunity sits on a corner parcel surrounded by newly constructed homes, subdivisions and apartment complexes. The area has seen significant growth over the last 12-18 months. Fort Campbell Army Base, Hankook Tires, Google, and LG Electronics each have facilities in the Clarksville area. In addition, the property has convenient access to Interstate 24 with over 54,000 vehicles per day.

Investment Highlights

  • New NNN Lease, 5 Year With Two Five-Year Options
  • High Growth Area On A Corner Parcel
  • New Construction

Exclusively Listed By

Miscellaneous

Tylertown Church

Listing Price: $2,800,000

Cap Rate
5.00%
Tenant Name
Tylertown Church & Learning Center
Guarantor
General Partnership
Rentable SF
9,840
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.23

Investment Highlights

  • New NNN Lease, 5 Year With Two Five-Year Options
  • High Growth Area On A Corner Parcel
  • New Construction

Investment Overview

Marcus & Millichap is pleased to present for sale this Church and Learning Center located at 1200 Winterset Drive Clarksville, TN. Clarksville is located just north of Nashville with a total population of approximately 153,000. The property consists of a 2.11-acre parcel improved with an approximately 9,840-square foot building. The building is 100% occupied. This property will have a brand new, 5-year lease in place with an experienced church and learning center. The congregation currently consists of a wide mixture of families with varying soci-economic backgrounds and income levels. Annual base rent is set at $140,000. There are two, five-year renewal options with ten percent rental increases during the option periods. This unique investment opportunity sits on a corner parcel surrounded by newly constructed homes, subdivisions and apartment complexes. The area has seen significant growth over the last 12-18 months. Fort Campbell Army Base, Hankook Tires, Google, and LG Electronics each have facilities in the Clarksville area. In addition, the property has convenient access to Interstate 24 with over 54,000 vehicles per day.

Exclusively Listed By

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