Shopping Strip

Starbucks & Mattress Firm

1674 Fort Campbell Blvd, Clarksville, TN 37042

Listing Price: $2,684,292

Cap Rate
6.50%
Gross SF
5,850
Rentable SF
5,850
Price/Gross SF
$458.85
Lot Size
0.90 acres
Year Built
2015

Investment Overview

100 PERCENT LEASED TWO-TENANT RETAIL ASSET WITH STRONG CREDIT TENANTS - EARLY EXTENSION * Corporate Guarantees from Starbucks and Mattress Firm * Early Option Exercised by Mattress Firm Extending the Lease for * Additional Six Years, a Testament to the Strength of the Location * Starbucks has 4.3 Years and Mattress Firm has 5.4 Years Remaining on the Lease * Busy Starbucks Location with a Drive-Thru Paying Low Rents * Landlord Responsible for Roof and Structure * Roof Warranty - 9.5 Years Remaining EXCELLENT LOCATION IN DENSE RETAIL CORRIDOR * Excellent Visibility and Access to 31,049 Vehicles Per Day on Fort Campbell Boulevard * Fort Campbell Boulevard is the Main Thoroughfare to Fort Campbell, Second Largest Military Base in U.S. with Approx. 230,259 Base Population * Subject Property is Located Approx. 5.8 Miles from Fort Campbell Base * Multiple Points of Ingress/Egress * Subject Property is Situated as an Out-Parcel to Walmart Supercenter * Located in Clarksville’s Primary Retail Corridor with Surrounding National Retailers - Bank of America, Wendy’s, Taco Bell, McDonald’s, Dunkin Donut, US Bank, Walgreens, Waffle House, Aldi, Popeye’s, etc. * Immediate Access to Highway 374 * Close to Several Schools - Kenwood High School (1,243 Students), Kenwood Middle School (1,052 Students), and New Providence Middle School (1,116 Students) * Located Approx. 4.5 Miles From Austin Peay State University (10,344 Students) CLARKSVILLE, TN #1 BEST PLACE TO LIVE * According to Money Magazine, Clarksville TN is #1 Best Place to Live Based on Affordability, Economic * Growth and Quality of Life in 2019 * Clarksville is Currently one of the Fastest-Growing Large Cities in Tennessee * Clarksville Future Job Growth Over the Next Ten Years is Predicted to be 36.8 percent

Investment Highlights

  • Early Option Exercised by Mattress Firm Extending the Lease for Additional Six Years, a Testament to the Strength of the Location
  • Excellent Location in Dense Retail Corridor and Access to 31,049 CPD on Fort Campbell Boulevard
  • Busy Starbucks with Drive-Thru has 4.3 Years and Mattress Firm has 5.4 Years Remaining on the Lease
  • Fort Campbell Boulevard is the Main Thoroughfare to Fort Campbell, Second Largest Military Base in U.S. with Approx. 230,259 Base Population. Subject Property is Located Approx. 5.8 Miles from Fort Campbell
  • Subject Property is Located Approx. 4.5 Miles from Austin Peay State University (10,344 Students)

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Listing Price: $2,684,292

Cap Rate
6.50%
Gross SF
5,850
Rentable SF
5,850
Price/Gross SF
$458.85
Lot Size
0.90 acres
Year Built
2015

Investment Highlights

  • Early Option Exercised by Mattress Firm Extending the Lease for Additional Six Years, a Testament to the Strength of the Location
  • Excellent Location in Dense Retail Corridor and Access to 31,049 CPD on Fort Campbell Boulevard
  • Busy Starbucks with Drive-Thru has 4.3 Years and Mattress Firm has 5.4 Years Remaining on the Lease
  • Fort Campbell Boulevard is the Main Thoroughfare to Fort Campbell, Second Largest Military Base in U.S. with Approx. 230,259 Base Population. Subject Property is Located Approx. 5.8 Miles from Fort Campbell
  • Subject Property is Located Approx. 4.5 Miles from Austin Peay State University (10,344 Students)

Investment Overview

100 PERCENT LEASED TWO-TENANT RETAIL ASSET WITH STRONG CREDIT TENANTS - EARLY EXTENSION * Corporate Guarantees from Starbucks and Mattress Firm * Early Option Exercised by Mattress Firm Extending the Lease for * Additional Six Years, a Testament to the Strength of the Location * Starbucks has 4.3 Years and Mattress Firm has 5.4 Years Remaining on the Lease * Busy Starbucks Location with a Drive-Thru Paying Low Rents * Landlord Responsible for Roof and Structure * Roof Warranty - 9.5 Years Remaining EXCELLENT LOCATION IN DENSE RETAIL CORRIDOR * Excellent Visibility and Access to 31,049 Vehicles Per Day on Fort Campbell Boulevard * Fort Campbell Boulevard is the Main Thoroughfare to Fort Campbell, Second Largest Military Base in U.S. with Approx. 230,259 Base Population * Subject Property is Located Approx. 5.8 Miles from Fort Campbell Base * Multiple Points of Ingress/Egress * Subject Property is Situated as an Out-Parcel to Walmart Supercenter * Located in Clarksville’s Primary Retail Corridor with Surrounding National Retailers - Bank of America, Wendy’s, Taco Bell, McDonald’s, Dunkin Donut, US Bank, Walgreens, Waffle House, Aldi, Popeye’s, etc. * Immediate Access to Highway 374 * Close to Several Schools - Kenwood High School (1,243 Students), Kenwood Middle School (1,052 Students), and New Providence Middle School (1,116 Students) * Located Approx. 4.5 Miles From Austin Peay State University (10,344 Students) CLARKSVILLE, TN #1 BEST PLACE TO LIVE * According to Money Magazine, Clarksville TN is #1 Best Place to Live Based on Affordability, Economic * Growth and Quality of Life in 2019 * Clarksville is Currently one of the Fastest-Growing Large Cities in Tennessee * Clarksville Future Job Growth Over the Next Ten Years is Predicted to be 36.8 percent

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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