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Office

102 Country Ln

102 Country Ln, Clarksville, TN 37043

Listing Price: $1,920,000

Cap Rate
5.00%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$384.00
Lot Size
1.06 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present 102 Country Lane, a 5,000 sf single-tenant medical office building with a national credit tenant that has over 400+ stores throughout the US. The building was built in 2001 and completely renovated in 2018. The structure is a metal frame with a masonry exterior and metal roof. This is a single tenant net leased office deal. The tenant is a national credit veterinary chain with over 400 stores nationally. Clarksville (208,993) is 45 miles from Nashville and is home to Fort Campbell and Austin Peay University. It has garnered numerous recognitions and rankings, including #1 best place to live by Money Magazine.

Investment Highlights

  • The core tenant has 9.5 years left on their current lease with two 5 year extension options
  • The lease has 3% rent increases applied yearly
  • The property was completely renovated in 2018 with new HVAC, wiring, and piping also being added
  • The building is a metal frame with a masonry exterior so very few maintenance costs. The owner is only responsible for the upkeep of the walls. All other costs are covered by the tenant.

Exclusively Listed By

Listing Price: $1,920,000

Cap Rate
5.00%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$384.00
Lot Size
1.06 acres
Year Built
2001

Investment Highlights

  • The core tenant has 9.5 years left on their current lease with two 5 year extension options
  • The lease has 3% rent increases applied yearly
  • The property was completely renovated in 2018 with new HVAC, wiring, and piping also being added
  • The building is a metal frame with a masonry exterior so very few maintenance costs. The owner is only responsible for the upkeep of the walls. All other costs are covered by the tenant.

Investment Overview

Marcus & Millichap is pleased to present 102 Country Lane, a 5,000 sf single-tenant medical office building with a national credit tenant that has over 400+ stores throughout the US. The building was built in 2001 and completely renovated in 2018. The structure is a metal frame with a masonry exterior and metal roof. This is a single tenant net leased office deal. The tenant is a national credit veterinary chain with over 400 stores nationally. Clarksville (208,993) is 45 miles from Nashville and is home to Fort Campbell and Austin Peay University. It has garnered numerous recognitions and rankings, including #1 best place to live by Money Magazine.

Exclusively Listed By

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