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Shopping Strip

Walmart Shadow Center

2323 Madison Street, Clarksville, TN 37043

Listing Price: $11,190,000

Cap Rate
7.00%
Gross SF
55,000
Rentable SF
55,000
Price/Gross SF
$203.45
Lot Size
11.20 acres
Year Built
2002

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 55,000 SF Walmart Supercenter shadow anchored retail center located in Clarksville, TN • The property is 100% leased and includes national brands such as Dollar Tree, Shoe Show, CATO, Sally Beauty, & more • This center is shadow anchored by a high-performing Walmart since 2003 | Walmart owns the Walmart • Stable Tenant History | Average Tenant Tenure: 15.52 Years • This shopping center sees 2.7M visits per year STRATEGIC LOCATION | REGIONAL TRADE AREA • Situated at the high traffic intersection of Madison Street and Hwy 76 (41,190 Combined VPD) • This center is the #1 most visited retail shopping center in a 30-Mile Trade Area • This location pulls f rom a 40+ mile trade area AFFLUENT & RAPIDLY GROWING DEMOS • 5-Mile Population: 61,596 • 5-Mile Avg. Household Income: $86,123 • 5-Mile Projected Growth: 10.05% CLARKSVILLE, TN • Clarksville is a city 50 miles north of Nashville and is the county seat of Montgomery County, Tennessee • It is the 5th largest city in the state behind Nashville, Memphis, Knoxville, and Chattanooga & the principle central city of the Clarkesville, TN-KY MSA • Clarksville is the home of Austin Peay State University; The Leaf- Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army post • Site of the 101st Airborne Division (Air Assault), Fort Campbell is located 10 miles f rom downtown Clarksville, and spans the Tennessee-Kentucky state line. • Along with being one of Tennessee’s largest cities, its bolstering economy is home to many major corporations & employers which include Amazon Distribution Center, Trane, SPX Corporation, Google, Bridgestone, LG, and many more TRADE AREA DEMOGRAPHICS • Population: 165,460 • Household Income: $86,123

Investment Highlights

  • High Volume Walmart Supercenter
  • Stable Tenant History AVG. Tenure 15+ Years
  • #1 Most Visited Retail Center In Trade Area
  • Affluent & Growing Demos
  • High Traffic Corridor 41,190 VPD
  • Clarksville | 5th Largest City In Tennessee

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $11,190,000

Cap Rate
7.00%
Gross SF
55,000
Rentable SF
55,000
Price/Gross SF
$203.45
Lot Size
11.20 acres
Year Built
2002

Investment Highlights

  • High Volume Walmart Supercenter
  • Stable Tenant History AVG. Tenure 15+ Years
  • #1 Most Visited Retail Center In Trade Area
  • Affluent & Growing Demos
  • High Traffic Corridor 41,190 VPD
  • Clarksville | 5th Largest City In Tennessee

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 55,000 SF Walmart Supercenter shadow anchored retail center located in Clarksville, TN • The property is 100% leased and includes national brands such as Dollar Tree, Shoe Show, CATO, Sally Beauty, & more • This center is shadow anchored by a high-performing Walmart since 2003 | Walmart owns the Walmart • Stable Tenant History | Average Tenant Tenure: 15.52 Years • This shopping center sees 2.7M visits per year STRATEGIC LOCATION | REGIONAL TRADE AREA • Situated at the high traffic intersection of Madison Street and Hwy 76 (41,190 Combined VPD) • This center is the #1 most visited retail shopping center in a 30-Mile Trade Area • This location pulls f rom a 40+ mile trade area AFFLUENT & RAPIDLY GROWING DEMOS • 5-Mile Population: 61,596 • 5-Mile Avg. Household Income: $86,123 • 5-Mile Projected Growth: 10.05% CLARKSVILLE, TN • Clarksville is a city 50 miles north of Nashville and is the county seat of Montgomery County, Tennessee • It is the 5th largest city in the state behind Nashville, Memphis, Knoxville, and Chattanooga & the principle central city of the Clarkesville, TN-KY MSA • Clarksville is the home of Austin Peay State University; The Leaf- Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army post • Site of the 101st Airborne Division (Air Assault), Fort Campbell is located 10 miles f rom downtown Clarksville, and spans the Tennessee-Kentucky state line. • Along with being one of Tennessee’s largest cities, its bolstering economy is home to many major corporations & employers which include Amazon Distribution Center, Trane, SPX Corporation, Google, Bridgestone, LG, and many more TRADE AREA DEMOGRAPHICS • Population: 165,460 • Household Income: $86,123

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

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