Shopping Strip

Sango Shopping Center

2421 Highway 41A, Clarksville, TN 37042

Listing Price: $1,150,000

Cap Rate
7.47%
Gross SF
4,981
Rentable SF
4,981
Price/Gross SF
$230.88
Lot Size
1.44 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present a 5,000-square-foot shopping center located at 2421 Highway 41A bypass in Clarksville, Tennessee. The property was built in 2017 and has four tenants. The shopping center benefits from exceptional visibility from Highway 41, as well as recent construction and a beautiful look. The property is fully leased, all of which have term left on their leases. The property has 20 parking spaces, giving it a healthy parking ratio of four to one. The construction of the property is a combo of brick and metal and benefits from having beautiful glass storefronts, which creates a fantastic facade. The property has rear storage and DI doors.

This property is situated in the Sango submarket of Clarksville, which happens to be the highest growth submarket in the area. The Sango area has a great balance of retail and residential, which has been a significant component of the rapid growth that it has experienced. Within a three-mile radius of this property, the population is 43,551.

Clarksville is located only 45 miles northwest of Nashville and is the 19th fastest growing city in the United States. Situated on Interstate 24, the city has seen significant economic growth in the past decade and is currently the fifth largest city in the state. According to state projections, Clarksville is projected to pass Chattanooga in the next five years to become the fourth largest city in Tennessee.

The major employers in the Clarksville area include Hankook Tire, LG Lighting, Trane and Tennova Healthcare. Google recently located a major regional fiber optics center into the market, and Atlas BTX recently announced a $75 million investment in the area. In addition to the city's population base, neighboring Fort Campbell (Home of the 101st Airborne Division, the Screaming Eagles) has more than 140,000 troops stationed there.

Investment Highlights

  • Great Visibility From Highway 41A
  • Located in Highest Growth Submarket in Clarksville
  • Fully Leased With Lease Term Remaining
  • Concrete Parking Pad With Parking Ratio of Four to One
  • Recent Construction
  • Strong Rent Roll

Exclusively Listed By

Listing Price: $1,150,000

Cap Rate
7.47%
Gross SF
4,981
Rentable SF
4,981
Price/Gross SF
$230.88
Lot Size
1.44 acres
Year Built
2017

Investment Highlights

  • Great Visibility From Highway 41A
  • Located in Highest Growth Submarket in Clarksville
  • Fully Leased With Lease Term Remaining
  • Concrete Parking Pad With Parking Ratio of Four to One
  • Recent Construction
  • Strong Rent Roll

Investment Overview

Marcus & Millichap is pleased to present a 5,000-square-foot shopping center located at 2421 Highway 41A bypass in Clarksville, Tennessee. The property was built in 2017 and has four tenants. The shopping center benefits from exceptional visibility from Highway 41, as well as recent construction and a beautiful look. The property is fully leased, all of which have term left on their leases. The property has 20 parking spaces, giving it a healthy parking ratio of four to one. The construction of the property is a combo of brick and metal and benefits from having beautiful glass storefronts, which creates a fantastic facade. The property has rear storage and DI doors.

This property is situated in the Sango submarket of Clarksville, which happens to be the highest growth submarket in the area. The Sango area has a great balance of retail and residential, which has been a significant component of the rapid growth that it has experienced. Within a three-mile radius of this property, the population is 43,551.

Clarksville is located only 45 miles northwest of Nashville and is the 19th fastest growing city in the United States. Situated on Interstate 24, the city has seen significant economic growth in the past decade and is currently the fifth largest city in the state. According to state projections, Clarksville is projected to pass Chattanooga in the next five years to become the fourth largest city in Tennessee.

The major employers in the Clarksville area include Hankook Tire, LG Lighting, Trane and Tennova Healthcare. Google recently located a major regional fiber optics center into the market, and Atlas BTX recently announced a $75 million investment in the area. In addition to the city's population base, neighboring Fort Campbell (Home of the 101st Airborne Division, the Screaming Eagles) has more than 140,000 troops stationed there.

Exclusively Listed By

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