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Shops of Wilma Rudolph 3031 Wilma Rudolph Blvd 10,031 SF 100% Leased Retail Building Clarksville, TN 37040 $5,349,000 ($533.25/SF) 6.32% Cap Rate
Investment Highlights
- Value-Add Opportunity – FedEx is currently paying well below market rent at $18 PSF with rent to be set at market rate at their next option period
- NNN Lease Structure – All tenants are paying their pro-rata share of operating expenses. Limiting landlord exposure to inflationary pressures
- Attractive Retail Design – Newly remodeled as of 2018: Features prominent signage, ample parking, easy access, and high visibility
- National Tenant Roster – Shops of Wilma Rudolph is leased to nationally recognized, strong credit tenants
- Strip Center Intrinsics – Shops of Wilma Rudolph embodies the low risk associated with smaller, leasable tenant spaces
- Across From Top Performing Walmart – This is the number one Walmart Location in Tennessee and ranks in the 98th Percentile nationally (Per AlphaMaps)
Executive Summary
Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,031 SF
Building Class
B
Year Built/Renovated
1995/2018
Price
$5,349,000
Price Per SF
$533.25
Cap Rate
6.32%
NOI
$338,228
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
30 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
403’ on Wilma Rudolph Blvd
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 032L-A-001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $811,840 |
Property Taxes
Parcel Number
032L-A-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$811,840
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Photos
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Shops of Wilma Rudolph | 3031 Wilma Rudolph Blvd
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