3083 Wilma Rudolph Blvd
Clarksville, TN 37040
Retail Property For Sale

CBRE is pleased to present the opportunity to acquire a 2nd generation restaurant located in Clarksville, Montgomery County, Tennessee, 45 miles northwest of Nashville. The asset is undergoing complete reconstruction as a brand new First Watch restaurant, secured by a 15-year Absolute NNN Lease featuring 10% rent increases every five years and three (3) 5-year renewal options, delivering a truly passive, management-free income stream backed by a recognized national brand operating in one of Tennessee's fastest-growing metro markets. Marked by substantial growth, Clarksville is one of Tennessee's most dynamic markets. Named a Top 25 Boom City in 2026, Clarksville has led all Tennessee cities in year-over-year population growth for multiple consecutive years and is on pace to surpass Chattanooga as the state's fourth-largest city, growing 15.43% since 2020. This growth is sustained by three durable drivers: military and veteran households anchored to Fort Campbell, an expanding manufacturing and logistics employment base, and a cost-of-living advantage that continues drawing in-migration from Nashville and beyond.

Wilma Rudolph Boulevard's retail base - where First Watch resides - is set to expand with Freedom Farms, a 220-acre mixed-use development adjacent to First Watch, between Governor's Square Mall and Interstate 24, and will be anchored by Costco on 25 of the 74-acre first phase of the project. The development is expected to bring 75 to 100 retail stores and restaurants alongside 600 multifamily homes, positioning the corridor to capture demand from across middle Tennessee and southern Kentucky.