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965 N Riverside Dr
Clarksville, TN 37040
Arby's · Retail Property For Sale

Investment Highlights

  • 7.13 Years Remaining on Freestanding QSR with Drive-Thru | March 2026 Remodel | Arby’s Restaurant Group Corporately-Guaranteed Absolute NNN Lease
  • Excellent Demographics: Five-Mile Population is 100,001 and Five-Mile Average Household Income is $73,799
  • High Traffic Exposure: (111,037 Combined VPD) Located in a Highly Trafficked Downtown Area Surrounded by National Retailers

Executive Summary

7.13 Years Remaining on Freestanding QSR with Drive-Thru | March 2026 Remodel | Arby’s Restaurant Group Corporately-Guaranteed Absolute NNN Lease - No Landlord Responsibilities | Three 5-Year Options | 10% Rental Increases Every Five Years
High Traffic Exposure: (111,037 Combined VPD) Located in a Highly Trafficked Downtown Area Surrounded by National Retailers | Located at the Intersection of N 2nd Street and N Riverside Dr
University Location: Adjacent to Austin Peay State University with Over 11,000 in Student Enrollment and Staff
Property is Located Near the Vulcan Redevelopment Project, a 30-Acre Downtown Redevelopment Initiative Intended to Transform Downtown Clarksville into a Walkable Urban District | The Redevelopment Includes Approximately 330 Apartments, 65,000+ square feet of Retail Space, a Grocery Store, and Entertainment and Public Space Features
Excellent Demographics: Five-Mile Population is 100,001 and Five-Mile Average Household Income is $73,799
Clarksville is a fast-growing city on the Tennessee-Kentucky Border and is the Heart of the Clarksville TN-KY MSA with Over 351,000 Residents | Clarksville is Experiencing a Population Boom with a Population Growth of 24% Since 2010
Clarksville’s Retail Sector is Expanding Rapidly with Many New Mixed-Use Developments Underway or Planned, Downtown Revitalization Efforts, and Expanding Retail Corridors.
Clarksville is Located Just 45 Miles Northwest of Nashville | Downtown Clarksville is 10 Miles from Fort Campbell, One of the Largest US Army Installations in the US | Home to the 101st Airborne Division, Fort Campbell Supports Over 241,000 Active Military, Family Members, Civilians, and Retired Personnel and is a Major Factor in Clarksville’s Economy

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
2,995 SF
Building Class
C
Year Built/Renovated
1989/2026
Price
$1,804,916
Price Per SF
$602.64
Cap Rate
6%
NOI
$108,295
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
C-2
Frontage
180’ on Riverside Dr

Property Taxes

Property Taxes

Parcel Number
055O-B-005.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$622,440
  • Listing ID: 39936518

  • Date on Market: 3/27/2026

  • Last Updated:

  • Address: 965 N Riverside Dr, Clarksville, TN 37040

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