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3031 Wilma Rudolph Blvd Clarksville, TN 37040

For Sale
$5,500,000

Retail property near a large mall in a growing area.

Property size:
10,031 SF
Lot size:
1.15 Acres

Property Features for 3031 Wilma Rudolph Blvd

General Information

Size
10,031 SF
Lot size
1.15 Acres

Source: Market Street Retail Advisors Agent Ben Sullivan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Shops Near Governor's Square

This retail property, known as Governor’s Square Mall Shops of Wilma Rudolph, is located at the entrance to the 1,100,000 square foot Governor’s Square Mall, which draws from a trade area population of over 400,000 residents. The property is positioned in Clarksville, Tennessee, 48 miles west of Nashville, Tennessee. Clarksville is experiencing rapid growth and is home to Fort Campbell Army Base and the 101st Airborne Division. Other notable employers in the area include Austin Peay University, Hancook Tire, Trane, and Korean manufacturer LG. A new Dave and Busters, announced in February 2024, has signed a lease for 34,556 square feet in the mall. Anchor tenants include HomeGoods, Burlington, Dick’s Sporting Goods, ROSS Dress For Less, Old Navy, Best Buy, AMC Theater, Dillard’s, Belk Outlet and JCPenney. The property presents a value-add opportunity. FedEx occupies 24.42% of the gross leasable area with a lease expiration date of 2/28/28 and a 5-year option term at market rate. FedEx is currently paying $18.00 per square foot net. Sleep Number is currently paying $38.89 per square foot net, and Army Navy is currently paying $40.00 per square foot net. The property size is 10,031 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Army Clarksville Recruiting ... Military Recruiting Office Sleep Number Mattress Store FedEx Office Print ... Shipping And Mailing Service Forensic Accounting Corp Accountant Rush My Passport Visa And Passport Office

Suggested Use

Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Clarksville
County
Montgomery
State
Tennessee
Longitude
-87.289677
Latitude
36.592074

FAQs

What type of property is this?
Strip mall - Retail property near a large mall in a growing area.
Where is this strip mall located?
The property is located at 3031 Wilma Rudolph Blvd Clarksville, TN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: - Value-add opportunity with below-market FedEx lease, offering potential for increased rental income.; - Strategic location at the entrance to Governor's Square Mall, a regional draw with over 400,000 residents in its trade area.; - FedEx is a major tenant (24.42% of GLA) with a lease extending to 2/28/28 and a 5-year option.
More about this property
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