1493 Madison St Clarksville, TN 37040

Listing agency Transwestern Houston

Listed by Andrew Watson · License #IL 475136758

Source Crexi

Added: Apr 12 Updated: Jul 20 at 7:23PM Checked: Jul 21 at 3:57AM

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Investment Insights

Based on property information with market context.

This fee simple offering is 100% leased to Rite Aid Corporation under a lease that commenced in January 1998. The lease features a 20-year primary term and four additional five-year tenant options to extend. Rent increases by $5,454 every five years during the option periods.

The property sits at the northeast corner of Madison Street and Liberty Parkway in Clarksville, Tennessee, on a major thoroughfare. It is located down the road from Austin Peay State University and benefits from premium sight lines and access.

Developed in 1998, the site includes 1.53 acres of land improved with an 11,304-square-foot building.

Key Highlights

• Fee simple long‑term net leased property in Clarksville, TN: 100% leased to Rite Aid Corporation.
• Lease commenced January 1998 with a 20‑year primary term and four additional five‑year tenant options to extend.
• Rent increases by $5,454 every five years during the option periods.

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FAQs

What type of property is this?

Drug store - Long-term net leased drugstore property is 100% leased to Rite Aid Corporation.

Where is this drug store located?

The property is located at 1493 Madison St Clarksville, TN.

What are key features of this property?

This property features: Fee simple long‑term net leased property in Clarksville, TN: 100% leased to Rite Aid Corporation.; Lease commenced January 1998 with a 20‑year primary term and four additional five‑year tenant options to extend.; Rent increases by $5,454 every five years during the option periods.