101 Ringgold Rd Clarksville, TN 37042
- Office buildings
- 8,250 SF
- 0.84 lot acres
Current Use by Public Records
- Guidepost Montessori at Clarksville / School
- Campbell Strong Workforce Partnership / Corporate Office
- Clarksville Tennessee Real Estate / Real Estate Agency
Property Details for 101 Ringgold Rd
- Year built
- 2000
- Lot size
- 0.84 lot acres
- Property size
- 8,250 SF
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 030G M 00100 000
- APU
- 030GM00100000
Description
This exceptional investment opportunity presents a brand-new, 10,000-square-foot Guidepost Montessori school in Clarksville, Tennessee. Located at 101 Ringgold Rd, 37042, this freestanding daycare sits on a 0.84-acre lot and boasts a 20-year corporate net lease (NNN) with a robust 7.30% cap rate and a $400,000 annual net operating income (NOI). The lease includes annual rent bumps of 2%, ensuring consistent income growth. The property underwent extensive renovations in 2024, including a new roof, HVAC system, and interior remodel. The lease is further secured by Higher Ground Education (HGE), a financially strong corporate operator with an experienced executive team. Guidepost Montessori, the world's largest Montessori school operator with over 150 locations, is the tenant. This location benefits from its proximity to Fort Campbell, a major military base, as the tenant is an approved Department of Defense childcare provider. The lease features four, 5-year renewal options, providing long-term stability and predictable returns. Clarksville, Tennessee, offers a tax-free environment and is experiencing significant population growth, making this a compelling investment in a thriving market. The asking price is $5,479,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.4169
- Latitude
- 36.5942
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
