1763 Madison St Clarksville, TN 37043-4990

Property Details for 1763 Madison St

Year built

2014

Lot size

0.98 lot acres

Property size

4,604 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

080B B 02300 000

APU

080BB02300000

Description

This exceptional investment opportunity presents a 4,504 square foot Class A retail property located at 1763 Madison St, Clarksville, TN 37043. The property is currently leased to American Family Care under a 15-year absolute NNN lease, commencing August 1, 2023, and expiring July 31, 2038, leaving 13.7 years remaining. The lease includes annual rent increases based on CPI, with a 2% floor and no cap, ensuring consistent income growth. The tenant is backed by a corporate guarantee, mitigating risk. The property boasts a strong 6.18% cap rate and a Net Operating Income (NOI) of $157,003, with an asking price of $2,540,500 ($564.05 per square foot). This strategically located outparcel benefits from its proximity to a high-performing Publix supermarket and other national retailers such as Chick-fil-A, Lowe's, and Five Guys, ensuring high visibility and foot traffic. Its location on Madison St/Highway 76 (2023 AADT: 19,005) provides excellent accessibility. Furthermore, the property's proximity to Austin Peay State University (2.7 miles, 9,326 students in Fall 2022) and the area's robust population growth (36% increase within a 10-mile radius from 2010-2023) contribute to its long-term value and potential for appreciation. A 10-year lease option is also available.