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Property profile & analytics
OFF-MARKET Estimated value $10,470,000
Outlet malls

2780 Wilma Rudolph Blvd Clarksville, TN 37040-5897

97,367 SF 10.56 ac lot Built 1992
Entity Owned 8-yr Hold Free & Clear
Property ID
US80-1122980
Property summary
AI-generated overview

This exceptional investment opportunity presents a 100,252 square foot At Home storefront located at 2780 Wilma Rudolph Blvd, Clarksville, TN 37040. Situated on a 10.56-acre lot in the Austin Square Shopping Center, this property benefits from its prime location off Interstate 24 (69,500 vehicles per day), offering excellent visibility and accessibility. The property is held in fee simple ownership (land and building), providing complete ownership control. The absolute NNN lease with At Home commenced July 3, 2018, and expires July 31, 2034, offering a remaining lease term of approximately 9.7 years. The lease includes four 5-year renewal options, and features annual rent bumps of 2%. This investment is further enhanced by the absence of state income tax in Tennessee and the strong demographics within the 5-mile trade area. The property's parcel number is 032 11202 000. This is a truly passive investment opportunity with zero landlord responsibilities, offering a secure and profitable return for years to come. The property is located near Governor's Square Mall and Hampton Plaza (232,000 square feet), further solidifying its position within a primary retail corridor.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1992
Construction FRAME
Total area 97,367 SF
Lot 10.56 ac (459,994 SF)
Zoning code C-5
APN 032 11202 000
UPID US80-1122980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PRP RadiantSage Medical Clinic
  • TNT Fireworks Discount Store Party Supply Store
  • At Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.54M
Blend (final) Blend
$10.47M
Owner & transaction history
Vereit Real Estate LP · 8 yrs held
Vereit Real Estate LP
since 2018
3 recorded transactions
2018
$10.6M
2017
$4.8M
2003
$3.7M
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-5 - HIGHWAY AND ARTERIAL COMMERCIAL DISTRICT The C-5 Highway and Arterial Commercial District is intended to provide areas in which the principal use of land is devoted to commercial establishments which cater specifically to motor-vehicle-oriented trade. It is further intended to provide appropriate space and sufficient depth from the street to provide fo…

Zone name Highway And Arterial Commercial District
General category COMMERCIAL
Zone area 2,637.23 ac
Source zoning ordinance
Top alternative use upside
Medical building $16.9M +9.7%
Office building $15.5M +0.3%
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