907 Providence Blvd Clarksville, TN 37042-4476
- Auto shops
- 7,198 SF
- 0.99 lot acres
Current Use by Public Records
- Maaco Auto Body Shop & Painting / Auto Body Shop / Auto Dent Removal Service
Property Details for 907 Providence Blvd
- Year built
- 1998
- Lot size
- 0.99 lot acres
- Property size
- 7,198 SF
- Zone code
- C-2
- Property type
- Auto shops
- APN
- 054E A 00700 000
- APU
- 054EA00700000
Description
This exceptional investment opportunity presents a 7,200 square foot Maaco Auto Body shop in Clarksville, Tennessee. Located at 907 Providence Blvd, this property sits on a 0.92-acre lot and boasts a strong 10-year absolute triple-net (NNN) lease with a franchisee tenant. The lease commenced May 1, 2021, and has approximately 6.4 years remaining, with a 10-year renewal option. The current annual net operating income (NOI) is $65,000, representing a 6.50% cap rate. The asking price is $1,000,000 ($138.89/sq ft). Built in 1998, the property enjoys 100% occupancy. Rent increases by 8.50% every five years throughout the base term and the renewal option. This presents a stable, long-term investment with significant upside potential due to the built-in rent escalations. The property's location in Clarksville, TN, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, passively managed, automotive-related investment with a strong tenant and a secure lease. The property's strong financial performance and long-term lease make it an attractive addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $715,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $775,000
- 6.5%
- $690,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $870,000
- Mixed-Use
- $940,000
- Hospitality
- $700,000
- Educational
- $750,000
- Residential Income
- $935,000
- Energy
- $945,000
- Income-Based Land
- $770,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.3887
- Latitude
- 36.5519
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA