1348 College St - Freestanding FOR SALE


Clarksville, TN 37040- Downtown Clarksville
$650,000 USD
615-208-3285
1348 College St, Clarksville, TN for Sale
$650,000 USD
Freestanding - FOR SALE
1/29
null | Request Cap Rate

NEW


1348 College St
Clarksville, TN 37040
Downtown Clarksville


OVERVIEW

Investment Opportunity! This property features three fully leased commercial buildings with a current cap rate of 4.64% and plenty of room for growth. The asset generates a strong and steady income stream with monthly rental income of $3,468 and annual rental income of $41,616, resulting in a Net Operating Income (NOI) of $30,138 per year. The existing lease runs through December 2028 and includes two additional 5-year extension options, providing long-term stability. With annual rental escalations of 2.5%, investors can enjoy built-in income growth over time. Don’t miss this rare opportunity to acquire a fully occupied investment property with consistent cash flow and long-term upside! Buildings are 1344, 1346 & 1348 College St. Three buildings total: One building is 6576 sq ft, the second is 800 sq ft and third is 600sq ft

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

M-1

APN/PARCEL ID

055M-C-004.00

ASK ABOUT THIS PROPERTY

David HuffakerKeller Williams RealtyMore Info
615-208-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David HuffakerKeller Williams RealtyMore Info
615-208-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.