3083 Wilma Rudolph Blvd - Restaurant FOR SALE


Clarksville, TN 37040
$4,615,000 USD
239-770-2940
3083 Wilma Rudolph Blvd, Clarksville, TN for Sale
$4,615,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

3083 Wilma Rudolph Blvd
Clarksville, TN 37040


HIGHLIGHTS

  • Daytime Population Density Quadruples! IDEALLY POSITIONED IN THE MASSIVE EPICENTER OF RETAILERS
  • High Barrier to Entry! 45+ Miles to Closest Same Concept Unit | Virtually Zero Competition in the Immediate Area
  • 25 Hotels within 1 Mile/1,900 Room Keys, Adjacent to Governor's Square Mall, Surrounded by 300+ Retailers
  • Prime Positioning Along Clarksville's Retail & Hospitality Corridor, 5 Big Box Stores within 3/4 Miles
  • Adjacent to I-24 with 55,223 ADT, Providing Direct Visibility & Access to the Busiest Commercial Interchange in Clarksville
  • Directly in Front of New Freedom Farms Mixed Use Development Coming in 2028, Anchor: Costco

OVERVIEW

CBRE is pleased to present the opportunity to acquire a 2nd generation restaurant located in Clarksville, Montgomery County, Tennessee, 45 miles northwest of Nashville. The asset is undergoing complete reconstruction as a brand new First Watch restaurant, secured by a 15-year Absolute NNN Lease featuring 10% rent increases every five years and three (3) 5-year renewal options, delivering a truly passive, management-free income stream backed by a recognized national brand operating in one of Tennessee's fastest-growing metro markets. Marked by substantial growth, Clarksville is one of Tennessee's most dynamic markets. Named a Top 25 Boom City in 2026, Clarksville has led all Tennessee cities in year-over-year population growth for multiple consecutive years and is on pace to surpass Chattanooga as the state's fourth-largest city, growing 15.43% since 2020. This growth is sustained by three durable drivers: military and veteran households anchored to Fort Campbell, an expanding manufacturing and logistics employment base, and a cost-of-living advantage that continues drawing in-migration from Nashville and beyond. Wilma Rudolph Boulevard's retail base - where First Watch resides - is set to expand with Freedom Farms, a 220-acre mixed-use development adjacent to First Watch, between Governor's Square Mall and Interstate 24, and will be anchored by Costco on 25 of the 74-acre first phase of the project. The development is expected to bring 75 to 100 retail stores and restaurants alongside 600 multifamily homes, positioning the corridor to capture demand from across middle Tennessee and southern Kentucky.

FOR SALE DETAILS

PRICE

$4,615,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

033H-C-016.00

ASK ABOUT THIS PROPERTY

239-770-2940

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239-770-2940

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