Walmart Shadow Center

Walmart Shadow Center

2323 Madison St
Clarksville, TN

Price: $11,190,000
Cap: 7.00%
NOI: $783,133
Building Size: 55,000 SF
Lot Size: 11.2 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 55,000 SF Walmart Supercenter shadow anchored retail center located in Clarksville, TN
• The property is 100% leased and includes national brands such as Dollar Tree, Shoe Show, CATO, Sally Beauty, & more
• This center is shadow anchored by a high-performing Walmart since 2003 | Walmart owns the Walmart
• Stable Tenant History | Average Tenant Tenure: 15.52 Years
• This shopping center sees 2.7M visits per year

STRATEGIC LOCATION | REGIONAL TRADE AREA
• Situated at the high traffic intersection of Madison Street and Hwy 76 (41,190 Combined VPD)
• This center is the #1 most visited retail shopping center in a 30-Mile Trade Area
• This location pulls f rom a 40+ mile trade area

AFFLUENT & RAPIDLY GROWING DEMOS
• 5-Mile Population: 61,596
• 5-Mile Avg. Household Income: $86,123
• 5-Mile Projected Growth: 10.05%

CLARKSVILLE, TN
• Clarksville is a city 50 miles north of Nashville and is the county seat of Montgomery County, Tennessee
• It is the 5th largest city in the state behind Nashville, Memphis, Knoxville, and Chattanooga & the principle central city of the Clarkesville, TN-KY MSA
• Clarksville is the home of Austin Peay State University; The Leaf- Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army post
• Site of the 101st Airborne Division (Air Assault), Fort Campbell is located 10 miles f rom downtown Clarksville, and spans the Tennessee-Kentucky state line.
• Along with being one of Tennessee’s largest cities, its bolstering economy is home to many major corporations & employers which include Amazon Distribution Center, Trane, SPX Corporation, Google, Bridgestone, LG, and many more

TRADE AREA DEMOGRAPHICS
• Population: 165,460
• Household Income: $86,123

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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