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Maaco Auto Body

Clarksville, Tennessee

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NNN Pro Group is pleased to present the exclusive listing for a Maaco Auto Body Shop located at 907 Providence Boulevard in Clarksville, TN. The site consists of roughly 7,200 rentable square feet of building space on estimated 0.92-acre parcel of land. This Maaco Auto Body is subject to a 10-year absolute triple-net (NNN) lease, which commenced May 1st, 2021. The current annual rent is $65,000 and is scheduled to increase by 8.50% every 5 years throughout the base term and in the 1, 10-year renewal option.

About the Investment:

✓ 10-Year Absolute Triple Net (NNN) Lease
✓ Over 7 Years of Lease Term Remaining
✓ Eight-And-A-Half Percent (8.50%) Rental Increases Every 5 Years
✓ One (1), Ten (10)-Year Tenant Renewal Options

Key Details

Price:
$1,000,000
Cap Rate:
6.50%
Annual Rent:
$65,000
Address:
907 Providence Blvd, Clarksville, Tennessee 37042
Property Type:
Automotive
Lease Type:
Triple Net (NNN)

Original Lease Term:
10 Years
Lease Commencement:
May 1, 2021
Lease Expiration:
April 30, 2031
Lease Term Remaining:
7.2 Years
Rental Increases:
8.50% Every 5 Years
Lot Size:
0.92 Acres
Building Size:
7,200 SF
Year Built:
1998
Tenant:
Maaco Auto Body

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Francis Purritano

License: 10401333619

Walker Stevens

Broker of record

Brian Brockman

Bang Realty-Tennessee, Inc

License: 343847


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