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29105412
29105410

1005 Winn Way, Clarksville, TN 37043 For Sale

PF
IL 475118789
Matthews
MN
CO 100103302
Matthews
Listed by Matthews
$3,582,000
197 days on market
Updated 98 days ago

Firestone Complete Auto Care

Details
Property Type Retail
Sub Type Auto Shop, Bridgestone (+1)
Square Footage 6,116
Net Rentable (SqFt) 6,116
Cap Rate 5.4%
NOI $193,468
Occupancy 100%
Tenancy Single
Brand/Tenant Firestone, Bridgestone
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/31/2034
Remaining Term 8.5
Rent Bumps Yes
Lease Options Five, 5-Year Options
Price per SqFt $586
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 0.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/27/2019
Occupancy Date 12/27/2019
Ground Lease No
Ownership Fee Simple

Absolute NNN | Investment Grade Credit - Corporate Lease | 27,000 VPD

Marketing description

Firestone located at 1005 Winn Way, Clarksville, TN 37043 presents a prime investment opportunity. The tenant is Bridgestone Retail Operations, LLC, the largest tire and rubber manufacturer globally, and features an Absolute NNN lease with no landlord responsibilities. Strategically situated near an I-24 interchange (+67,000 VPD), the location offers high visibility with over 100-ft frontage on MLK Jr. Parkway (+27,000 VPD).

Clarksville's thriving economy, driven by Fort Campbell and massive capital investments, continues to grow with strong demographic trends. Securing a passive income stream with a reliable tenant in a rapidly developing area, this offering combines stability with potential growth in one of Tennessee's fastest-growing cities. Don't miss the chance to invest in a property with a prominent tenant in a high-traffic area at a promising cap rate.

Investment highlights

  • CORPORATE TENANT – Leased to Bridgestone Retail Operations, LLC, the primary real estate holding subsidiary of Bridgestone Corporations (S&P: A | Moody’s A1 | NASDAQ: BRDCY). BRCO operates over 2,200 stores and is the world’s largest manufacturer of tires & rubber.

  • ABSOLUTE NNN – There are zero landlord responsibilities. Tenant maintains and pays directly for all CAM, Taxes, Insurance, including roof, structure, and parking lot, making this a completely passive investment opportunity.

  • HIGH TRAFFIC INTERSTATE LOCATION – Strategically positioned less than ½ mile from a full interchange with I-24 (+67,000 VPD), the primary thoroughfare connecting to Nashville, approximately 40 miles south.

  • EXCELLENT FRONTAGE & VISIBILITY – The property offers strong visibility with over 100-ft of frontage on MLK Jr. Parkway (+27,000 VPD), and tall pylon signage.

  • ECONOMIC EXPANSION (MILITARY, MANUFACTURING, TECH) – Fort Campbell, a major U.S. Army base, anchors the local economy with over 26,000 active-duty soldiers and 40,000+ family members and civilians. Since 2000, there has been over $5 billion in capital investment and 7,500+ jobs created across industries like advanced manufacturing, logistics, and technology.

  • STRONG DEMOGRAPHIC PROFILE & RECOGNIZED MARKET MOMENTUM – Located in Clarksville – one of the fastest growing cities in Tennessee, a dynamic suburb located 40 miles from downtown Nashville, the city boasts 190,000+ residents and has reflected a growth rate of 2.38% annually and a total growth rate of about 13% since 2020. Ranked a “Best Place to Live in America” (Money.com, 2019) and Top City for Millennial Homebuyers. National brands and developers are increasingly targeting Clarksville for long-term growth.

Listing Contacts

PF
IL 475118789
Matthews
MN
CO 100103302
Matthews
Listed by Matthews

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,468.00
$16,122.33/mo

Valuation Metrics

0
DSCR
5.4%
Cap Rate
5.4%
ROI

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Additional Information

Name
Hutt Cooke
License
356505, 263667 (TN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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