OFFERING MEMORANDUM Absolute NNN Ground Lease Investment Opportunity 1959 Madison St | Clarksville, TN 37043 - Sands Investment Group
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OFFERING MEMORANDUM
Absolute NNN Ground Lease Investment Opportunity
1959 Madison St | Clarksville, TN 37043
Actual Property Image
03 INVESTMENT SUMMARY
• Investment Summary
• Investment Highlights
05 AREA OVERVIEW
• Location Map
Actual Property Image
• Aerial & Retail Maps
• City Overview
Exclusively Marketed By: Sands Investment Group
John Kerr John Cigliano
10 TENANT OVERVIEW
• Tenant Profile Lic. # 01996892 Lic. # 01944544
424.228.1718 | DIRECT 310.853.1353 | DIRECT
jkerr@SIGnnn.com john@SIGnnn.com
11 LEASE ABSTRACT
• Lease Summary
• Rent Roll © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the
responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.
Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance
In Cooperation with Sands Investment Group Tennessee, LLC these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential
BoR: Kaveh Ebrahimi – Lic # 344496 interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
INVESTMENT SUMMARY Actual Property Image
OFFERING SUMMARY PROPERTY SUMMARY
PRICE $660,000 ADDRESS 1959 Madison St
CAP 5.50% Clarksville, TN 37043
NOI $36,300 COUNTY Montgomery
PRICE PER SF $86.84 BUILDING AREA 7,600 SF
YEARS REMAINING ~8 Years LAND AREA 0.72 Acres
LEASE GUARANTY AutoZone, Inc BUILT 2005
3
INVESTMENT HIGHLIGHTS
Actual Property Image
• Ground Lease Investment Opportunity with Zero Landlord Responsibilities
Investment • Corporately Guaranteed Lease by AutoZone, Inc (S&P Rating –BBB)
• 10% Rental Increase Scheduled for 2020 and At Options
Summary • Income Tax Free State – Tennessee is One of the Few States with No State Income Tax
• Clarksville is the 5th Largest City in Tennessee with Over 150,000 Residents
• Strategically Located on Highway 41 with 22,721 Vehicles Per Day
Absolute • Clarksville is Home to the Fort Campbell Military Base – The 3rd Largest Military Population in the Army
(120,000 Troops)
NNN Lease • Home to Austin Peay State University with Over 10,300 Students Enrolled
• New $800 Million Hankook Tire Factory, $600 Million Google Data Center, and $250 Million LG Home
Appliance Factory are Set to Bring More Than 2,000 Jobs to Clarksville, TN
44
55
LOCATION MAP
AERIAL MAP
The Mirror Dance
Salon Force, LLC
Elite Wine & Spirits
A & W Catering
6
57
RETAIL MAP
AERA OVERVIEW
The Mirror Salon
CEM Employee
Credit Union
A & W Catering
Dance Force, LLC
SUBJECT PROPERTY DEMOGRAPHICS
3 Mile 5 Mile 10 Mile
Population 28,457 67,553 171,632
Average Household Income $63,208 $62,606 $62,616
8
AREA OVERVIEW
CLARKSVILLE, TN
ABOUT THE CITY
The city of Clarksville is the county seat of Montgomery County, Tennessee and fifth-largest city in the state with
a population of 150,287 in 2016. It is the principal central city of the Clarksville, TN-KY metropolitan statistical
area, which consists of Montgomery and Stewart Counties in Tennessee, and Christian and Trigg Counties in
Kentucky making it the 167th largest MSA in the United States. Clarksville is served commercially by Nashville
International Airport but also has a small airport, Outlaw Field, located 10 miles north of downtown. Clarksville-
Montgomery County is a thriving community located a short 40 minute drive from Nashville.
CLARKSVILLE, TN
ECONOMY
Due to the quality workforce, high quality of life and excellent business climate, many of the industries have
expanded over the years, several of them boasting multiple expansions. The Clarksville metropolitan statistical
area (MSA) ranked 19th in the nation for fastest job growth. The Clarksville MSA added more than 4,700 jobs, an
increase of 4.61%, with total jobs at 106,811 in October 2016. Recent company expansions in the Clarksville area
include LG Electronics, Inc ($250 million investment; 600 jobs), Google ($600 million investment; 70 jobs),
Verstraete IML USA ($20 million investment; 59 jobs), and the Nam Yang USA ($3 million investment; 10 jobs). A
gem located along the Cumberland and Red Rivers, Clarksville-Montgomery County has come to be a
community that stands alone in its success in industry, business, per capita income and real estate efforts.
GOOGLE DATA CENTER
CULTURE & CONTEMPORARY LIFE
Part of the charm that makes up this community is the array of year-round attractions that bring the downtown
alive throughout the year. The award-winning Rivers and Spires Festival boasts music, food, art and free family
fun each April. The City of Clarksville hosts free annual events such as Christmas on the Cumberland, Jammin' in
the Alley, Liberty Live and Movies In The Park. Recreation enthusiasts also find plenty of adventure in Clarksville.
The Marina at Liberty Park, the Blueways and Greenways are a vital part of available outdoor amenities giving
residents miles of scenic walking, biking, running, kayaking, boating and canoeing options.
119
DOWNTOWN CLARKSVILLE
TENANT OVERVIEW
For more than 30 years, AutoZone has
been committed to providing the best
parts, prices and customer service in
the automotive aftermarket industry.
We have a rich culture and history of going the Extra Mile for
our customers and our community. AutoZone is the nation's
leading retailer and a leading distributor of automotive
replacement parts and accessories with more than 6,000 stores
in US, Puerto Rico, Mexico, and Brazil. Each store carries an
extensive line for cars, sport utility vehicles, vans and light
trucks, including new and remanufactured hard parts,
maintenance items and accessories. Since opening its first
store in Forrest City, Arkansas on July 4, 1979, the company
has joined the New York Stock Exchange (NYSE: AZO) and
earned a spot in the Fortune 500. AutoZone also sell
automotive diagnostic and repair software through ALLDATA,
diagnostic and repair information through alldatadiy.com, and
auto and light truck parts and accessories
through AutoZone.com.
Actual Property Image
COMPANY TYPE HEADQUARTERS # OF LOCATIONS EMPLOYEES FOUNDED WEBSITE
10 NYSE: AZO Memphis, TN 6,000+ $21.43 Billion 1979 autozone.comLEASE ABSTRACT
LEASE SUMMARY
TENANT AutoZone
A Building of Approximately
PREMISES
7,600 SF
LEASE COMMENCEMENT May 27, 2005
LEASE EXPIRATION May 30, 2025
LEASE TERM REMAINING ~8 Years
RENEWAL OPTIONS 4 x 5 Years
RENT INCREASES 10% Increase in 2020
Absolute Triple Net (NNN)
LEASE TYPE
Ground Lease
USE Auto Parts
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Tenant’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
RIGHT OF FIRST REFUSAL Yes
11
12 Actual Property ImageRENT ROLL
TENANT SQUARE % OF MONTHLY RENT / INCREASE LEASE LEASE
OPTIONS
NAME FOOTAGE TOTAL BASE RENT SF DATES BEGIN END
AutoZone 7,600 SF 100% $3,025 $0.40 10% in 2020 & At Options 05/27/2005 05/30/2025 4 x 5 Years
12
13 Actual Property ImageCONFIDENTIALLY AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed
only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the
written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,
with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and
square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the
compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business
prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted
any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness
of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents
are of confidential nature, that you will hold and treat it in the strictest confidence and
that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release
Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
or liability arising out of your investigation and/or purchase of this property.
14Exclusively Marketed By:
John Kerr
Lic. # 01996892
424.228.1718 | DIRECT
jkerr@SIGnnn.com
John Cigliano
Lic. # 01944544
310.853.1353 | DIRECT
john@SIGnnn.com
Sands Investment Group
2701 Ocean Park Blvd, Suite 140
Santa Monica, CA 90405
844.4.SIG.NNN
www.SIGnnn.com
In Cooperation with Sands Investment Group Tennessee, LLC
BoR: Kaveh Ebrahimi – Lic # 344496 Actual Property ImageYou can also read
