1346 College St
ActiveClarksville, TN 37040
$650,000.00
About This Property
Investment Opportunity! This property features three fully leased commercial buildings with a current cap rate of 4.64% and plenty of room for growth. The asset generates a strong and steady income stream with monthly rental income of $3,468 and annual rental income of $41,616, resulting in a Net Operating Income (NOI) of $30,138 per year. The existing lease runs through December 2028 and includes two additional 5-year extension options, providing long-term stability. With annual rental escalations of 2.5%, investors can enjoy built-in income growth over time. Don’t miss this rare opportunity to acquire a fully occupied investment property with consistent cash flow and long-term upside!
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Property Details
MLS Information
Based on information submitted to the MLS GRID as of 2025-10-18T08:23:03+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.
Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Property History
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Currently Listed
MLS# 2993830Currently active listing
1 month ago • Sep 12, 2025
36 days on market
$650,000.00
Sold
MLS# 2149289Property sold and closed
4 years ago • Dec 17, 2020
59 days on market
$449,000.00
Sold: $400,000.00
Originally: $475,000.00
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