Investment Highlights

Interior Value-Add Opportunity: New ownership will have the opportunity to add value to the property by upgrading the interiors with new countertops, black appliances, and LVT flooring.

Room to Grow Rents: Top of the market rents are achieving $250 more on 1 bed and over $400 more on 2 bed units than Chamberlain, leaving new ownership with rent growth potential. According to CoStar, Clarksville rent growth of over 3% is at a faster pace than many surrounding metros, including Nashville and Louisville.

Diverse Demand Drivers Base: Clarksville and the surrounding area is home to a diverse set of demand drivers, including:

• Austin Peay State University: 11,048 students; 860 jobs; TN’s fastest growing state university
• Governor’s Square Mall: 1.1 million SF; Dillard’s, Belk, Dick’s Sporting Goods; over 100 retailers
• Austin Square Shopping Center: 100,000 SF; At Home, TJ Maxx, Hobby Lobby 
• Tennova Healthcare: 270 beds; 1,150 jobs
• Oak Grove Racing Development: $200 million facility boasts 128 rooms, 1,300 game machines, 4 restaurants, 2 bars, a coffee shop, and multiple ballroom spaces.

Significant Capital Infused into Clarksville: Multiple major projects are contributing to the growing economic landscape in Clarksville, including:

• The CBE Group: $1.2 million call center; 500 jobs created
• Hankook Tire: $800 million facility; 800 jobs created
• Google Data Center: $600 million; 75 direct jobs created; Potential 1,000 additional indirect jobs
• LG Electronics: $360 million factory; 600 jobs created
• AtlasBX: $75 million plant; 200 jobs created
• Agero, Inc: $2 million expansion; 900 jobs created

3rd Largest Military Base: Fort Campbell has a $10.1 billion per year economic impact for Tennessee and provides over 58,000 direct and indirect jobs.

Top Ranked, Rapidly Growing City: Clarksville has seen rapid population and economic growth and has been highly ranked by multiple publications as a result

• #1 - Best Places to Live in America (money.com)
• #9 - Top MSA’s for Economic Strength (areadevelopment.com)
• 19.1% population growth from 2010-2019 outpacing the national (7.1%) and state (7.6%) average
• 67% wage growth from 2009-2019, beating the national average (49.6%) by a wide margin

Nearby Opportunity Zone Provides Attractive Development Incentive: Chamberlain is located less than a mile from one of Clarksville’s Opportunity Zones, providing a future roadmap for developers.