Contacts
Barden Brown
GREA
(678) 894-2221
Ken Wellar
GREA
(215) 454-2879
Steffan Ramos
GREA
(305) 999-5155
Property Details
- Property Type Other
- Property Size 80,668 SF
- Units 77
- Year Built 2018
- Date Updated Apr 25, 2024
- Website main608.sharplaunch.com
Completed in 2018, Main 608 is a modern student community located in the heart of Downtown Clarksville and steps from Austin Peay State University’s campus. It is the closest off-campus student living complex to the University in the market.
Main608 is comprised of 77 units, with 156 bedrooms, offering students one-, two-, or three-bedroom options. Currently, the property is 99% occupied and 23% pre-leased for the 2024-25 academic year. The University maintains 11 residence buildings on campus providing accommodations for ±1,800 students. Roughly 15% of students live on campus leaving 85% of students in the private student housing market.
The recently constructed asset offers students private bathrooms, with all units having one-to-one bed/bath parity. The community has upscale amenities including a modern lounge area, private and group study rooms, a state-of-the-art fitness center, an outdoor patio, a rooftop terrace with panoramic views, and electronic building access. Leases are signed by each individual for specific bedrooms. The units feature furnished interiors, wood-style flooring, a common area flat-screen TV, refrigerator, dishwasher, microwave, stackable washers and dryers, and large, oversized windows. All utilities are included in the rent including electricity not to exceed $25 per lease.
Clarksville borders Kentucky and the Cumberland River. Just a short drive Northwest of Nashville, Clarksville is ideally located within the state. It has experienced strong market conditions in recent years. Tennessee is a business-friendly state and the economy has greatly benefited from the prime market conditions.
Main608 presents an excellent opportunity for an investor to acquire a solid-performing student housing asset in a thriving market.
Barden Brown | Tennessee Broker of Record | ID #279311 | 678.894.2221 | [email protected]
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Highlights
- Closest Off-Campus Asset to Campus: 0.12 miles of APs campus offering students the easiest commute to classes while also being in the heart of Downtown Clarksville
- Tax Incentive Financing Zone: Property is located in a tax incentive zone within the County and receives significant tax savings
- Strong Occupancy & Pre-Leasing: Rates 99% Occupied and 23% pre-leased for the 2024-25 school year
- Low Pipeline Delivery: No planned student housing properties in the pipeline; no student competitive properties delivering in 2024
- Positive Market Fundamentals: Employment rate increasing year-over-year; rent growth rising and vacancy at record lows in Clarksville
Attachments
Getting around
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Location
- City Clarksville, TN
- Neighborhood Clarksville
- Zip Code 37040
Points of Interest
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Hi-Lo
0.60 miles
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Mini mart
0.75 miles
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Speedway
1.75 miles
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Mapco Express
2.40 miles
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Walmart Fuel Center
2.82 miles
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Exxon
2.90 miles
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Kroger Fuel Center
2.93 miles
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Q-Pump
3.50 miles
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Kangaroo Express
3.78 miles
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Kroger
3.99 miles
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Lot 10
0.07 miles
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Lot 56
0.09 miles
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Lot 41
0.14 miles
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Lot 30
0.17 miles
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Lot 40
0.17 miles
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Lot 28
0.20 miles
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Lot 43
0.20 miles
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Lot 24
0.20 miles
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Lot 79
0.22 miles
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Lot 29
0.22 miles
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Riverview Inn
0.52 miles
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Edge of Town Motel
3.76 miles
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Econo Lodge & Suites
5.72 miles
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Home2 Suites by Hilton Clarksville/Fort Campbell
5.72 miles
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Comfort Suites
5.76 miles
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Candlewood Suites Clarksville
5.82 miles
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TownePlace Suites Clarksville
5.83 miles
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Country Inn & Suites
5.83 miles
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Courtyard by Marriott Clarksville
5.87 miles
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Days Inn Clarksville North
5.88 miles
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Publix
2.42 miles
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Walmart Neighborhood Market
2.75 miles
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Priceless IGA
2.89 miles
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Kroger
2.98 miles
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La Mexicana Mercado Y Taqueria
3.55 miles
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Mimi Asian Food Market
3.57 miles
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Walmart Neighborhood Market
3.75 miles
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Aldi
4.11 miles
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TJ Maxx
4.80 miles
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Walmart Supercenter
4.82 miles
In-Depth Research Available for this Property
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