- For Sale $2,950,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 24,499 SF
- Lot Size 2.57 Acre
- Property Tenancy Single Tenant
- Year Built 1973
- Year Renovated 1981
- Date Updated Jan 20, 2024
- HVAC None
Cookeville, TN (Tax Free State)FedEx (S&P BBB) Ship Center located in Cookeville, TN.
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Highlights
- OVER 7 YEARS REMAINING | NET-LEASED FEDEX SHIP CENTER
- MINIMAL RESPONSIBILITIES | DOUBLE NET STRUCTURE
- (2) 5-YEAR OPTIONS WITH FMV RENT INCREASES EACH OPTION
- FEDEX (S&P BBB) CORPORATE GUARANTEE
- FEE SIMPLE ASSET | DELIVERED FREE & CLEAR
- LOCATED IN TENNESSEE | INCOME TAX FREE STATE
- BRAND NEW ROOF REPLACED IN 2021
- LONG TERM OCCUPANCY | OVER 23 YEARS AT SITE
- BELOW MARKET RENTS | FEDEX PAYING $5.19 PSF
- SITUATED ON 2.57-ACRE LOT | 24,449-SQUARE FOOT BUILDING
- NO IMMEDIATE COMPETITION IN VICINITY
- COOKEVILLE TN | ONE OF THE FASTEST GROWING CITIES
- STRONG DEMOS | 51,000+ PEOPLE IN 5-MILE RADIUS
- STABLE MARKET | $60,000+ INCOME IN 5-MILE RADIUS
- RETAILERS IN IMMEDIATE VICINITY INCLUDE: WALMART, MENARD’S, FEDEX, MCDONALD’S, , BURGER KING, TACO BELL, DOLLAR GENERAL, ADVANCE AUTO PARTS, AUTOZONE, TRACTOR SUPPLY COMPANY, TIM HORTON’S, DOLLAR TREE, ETC.
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Contacts
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
(248) 226-1610
Location
Getting Around
-
Walk Score ®
Car-Dependent (13) -
Bike Score ®
Somewhat Bikeable (20)
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- City Cookeville, TN
- Zip Code 38501
Points of Interest
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Sunoco
0.12 miles
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BP
1.17 miles
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Shell
1.18 miles
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Citgo
1.53 miles
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Mapco
1.53 miles
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Shell
1.61 miles
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Marathon Gas
1.75 miles
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Shell
1.95 miles
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Phillips 66
2.08 miles
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Gulf
2.23 miles
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TJ Maxx
1.45 miles
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Kohl's
1.46 miles
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Belk
1.56 miles
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Food Lion
1.66 miles
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Leo's Spring Street Supermarket
1.71 miles
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Institutional Wholesales
1.88 miles
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Willow Tree Shopping Center
1.91 miles
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Dollar General Market
2.25 miles
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IGA
2.34 miles
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Kroger
2.41 miles
Contact Listing Broker
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
(248) 226-1610
