Contacts
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
(248) 226-1610
Property Details
- 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
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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.
Getting around
-
13/100
Walk Score ®
-
20/100
Bike Score ®
Location
- City Cookeville, TN
- Zip Code 38501
Points of Interest
-
Sunoco
0.12 miles
-
BP
1.17 miles
-
Shell
1.18 miles
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Citgo
1.53 miles
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Mapco
1.53 miles
-
Shell
1.61 miles
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Marathon Gas
1.75 miles
-
Shell
1.95 miles
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Phillips 66
2.08 miles
-
Gulf
2.23 miles
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ZIPS
1.90 miles
-
Enterprise
2.25 miles
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Ultra Pro Car Wash
2.88 miles
-
The Winner's Choice Car Wash
3.01 miles
-
American Car Wash
3.05 miles
-
Fiesta Cancun Grill
1.32 miles
-
Wendy's
1.51 miles
-
Bravo Cafe and Grill
1.51 miles
-
Miniburger
1.53 miles
-
Zaxby's
1.53 miles
-
Pizza Hut
1.56 miles
-
Cinco Amigos
1.57 miles
-
Pharaoh's Grill
1.57 miles
-
Cleopatra Hookah Cafe and Grill
1.60 miles
-
Subway
1.61 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
(248) 226-1610
