Red Lobster

For Sale

1410 Interstate Dr, Cookeville, TN 38501

This Cookeville property for sale is located at 1410 Interstate Dr. The general use of Red Lobster is retail and it incorporates 4,077 square feet of class B retail space. The current listed sale price for Red Lobster is $2,600,000. Red Lobster is situated on a lot that is 1 acre in size.

Contacts

Hunter Rupp

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Street Retail
  • Property Size 4,077 SF
  • Units 1
  • Lot Size 1 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1995
  • Date Updated Nov 11, 2026
Situated on Interstate Drive at Exit 287, Cookeville’s dominant retail and hospitality node, with strong interstate visibility along I-40 between Nashville and Knoxville.1410 Interstate Dr offers a well-positioned 4,088 SF retail opportunity designed to appeal to investors seeking a visible, easily accessible commercial asset. The property features a functional footprint suited to a variety of retail uses, with strong exterior presence and prominent frontage along a major commercial corridor. Its compact size supports efficient occupancy and management, while the site’s interstate visibility enhances branding potential. This is an attractive acquisition for an investor looking for a versatile retail property with long-term leasing appeal and value-add potential in a proven commercial setting.
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Highlights

  • 1.0-Acre Site. Built in 1995, zoned CG, with ample on-site parking.
  • 12+ Years Remaining. Lease runs through 7/31/2039 with four (4) 5-year renewal options.
  • Absolute NNN Lease. Tenant responsible for taxes, CAM, insurance, roof and structure zero landlord responsibilities.
  • Built-In Rent Growth. 3.00% annual increases beginning after 6/30/2029. Average Cap Rate over the base Term results in a 6.471% Cap Rate.
  • National Co-Tenancy. Neighbors include Publix, Chick-fil-A, Olive Garden, Outback, Texas Roadhouse, Chipotle, and Raising Cane's.
  • Nationally Recognized Tenant. Red Lobster Restaurants, LLC operating a 4,077 SF freestanding seafood restaurant.
  • Outstanding Fundamental Real Estate. Located in a Tax Free State within a Rapidly Growing Market.

Getting around

  • 51/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cookeville, TN
  • Zip Code 38501
  • Market Nashville

Points of Interest

  • Blink

    0.48 miles

  • Pilot Travel Center

    0.52 miles

  • BP

    0.55 miles

  • Marathon

    0.59 miles

  • Shell

    0.59 miles

  • Carter and Carter Petro

    0.75 miles

  • Exxon

    0.82 miles

  • Murphy USA

    0.82 miles

  • Gulf

    0.87 miles

  • Red Lobster

    0.00 miles

  • Romo's Mexican Restaurant and Cantina

    0.03 miles

  • Fazoli's

    0.04 miles

  • O'Charley's

    0.08 miles

  • Outback Steakhouse

    0.10 miles

  • Logan's Roadhouse

    0.10 miles

  • Chili's

    0.12 miles

  • Golden Corral

    0.13 miles

  • Buffalo Wild Wings

    0.13 miles

  • Panda Express

    0.13 miles

  • Publix

    0.29 miles

  • Ross

    0.34 miles

  • JCPenney

    0.68 miles

  • Cookeville Mall

    0.72 miles

  • Big Lots

    0.91 miles

  • Institutional Wholesales

    0.92 miles

  • Walmart Supercenter

    0.98 miles

  • Willow Tree Shopping Center

    1.12 miles

  • Kroger

    1.27 miles

  • ALDI

    1.32 miles

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