- 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 Sep 16, 2026
- HVAC None
Description
Cookeville, TN (Tax Free State)FedEx (S&P BBB) Ship Center located in Cookeville, TN.
Highlights
- (2) 5-YEAR OPTIONS WITH FMV RENT INCREASES EACH OPTION
- BELOW MARKET RENTS FEDEX PAYING $5.19 PSF
- BRAND NEW ROOF REPLACED IN 2021
- COOKEVILLE TN ONE OF THE FASTEST GROWING CITIES
- FEDEX (S&P BBB) CORPORATE GUARANTEE
- FEE SIMPLE ASSET DELIVERED FREE & CLEAR
- LOCATED IN TENNESSEE INCOME TAX FREE STATE
- LONG TERM OCCUPANCY OVER 23 YEARS AT SITE
- MINIMAL RESPONSIBILITIES DOUBLE NET STRUCTURE
- NO IMMEDIATE COMPETITION IN VICINITY
- OVER 7 YEARS REMAINING NET-LEASED FEDEX SHIP CENTER
- 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.
- SITUATED ON 2.57-ACRE LOT 24,449-SQUARE FOOT BUILDING
- STABLE MARKET $60,000+ INCOME IN 5-MILE RADIUS
- STRONG DEMOS 51,000+ PEOPLE IN 5-MILE RADIUS
False
Contacts
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
Location
Contact Listing Broker
Simon Jonna
Colliers Birmingham (MI) - Jonna Group
