- For Sale $2,600,000
- 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 Oct 30, 2026
Description
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.
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.
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Contacts
Hunter Rupp
Encore Real Estate Investment Services
Location
Contact Listing Broker
Hunter Rupp
Encore Real Estate Investment Services