FedEx Ship Center

2221 W Jackson St Cookeville, TN 38501

FOR SALE
Property Type:
Warehouse
Amount:
$2,950,000
Last Verified:
Sep 21, 2022

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.

Description

FedEx (S&P BBB) Ship Center located in Cookeville, TN.

Cookeville, TN (Tax Free State)


Year Built: 1973
Building Size: 24499sq ft
Lot Size: 2.57 acres

Map of 2221 W Jackson St , Cookeville, TN, 38501

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