FedEx Ship Center
2221 W Jackson St
Cookeville, TN 38501
FOR SALE
Property Type:
WarehouseAmount:
$2,950,000
Last Verified:
Jan 20, 2024Highlights
- 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