1105 Interstate Dr - Freestanding FOR SALE


Cookeville, TN 38501
$1,999,000 USD
615-473-7731
1105 Interstate Dr, Cookeville, TN for Sale
$1,999,000 USD
Freestanding - FOR SALE
1/7
null | 6.12% Cap Rate

1105 Interstate Dr
Cookeville, TN 38501


HIGHLIGHTS

  • Well Positioned Along Cookeville’s Primary Retail Corridor
  • Long-Standing Operating History at the Site
  • Strong Interstate Visibility and Access to I-40
  • Strong Consumer Demand and Regional Draw

OVERVIEW

This offering presents the opportunity to acquire a high-performing Starbucks property located at 1105 Interstate Drive in Cookeville, Tennessee. The property is leased to Starbucks Corporation through April 30, 2031, and features three (3) additional five-year renewal options with scheduled rental increases throughout the option periods. The asset benefits from strong underlying real estate fundamentals, including immediate proximity to Interstate 40, strong surrounding traffic counts, and a well-established retail corridor within the Cookeville market. According to Placer.ai, this location ranks in the Top 8% of Starbucks locations nationwide for visits, Top 6% in Tennessee for visits, and Top 7% in Tennessee by sales volume.

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$1,599 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

066-058.05

ASK ABOUT THIS PROPERTY

Mark RobbinsRobbins PropertiesMore Info
615-473-7731

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Mark RobbinsRobbins PropertiesMore Info
615-473-7731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.