2221 W Jackson St - Warehouse FOR SALE
Cookeville, TN 38501 |
2221 W Jackson St
Cookeville, TN 38501
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
FedEx
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution, Truck Terminal
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
UTILITIES
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CLEAR CEILING HT
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DOCKS
4
DRIVE INS
3
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
054D A 03400000
