870 S Jefferson Ave - Restaurant FOR SALE


Cookeville, TN 38501
$2,912,621 USD
332-345-4222
870 S Jefferson Ave, Cookeville, TN for Sale
$2,912,621 USD
Restaurant - FOR SALE
1/2
null | 5.15% Cap Rate

870 S Jefferson Ave
Cookeville, TN 38501


HIGHLIGHTS

  • Strategic Positioning Between the #1 Nationally Ranked Lowe’s and a 96th Percentile Walmart
  • Strong Surrounding Tenant Performance Among National Coffee Brands
  • Strong Corporate Guarantee
  • New Construction

OVERVIEW

Surmount is pleased to present the exclusive listing for a Dutch Bros located at 870 S Jefferson Avenue, Cookeville, TN 38501. The site consists of roughly 950 rentable square feet of building space on an estimated 0.60-acre parcel of land. This Dutch Bros is subject to a 15-year Triple Net (NNN) lease which will commence upon business opening. The annual rent will be $150,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,912,621 USD

PRICE/SF

$1,486 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

066-030.01

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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

Glen KunofskySurmountMore Info
332-345-4222

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