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32920972
32920971

1105 INTERSTATE DR, COOKEVILLE, TN 38501-4133

SR
TN 376982
Robbins Properties
MR
KY 198382, TN 216285 (+1)
Robbins Properties Nashville
Listed by Robbins Properties, Robbins Properties Nashville
$1,999,000
11 days on market
Updated 6 days ago
Opportunity zone

1105 INTERSTATE DR COOKEVILLE TN 38501-4133

Details
APN 066 05805
Property Type Retail
Square Footage 1,872
Units 1
Cap Rate 6.12%
NOI $122,252
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN+
Rent Bumps Yes
Lease Options 3 Remaining Options
Price per SqFt $1,068
Year Built 2006
Stories 1
Lot Size (SqFt) 35,294
Parking Spaces 24 spaces
Parking Per SqFt 12.82
Investment Type Stabilized
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No

Investment Grade Credit | Top Performing Location | Long-Term Lease

Marketing description

Starbucks at 1105 Interstate Drive, Cookeville, TN 38501 presents a compelling single-tenant net lease investment opportunity in one of Middle Tennessee’s strongest regional retail corridors. This 1,850 SF freestanding asset sits on 0.81 acres with 24 parking spaces and benefits from outstanding visibility near I-40, with traffic counts of approximately 12,909 VPD on Interstate Drive and 23,410 VPD on S Jefferson Ave. The property is leased to Starbucks, an investment-grade corporate tenant, through April 30, 2031, with three 5-year renewal options and scheduled 10% rent increases every 5 years in the option periods and every 6 years during the base term. Positioned in a dense commercial trade area surrounded by major national retailers including Walmart, Lowe’s, Kroger, Publix, Sam’s Club, and numerous hotels and restaurants, the site draws from a growing 5-mile population of 53,261 and average household income of $80,897. A high-performing location with strong consumer traffic, this is a trophy Starbucks asset in a thriving university and healthcare-driven market.

Listing Contacts

SR
TN 376982
Robbins Properties
MR
KY 198382, TN 216285 (+1)
Robbins Properties Nashville
Listed by Robbins Properties, Robbins Properties Nashville

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$122,252.40
$10,187.70/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
Sam Robbins
License
376982
Brokerage
Robbins Properties
Title
Associate Broker
Brokerage Address
3100 West End Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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