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Starbucks 1105 Interstate Dr 1,850 SF Retail Building Cookeville, TN 38501 $1,999,000 ($1,080.54/SF) 6.12% Cap Rate
Investment Highlights
- Well Positioned Along Cookeville’s Primary Retail Corridor
- Strong Interstate Visibility and Access to I-40
- Long-Standing Operating History at the Site
- Strong Consumer Demand and Regional Draw
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,850 SF
Building Class
A
Year Built
2006
Price
$1,999,000
Price Per SF
$1,080.54
Cap Rate
6.12%
NOI
$122,252
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.00 AC
Opportunity Zone
Yes
Parking
24 Spaces (12.97 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 066-058.05 | Improvements Assessment | $140,200 |
| Land Assessment | $255,680 | Total Assessment | $395,880 |
Property Taxes
Parcel Number
066-058.05
Land Assessment
$255,680
Improvements Assessment
$140,200
Total Assessment
$395,880
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