FedEx Ship Center
$2,950,000
2221 W Jackson St, Cookeville, TN 38501
For Sale
Industrial
Warehouse
Active
Last Updated: 03/18/2026
4.31
Cap Rate
127,175
NOI
Details:
Cap Rate: 4.31%
NOI: $127,175
Building Size: 24,499 sqft
Lot Area: 2.57 acres
Occupancy: 100%
Year Built: 1973
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
- STABLE MARKET | $60,000+ INCOME IN 5-MILE RADIUS
- RETAILERS IN IMMEDIATE VICINITY INCLUDE: WALMART, MENARD’S, FEDEX, MCDONALD’S, , BURGER KING, TACO BELL, DOLLAR GENERAL, ADVANCE AUTO PARTS, AUTOZONE, TRACTOR SUPPLY COMPANY, TIM HORTON’S, DOLLAR TREE, ETC.
Description:
FedEx (S&P BBB) Ship Center located in Cookeville, TN.
Cookeville, TN (Tax Free State)
Location
