Transfer Flow | Industrial Vacancy Rate | NN+ Lease | Strong Demand for Industrial Properties | FOR SALE

Highlights:

• Strong Submarket Fundamentals - “The Cookeville-Putnam County Chamber of Commerce in 2021 noted the industrial vacancy rate in Putnam County was approximately 1.5% at the time of the report. This indicates a very low vacancy level in the area, which suggests a strong demand for industrial properties in Cookeville and the surrounding region.”
• The tenant recently signed a 5-year original lease. Passive Lease – Transfer Flow is operating on a NN+ lease with landlord responsible for roof, HVAC and structural elements of the property. They have over 4 years remaining on their original lease term with 2% annual rent increases and 2, 3-year options to renew.
• High Quality Facility – This single-story industrial building has been professionally maintained and features 4 grade-level doors, 1 dock door, and 20’ clear height.
• Strong Demographics – Within the surrounding 5-miles, the population is projected to grow steadily over the next 5 years, and boasts over $456.9M in consumer spending.
• Irreplaceable Location – The property is located near the heavily trafficked Highway 111 and is central to Nashville and Knoxville.

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