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United Rentals | 24+ Yr History | TN 1830 Foreman Dr 6,600 SF Retail Building Cookeville, TN 38501 $1,985,628 CAD ($300.85 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 24+ Years of Proven Operating History at the Site
- Strategic Location Along Tennessee's I-40 Growth Corridor
- Adjacent to The Willows: New Target & Home Depot Development
- Tenant Recently Exercised a New 5-Year Lease Extension
- Corporate Tenant: United Rentals (NYSE: URI)
- Positioned Between Nashville & Knoxville Regional Markets
Executive Summary
NEW LISTING | UNITED RENTALS | COOKEVILLE, TN
NX3 Commercial Group is pleased to exclusively offer the rare opportunity to acquire a United Rentals investment located along Tennessee's primary east-west transportation corridor. The tenant has successfully operated at this location for more than 24 years and recently exercised a 5-year lease extension, reinforcing long-term commitment to the site.
The property is strategically positioned just off Interstate 40 in Cookeville, TN, approximately 80 miles east of Nashville and 100 miles west of Knoxville. The surrounding trade area continues to experience significant commercial growth, including the recently announced 148,000 SF "The Willows" development featuring Target and Home Depot.
• United Rentals (NYSE: URI)
• 24+ Years Operating History
• Recent 5-Year Extension Exercised
• 5.49% Cap Rate
• Strategic I-40 Location
• Nashville–Knoxville Growth Corridor
• Strong Retail & Industrial Market Fundamentals
NX3 Commercial Group is pleased to exclusively offer the rare opportunity to acquire a United Rentals investment located along Tennessee's primary east-west transportation corridor. The tenant has successfully operated at this location for more than 24 years and recently exercised a 5-year lease extension, reinforcing long-term commitment to the site.
The property is strategically positioned just off Interstate 40 in Cookeville, TN, approximately 80 miles east of Nashville and 100 miles west of Knoxville. The surrounding trade area continues to experience significant commercial growth, including the recently announced 148,000 SF "The Willows" development featuring Target and Home Depot.
• United Rentals (NYSE: URI)
• 24+ Years Operating History
• Recent 5-Year Extension Exercised
• 5.49% Cap Rate
• Strategic I-40 Location
• Nashville–Knoxville Growth Corridor
• Strong Retail & Industrial Market Fundamentals
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,600 SF
Building Class
C
Year Built
2001
Price
$1,985,628 CAD
Price Per SF
$300.85 CAD
Cap Rate
5.50%
NOI
$109,210 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.16 AC
Opportunity Zone
Yes
Zoning
LM/C3
Parking
11 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
255’ on Foreman Drive
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 065E-B-004.00 | Improvements Assessment | $97,328 CAD |
| Land Assessment | $119,360 CAD | Total Assessment | $216,688 CAD |
Property Taxes
Parcel Number
065E-B-004.00
Land Assessment
$119,360 CAD
Improvements Assessment
$97,328 CAD
Total Assessment
$216,688 CAD
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United Rentals | 24+ Yr History | TN | 1830 Foreman Dr
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