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    Freestanding Single-Tenant Retail Lease Title is generated by Realmo AI

    1105 INTERSTATE DR, Cookeville, TN 38501

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    Freestanding Starbucks net lease with term through April 30, 2031 and multiple renewal options.

    Type:Retail
    Property size:
    1,872 SF
    Lot size:
    0.81 Acres
    Price / SF:
    $1,067/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:15 am

    Property Features for 1105 INTERSTATE DR

    General Information

    Standard status
    Active
    Size
    1,872 SF
    Lot size
    0.81 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Sam Robbins

    Listing agent Sam Robbins License #376982

    Listing office Robbins Properties

    Listing date May 27, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Robbins Properties

    HighLights

    • 1,850 SF freestanding single‑tenant Starbucks on 0.81 acres in Cookeville, TN
    • Leased to Starbucks through April 30, 2031 with three 5‑year renewal options
    • 10% rent increases scheduled every 5 years during option periods and every 6 years during the base term
    • 24 on‑site parking spaces
    • Visibility near I‑40 with traffic counts of approx. 12,909 VPD on Interstate Drive and 23,410 VPD on S Jefferson Ave

    Overview

    Starbucks at 1105 Interstate Dr in Cookeville, TN is a freestanding, single-tenant retail property offered on a net lease basis. The site totals approximately 1,872 SF and is set on 0.81 acres with 24 on-site parking spaces, designed to support direct customer access and convenient daily operations. The property is leased to Starbucks, with occupancy in place through April 30, 2031.

    The asset is positioned along Interstate Drive near I-40 and benefits from visibility to approximately 12,909 VPD on Interstate Drive and approximately 23,410 VPD on S Jefferson Ave. The surrounding commercial area includes major national retailers such as Walmart, Lowe’s, Kroger, Publix, and Sam’s Club, along with hotels and restaurants.

    For investors seeking a stabilized, corporate-guaranteed retail stream, this offering provides a long lease term and defined extension mechanics. The lease includes three 5-year renewal options, with scheduled rent increases of 10% every 5 years during the option periods and every 6 years during the base term. The property’s single-tenant structure simplifies oversight while maintaining a durable tenant footprint in a regional retail corridor.
    Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Starbucks — 1105 Interstate Dr, Cookeville, TN 38501
    • Longhorn Coffee Bar Cookeville Tn — 801 S Jefferson Ave, Cookeville, TN 38501
    • 7 Brew Coffee — 1200 Interstate Dr, Cookeville, TN 38501

    Location Insight

    • Map
    • Local Demand
    City
    Cookeville
    County
    Putnam
    State
    Tennessee
    Longitude
    -85.5057299
    Latitude
    36.1386197

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    FAQs

    What type of property is this?
    Coffee shop - Freestanding Starbucks net lease with term through April 30, 2031 and multiple renewal options.
    Where is this coffee shop located?
    The property is located at 1105 INTERSTATE DR Cookeville, TN.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: 1,850 SF freestanding single‑tenant Starbucks on 0.81 acres in Cookeville, TN; Leased to Starbucks through April 30, 2031 with three 5‑year renewal options; 10% rent increases scheduled every 5 years during option periods and every 6 years during the base term
    (615) 301-6570 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Robbins
    Real Estate License ID: 376982
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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