First Watch Absolute NNN
New
For Sale
Contact for pricing
1115 Interstate Drive, Cookeville, TN 38501
Fee simple ownership includes the land and building under an absolute NNN lease.
Property SizeContact for details
Days on Market4
Property Features for 1115 Interstate Drive
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 2:46PM
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 SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
This offering combines fee simple ownership of the land and building with an absolute NNN lease to First Watch, Inc. The recently executed lease carries a 15-year initial term and places landlord responsibilities at zero under the stated structure.
The agreement includes 3 additional 5-year extension options. Contractual rent increases of 10% occur every 5 years during the initial term and again at the start of each option period, providing a defined escalation schedule over the lease term.
The agreement includes 3 additional 5-year extension options. Contractual rent increases of 10% occur every 5 years during the initial term and again at the start of each option period, providing a defined escalation schedule over the lease term.
Key Highlights
- Fee simple ownership of the land and building
- Absolute NNN lease with zero landlord responsibilities
- First Watch, Inc. lease has a 15‑year initial term
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple ownership includes the land and building under an absolute NNN lease.
Where is this nnn property located?
The property is located at 1115 Interstate Drive Cookeville, TN.
What is the asking price?
The asking price for this property is $4,620,000.
What are key features of this property?
This property features: Fee simple ownership of the land and building; Absolute NNN lease with zero landlord responsibilities; First Watch, Inc. lease has a 15‑year initial term
