United Rentals Flex
For Sale
Contact for pricing
1830 Foreman Drive, Cookeville, TN 38501
United Rentals investment property with long-term lease history and flex/warehouse space off Interstate 40.
Property Size6,600 SF
Price / SF$215
Days on Market54
Property Features for 1830 Foreman Drive
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Retail, Industrial
Building Details
Year Built
2001
Listing Agency:
NX3 Commercial Group
Listed By:
Joshua Symonette · License #FL SL3361739
Source:
Crexi
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 4 at 2:20PM
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 NX3 Commercial Group
Investment Insights
Based on property information with market context.
This flex/warehouse property is offered for sale as a single-tenant investment with an established operating history. The site has supported over 24 years of United Rentals operations, and the lease was recently extended by an additional five years, reflecting tenant longevity at the location. The building provides flex and warehouse space totaling approximately 6,600 square feet.
The property is positioned along Interstate 40 between Nashville and Knoxville, placing it on one of Tennessee’s primary transportation and commercial corridors. The surrounding area includes a recently announced retail development, “The Willows,” totaling approximately 148,000 square feet and anchored by Target and Home Depot.
For prospective investors, the offering combines a corporate equipment rental tenant with demonstrated site continuity through the extended lease term. The property’s mix of flex and warehouse space supports the operational needs of an established industrial services user, while its corridor access can be advantageous for distribution and service-oriented activity tied to the I-40 market.
The property is positioned along Interstate 40 between Nashville and Knoxville, placing it on one of Tennessee’s primary transportation and commercial corridors. The surrounding area includes a recently announced retail development, “The Willows,” totaling approximately 148,000 square feet and anchored by Target and Home Depot.
For prospective investors, the offering combines a corporate equipment rental tenant with demonstrated site continuity through the extended lease term. The property’s mix of flex and warehouse space supports the operational needs of an established industrial services user, while its corridor access can be advantageous for distribution and service-oriented activity tied to the I-40 market.
Key Highlights
- Year built 2001
- United Rentals (NYSE: URI) investment property with recently exercised 5‑year lease extension
- Over 24 years of operating history at the site
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.7k | $9.81 |
| − Vacancy | −$2.8k | −$0.43 |
| EGI | $61.9k | $9.38 |
| − OpEx | −$9.3k | −$1.41 |
| NOI | $52.6k | $7.97 |
6,600 SF · lease $9.81/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$751.6K
$657.7K – $876.9K
NOI $52,613 @ 7.0% cap · market cap 3.71%
Second Best
Industrial
$619.0K
$541.6K – $722.1K
NOI $43,328 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,676 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Hardwoods Smokehouse, LLC — 851-A S Willow Ave, Cookeville, TN 38501
Frequently Asked Questions
What type of property is this?
Flex space - United Rentals investment property with long-term lease history and flex/warehouse space off Interstate 40.
Where is this flex space located?
The property is located at 1830 Foreman Drive Cookeville, TN.
What is the asking price?
The asking price for this property is $1,419,015.
What are key features of this property?
This property features: Year built 2001; United Rentals (NYSE: URI) investment property with recently exercised 5‑year lease extension; Over 24 years of operating history at the site
