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1843 Foreman Dr Cookeville, TN 38501

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Two-story office building with government tenants and long-term lease.

Type:Office
Property size:
27,442 SF
Lot size:
2.50 Acres
Added:
Oct 17, 2024
Days on Market:
552
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 1843 Foreman Dr

General Information

Standard status
Active
Size
27,442 SF
Lot size
2.50 Acres
Property subtype
Office

Building Details

Year Built
2008

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Listing Contact
Jordan Uttal

Listing agent Jordan Uttal License #CA 01512755

Listing office JTU Net Lease Group

Listing date Oct 17, 2024

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 JTU Net Lease Group


Overview

Cookeville Office Building For Sale

Freedom Plaza, an office building located at 1843 Foreman Dr in Cookeville, Tennessee, is available for sale. Constructed in 2008, this two-story building contains 25,737 square feet and is situated on a 2.5-acre lot with over 135 surface parking spaces. The anchor tenant, the State of Tennessee, occupies 73% of the building and will commence a new 10-year lease on January 1, 2025. Government tenants account for 90% of the rental income. The property is located within 3 miles of major national retailers, including Walmart, Sam’s Club, Lowe’s, Chick-fil-A, Publix, AMC, Cracker Barrel, Arby’s, and Hardee’s. It is also within walking distance of the Holiday Inn Cookeville and near Interstate 40 and Willow Ave, Cookeville’s main thoroughfare.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

DaVita Interstate Drive ... Medical Clinic XI Properties Property Management Company Action Marketing Events Advertising Agency Evergreen Homebuilder General Contractor Jackson Real Estate Real Estate Agency

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Cookeville
County
Putnam
State
Tennessee
Longitude
-85.5282713
Latitude
36.1405466

FAQs

What type of property is this?
Office building - Two-story office building with government tenants and long-term lease.
Where is this office building located?
The property is located at 1843 Foreman Dr Cookeville, TN.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: Anchor tenant is the State of Tennessee (73% occupancy) with a AAA credit rating and a new 10‑year lease starting January 1, 2025.; 90% of rental income is from government tenants.; Located near Interstate 40 and Cookeville's main thoroughfare (Willow Ave).
More about this property
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