230 E WALL ST

INVESTMENT HIGHLIGHTS

• Strong Submarket Fundamentals – “The Cookeville-Putnam County Chamber of Commerce in 2021 noted the industrial vacancy rate in Putnam County was approximately 1.5% at the time of the report. This indicates a very low vacancy level in the area, which suggests a strong demand for industrial properties in Cookeville and the surrounding region.”
• The tenant recently signed a 5-year original lease. Passive Lease – Transfer Flow is operating on a NN+ lease with landlord responsible for roof, HVAC and structural elements of the property. They have over 3 years remaining on their original lease term with 2% annual rent increases and 2, 3-year options to renew.
• High Quality Facility – This single-tenant industrial building has been professionally maintained and features 4 grade-level doors and 1 dock door.
• Strong Demographics – Within the surrounding 5-miles, the population is projected to grow steadily over the next 5 years, and boasts over $456.9M in consumer
  spending.
• Irreplaceable Location – The property is located near the heavily trafficked Highway 111 and is central to Nashville and Knoxville.