Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land and building) in a FedEx Ground distribution facility located in Alexandria, Louisiana (the “Property”). Built-to-suit for FedEx in 2015, the Property consists of an approximately 83,443-square-foot industrial distribution warehouse situated on a 10-acre parcel. The facility features 23 dock-high doors, four drive-in doors, 26-foot clear heights, approximately 5,572 square feet of office space, and 201 parking spaces. The Property is 100% leased to Federal Express Corporation, a subsidiary of FedEx Corporation (NYSE: FDX), a global leader in transportation, logistics, and express shipping services. FedEx operates in more than 220 countries and territories, employs over 500,000 people, and reported approximately $87.9 billion in revenue for fiscal year 2025. Federal Express Corporation carries an investment-grade credit rating of “BBB” from Standard & Poor’s.
FedEx recently exercised its first five-year renewal option, extending the lease through May 31, 2030, demonstrating its continued commitment to the location. The lease features a double-net (NN) structure, whereby the tenant reimburses the landlord for property taxes and insurance while maintaining the building's interior, mechanical systems, and landscaping. Landlord responsibilities are limited to the roof and structure. The lease also includes two additional five-year renewal options with 5% rental increases at the commencement of each option period, providing an investor with the opportunity for future income growth backed by an investment-grade corporate tenant. The facility's modern construction, substantial acreage, and specialized distribution infrastructure further support its long-term functionality within FedEx's logistics network.
The subject property is strategically located along Vandenberg Drive in Alexandria, Louisiana, with convenient access to Interstate 49, U.S. Highway 71, and major regional transportation infrastructure. The facility is approximately seven minutes from Alexandria International Airport, 11 minutes from Interstate 49, and 15 minutes from the Central Louisiana Regional Port, providing connectivity to air, highway, and river transportation networks. The surrounding trade area features a strong mix of industrial, commercial, and retail uses, including nearby distribution operations, manufacturing facilities, Alexandria Mall, and numerous national retailers. The Property benefits from a surrounding population of more than 84,000 residents within a five-mile radius, with approximately 51,000 employees and an average household income exceeding $81,000. Alexandria serves as a major commercial and logistics hub for Central Louisiana, supported by its strategic location along the Red River, established transportation network, and proximity to England Airpark, a 3,600-acre industrial and commercial development. These favorable market fundamentals, combined with the Property's proximity to critical transportation infrastructure, position the asset as an attractive long-term industrial investment opportunity.