Investment Grade Credit Tenant – The lease is corporate guaranteed by FedEx Corporation (S&P: BBB), the largest express transportation company in the world, with FY 2014 Revenue of $46 billion.
Steady Income with Minimal Responsibilities – FedEx just signed a new 10 year lease early extension which commences February 1, 2016. The lease offers an investor a decade of solid income with minimal responsibilities.
Commitment to Site – Long Operating History -This location was constructed as a Build-to-Suit for FedEx Express, which has been operating at this location for 21 years.
Strategic Location – Proximity to Downtown Cincinnati – The site is a regional express ship center which supports the greater Cincinnati MSA. It is centrally located within Cincinnati’s Central Industrial submarket, along Interstate 75 (153,000 cpd), one of the main north-south transportation corridors in the U.S. and is just 21 miles from Cincinnati/Northern Kentucky International Airport.
New Development – Dynamic Region – Nearly $3.5 Billion has been invested in Cincinnati’s urban core, with exciting new projects such as The Banks and Smale Riverfront Park, which will link entertainment venues and connect the Central Business District to the waterfront, with new apartments, retail, restaurants, and offices.
Strong Demographics – The property is surrounded by a dense commercial and residential population, with over 284,000 residents within a 5-mile radius of the site with an average HH income of $62,000.