Investment Grade Credit Tenant: FedEx Corporation (NYSE: FDX) – Corporate Guaranteed Leases – All properties are leased by Federal Express Corporation (Standard & Poor’s “BBB” Bond Credit Rating), the world’s largest express transportation company providing a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively under the FedEx brand. Headquartered in Memphis, TN, Federal Express Corporation has a $4.75 Billion net worth and ranks #58 on the list of Fortune 500 companies with more than $47 Billion in annual revenue.
Rare Portfolio Offering – Last Mile Distribution Centers in Quality Markets – Offered Free & Clear – This investment offers a rare opportunity to acquire (9) quality Federal Express “Last Mile” Distribution centers in quality markets across the U.S. The portfolio is being offered free and clear of existing debt. (See Broker for details on new available financing.)
Weighted Average Lease Term of 6.93 Years – Passive Long-Term Hold Investments – Multiple Lease Extensions – The weighted average lease term of all of the properties is 6.93 years. Additionally, each location has demonstrated a significant operating history and multiple lease extensions, providing an investor with a high likelihood of continued long-term tenancy and future lease renewals.
Real Estate Advantage – Located Along/Near Major Travel Arteries/Interstates – The properties offer excellent locations in quality markets. Each property is ideally situated along heavily-trafficked travel arteries near highways and major interstate corridors, offering outstanding access to nearby airports and proximity to nearby major cities.
Below Market FedEx Express Rents – On average, each FedEx location’s current lease rate is below market for similar distribution centers in each respective market.