FedEx Regional Distribution Facility
Birmingham, AL
Price: $4,875,000Cap Rate: Building SF: 57,016 SFLot Size: 7.2 AcresYear Built: 2002Status:
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Investment Highlights:

NNN Lease with 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 10.5 year lease early extension which commenced June 1, 2015. The triple-net (NNN) 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 13 years. Recent renovations include repainted building exterior in 2012, new space heaters installed in the warehouse, and restriping of all interior parking slots in the warehouse.

Strategic Location Along Industrial Corridor -The site is a regional express ship center, located adjacent to a 110,000 SF FedEx Ground facility, both of which support the greater Birmingham MSA area. Centrally located in a strong industrial corridor between Interstates 20, 499 and 59, the site offers quick access to Downtown Birmingham and is just minutes from the Birmingham-Shuttlesworth International Airport.

Excellent Demographics – The Birmingham area has seen strong population growth of 26% in the last decade and the unemployment rate of 5.4 outpaces the U.S. average of . There are nearly 75,000 people within a 5-mile radius of the subject property with an average HH income over $64,000.

 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977