FedEx Distribution Facility | Absolute NNN Lease
3320 Robertson Rd Tyler, TX 75701
Price: $2,725,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 1995
NOI: $150,834
Lot Size: 3.45 acres
Price Per Foot: $103
Lease Type: Fee Simple
Remaining Term: 7 years
GLA: 26232 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land & building) in a FedEx Express investment property located in Tyler, TX (the “Property”). Built in 1995 as a build to suit for FedEx, the Property consists of a 26,232-square-foot building that sits on an approximately 3.45-acre parcel. The building features (8) loading doors and expansive parking.
investment highlights
- FedEx has been operating at this location for 22 years and recently extended their lease an additional 10 years (extension commenced December 1, 2018), demonstrating their commitment to the site. Additionally, the double-net lease features a rent increase of 7% in Year 6, and has (2) 5-year renewal options available.
- The lease is guaranteed 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, FedEx ships to more than 200 countries and territories using air, ground and sea networks to link more than 99% of the world’s GDP. In 2018, FedEx reported revenues of over $65 billion and an approximate net worth of $4.57B. - Situated on a large 9.3-acre parcel, this FedEx Express distribution facility is located less than 2 miles from Interstate 94 for quick access to downtown Milwaukee and beyond. Additionally, the property is strategically located just 1 mile from the Waukesha County Airport, Wisconsin’s busiest general aviation airport.
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