FedEx Express | Adjacent to Rochester Airport
7800 Leqve Drive SW, Rochester MN 55902
Price: $15,026,000
Status: Hidden
Cap Rate: 5.75%
Year Built: 1999
NOI: $864,050
Lot Size: 8.71 acres
Price Per Foot: $226
Lease Type: Double-Net
Remaining Term: 6+
GLA: 66,525 sqft
Property Intro
Lee & Associates are pleased to exclusively offer for sale the Leasehold interest (building only) in a FedEx Express investment property located on the International Rochester Airport in Rochester, MN (the “Property”). Built in 1999 for Federal Express, the property consists of approximately 66,525-square-foot building that sits on an airport owned parcel of approximately 8.71 acre parcel. The building features (18) loading doors and (6) dock level doors and expansive parking at this mission critical FedEx facility.
The lease is guaranteed by Federal Express Corporation (Standard & Poor’s “BBB” Bond Credit Rating), the world’s largest express transportation company providing a board 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 2021, FedEx reported revenues of over $83 Billion.