FEDEX Express Distribution Facility | Central Northeast Location
675 Clark Dr, Budd Lake, Mount Olive Township NJ 07828
Price: $4,100,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 1993
NOI: $248,386
Lot Size: 7.60 acres
Price Per Foot: $111
Lease Type: Double-Net (NN)
Remaining Term: 3+ Years
GLA: 36789 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 Budd Lake in Mount Olive Township, NJ (the “Property”). Built in 1993 as a build to suit for FedEx, the Property consists of a 36,789-square-foot building that sits on an approximately 7.60-acre parcel. The building features (7) loading doors and expansive parking.
FedEx has been operating at this location for over 27 years and extended their lease an additional 10 years in 2013, demonstrating their commitment to the site. Additionally, the double-net (NN) lease features (1) 5-year renewal option.