FedEx Express | Last Mile Distribution Facility
1850 Southwest 42nd Street Topeka, KS 66609
Price: $1,400,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 1986
NOI: $110,000
Lot Size: 2.23 acres
Price Per Foot: $91
SF: 20,000
Remaining Term: 5+ Years
Lease Type: Double-Net (NN)
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 Topeka, KS (the “Property”). Built in 1986 as a build to suit for FedEx, the Property consists of a 20,000-square-foot building that sits on an approximately 2.23-acre parcel. The building features (4) drive-in loading doors, expansive parking, and multiple entrances to the property.
FedEx has been operating at this location for over 37 years and extended their lease an additional 5 years in 2023, demonstrating their
commitment to the site. The double-net lease rent is flat throughout the term and has (1) 5-year renewal options available at fair market rent.