FedEx Ship Center
Industrial | 5.15% CAP | 39,056 SqFt
Marketing description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, FedEx Ship Center investment property located in Scottsdale, Arizona (Phoenix-Mesa-Scottsdale MSA). The tenant recently renewed the lease for an additional 5 years with 2 (5-year) options to extend, demonstrating their long term commitment to the site. The lease features rare 3% annual rental increases throughout the remaining term and option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment for a passive investor.
Investment highlights
Corporate Signed | Recent 5 Year Lease Renewal | Annual Rental Increases | Investment Grade Tenant
NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Close Proximity to Downtown/Sky Harbor Airport | Nearby National/Credit Tenants | Only FedEx in Scottsdale
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
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