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24957619

250 Lottery Ln, Hines, OR 97738

AG
CA 01883944
Northmarq
ND
NC 335639, NC C39599
NorthMarq
Listed by Northmarq, NorthMarq
$2,749,003
317 days on market
Updated 31 days ago

FedEx Ground Package System, Inc

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 9,026
Cap Rate 6.35%
NOI $174,562
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NNN
Remaining Term 7.3
Rent Bumps Yes
Lease Options 3, 5-Year Options
Year Built 2018
Parking Spaces 35 spaces
Parking Per SqFt 3.88
Investment Type Net Lease
Ground Lease No
Loading Docks 2
Dock High Doors 2
Ownership Fee Simple

Industrial | 6.35% CAP | 9,026 SqFt

Marketing description

New Extended Lease - New 7.3 year NNN lease term through late 2033 with a 7% rent bump in 2028. 3 x 5-year renewal options thereafter.

100% Leased by FedEx Ground - FedEx Ground is a subsidiary of the world’s largest commerce provider, FedEx Corp., and its parent has an investment-grade credit rating of BBB from Standard and Poor’s.

Limited Landlord Responsibilities - The lease for the FedEx Ground facility is an Industrial NNN lease, which significantly limits the landlord's responsibilities to only the roof and structure.

100% Leased by FedEx Ground - FedEx Ground is a subsidiary of the world’s largest commerce provider, FedEx Corp., and its parent has an investment-grade credit rating of BBB from Standard and Poor’s.

Limited Landlord Responsibilities - The lease for the FedEx Ground facility is an Industrial NNN lease, which significantly limits the landlord's responsibilities to only the roof and structure.

Listing Contacts

AG
CA 01883944
Northmarq
ND
NC 335639, NC C39599
NorthMarq
Listed by Northmarq, NorthMarq

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,562.00
$14,546.83/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Matt Lipson
License
OR Broker Lic: #201225340
Title
Broker of Record
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