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28230979
28230933

4952 Lakeway Dr, College Station, TX 77845

JP
GA GA 313490, WV WVB210300721
Northmarq Capital, LLC
CC
GA 351024
Northmarq - Nashville
BR
SL3208865
Northmarq
Listed by Northmarq Capital, LLC, Northmarq - Nashville, Northmarq
$11,017,732
207 days on market
Updated 145 days ago

FedEx Ship Center

Details
Property Type Industrial
Sub Type Distribution
Square Footage 44,342
Net Rentable (SqFt) 44,342
Units 1
Cap Rate 5.6%
NOI $616,993
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NN
Lease Term 15
Lease Expiration 09/30/2035
Remaining Term 9.3
Rent Bumps Yes
Lease Options 2, 5-Year Options
Price per SqFt $248
Year Built 2020
Buildings 1
Stories 1
Acreage 7.200
Zoning M-1, Light Industrial
Investment Type Net Lease
Lease Commencement 09/21/2020
Loading Docks 22
Dock High Doors 1
Ownership Fee Simple

Fortune 500 Company | Investment-Grade Corporate Lease | Passive NN Lease Structure

Marketing description

Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in the FedEx Ship Center located at 4952 Lakeway Drive in College Station, Texas (the “Property”). A build-to-suit facility constructed in 2020, the Property encompasses 44,342 square feet on 7.20 acres, positioned within the Business Center at College Station development along Texas State Highway 6. FedEx relocated to this facility after outgrowing a smaller and outdated facility that was about three and half times smaller. The lease, which offers roughly 10 years of base term remaining to be followed by two, fiveyear options, is fully backed by the Federal Express Corporation and is Landlord-favorable with responsibility limited to roof and structural components. The Property is located just six miles from the campus of Texas A&M University (the largest college in the U.S. by enrollment) and will be a beneficiary of College Station’s rapid growth – often cited among the fastest-growing cities in the entire country. Additionally, its positioning within the Texas Triangle where real estate (especially quality industrial assets) is in heavy demand provides for an exceptional investment opportunity with unparalleled residual value.

Investment highlights

  • Best-in-Class, Investment-Grade, Fortune 500 Tenant

  • 2020 Built-to-Suit Facility

  • Tenant Relocation to Meet Demand

  • Long-Term, Passive NN Lease

  • 6 Miles from Texas A&M University

  • Rapidly Expanding Market Within Texas Triangle

  • Frontage on Texas Hwy 6

Listing Contacts

JP
GA GA 313490, WV WVB210300721
Northmarq Capital, LLC
CC
GA 351024
Northmarq - Nashville
BR
SL3208865
Northmarq
Listed by Northmarq Capital, LLC, Northmarq - Nashville, Northmarq

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$616,993.00
$51,416.08/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Jim Gibson
License
TX Lic. #392926
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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