Listed by Matthews
$7,233,300
FedEx Freight - Waite Park (St Cloud), MN
Details
APN 98.60672.0700
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 25,430
Net Rentable (SqFt) 25,430
Cap Rate 7%
NOI $506,331
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NNN
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps No
Lease Options Two, 5-Year Options
Price per SqFt $284
Broker Co-Op Yes
Year Built 1997
Year Renovated 2000, 2017
Buildings 1
Acreage 9.510
Investment Type Net Lease
Tenant Credit Credit Rated
Occupancy Date 08/01/1997
Ground Lease No
Dock High Doors 54
±5.5 Years Remaining | 7.00% Cap | Multiple Expansions and Renovations
Marketing description
FedEx Freight is a dominant player in the Less-Than-Truckload (LTL) industry, posting an industry leading $9.4B in revenue in FY ‘24.
The facility is the 2nd largest FedEx Freight facility in Minnesota and is positioned to serve St. Cloud and the Minneapolis-St. Paul MSA.
The site has seen multiple rounds of expansions and renovations, and now boasts over 50 dock doors and 6+ AC of fully paved, fenced, and secured truck courts and parking areas.
Investment highlights
Highly Functional Trucking Facility / Multiple Expansions
- Since its original construction in 1997, the facility has benefited from major expansions in 2000 and 2017, transforming it into a highly functional, modern trucking terminal. The site now features 54 dock doors, dedicated office space, more than 6 acres of fully fenced and secured paved truck courts and parking areas, and access points on both sides of the facility. Together, these improvements deliver exceptional functionality and support efficient, high-volume LTL operations.
Mission Critical FedEx Freight Hub
- This property serves as the 2nd largest FedEx Freight facility in Minnesota by size and the only FedEx Freight location in St. Cloud, making it a mission critical facility for the company’s LTL operations in the state. Strategically positioned to have easy access to Hwy 23 and Interstate 94, the property is well connected to serve the St. Cloud and the Minneapolis-St. Paul MSA (+/-3,750,000 residents).
Industry Leading Tenant
- In December 2024, FedEx Corporation announced its intent to separate FedEx Freight from the broader FedEx enterprise, establishing FedEx Freight as a standalone publicly traded company. The separation was completed on June 1, 2026, and is designed to enhance FedEx Freight’s operational focus and efficiency as one of the dominant players in the lessthan-truckload (LTL) industry. Operating from more than 350 locations across North America, FedEx Freight generated an industry-leading $9.4 billion in revenue in FY ’24.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$506,331.00
$42,194.25/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
A-UZ SpecialAnnexed Areas Unzoned
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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