Listed by Matthews
$1,536,000
FedEx Freight - Plover, WI
Details
APN 173-23-0829-01.01
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 12,250
Net Rentable (SqFt) 12,250
Cap Rate 7.5%
NOI $115,200
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NNN
Lease Expiration 12/29/2029
Remaining Term 3.6
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $125
Broker Co-Op Yes
Year Built 1999
Buildings 1
Acreage 5.470
Zoning M1
Investment Type Net Lease
Tenant Credit Credit Rated
Occupancy Date 01/01/2000
Ground Lease No
Dock High Doors 23
7.50% Cap | CPI Based Increases | Long-Term Operating History
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 FedEx Freight’s only location in the Wausau-Stevens Point-Wisconsin Rapids CSA (±280,000 residents).
The ±12,250 SF building sits on ±5.47 AC and comes equipped with 24 total doors.
The site recently received a comprehensive LED lighting upgrade in September 2025.
FedEx Freight has an operating history of over 20 years at this specific location.
Investment highlights
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 is expected to be completed in 2026 and is designed to enhance FedEx Freight’s operational focus and efficiency as one of the dominant players in the less-than-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.
Strategic FedEx Freight Hub
- This property serves as FedEx Freight’s only location in the Wausau-Stevens Point-Wisconsin Rapids CSA (±280,000 residents) making it a mission-critical hub for the company’s LTL operations throughout central Wisconsin. Positioned directly off Hwy 54, the site provides seamless connectivity to Interstate 39 and Hwy 10, connecting central Wisconsin to major population centers such as Madison, Eau Claire and Appleton.
Recently Upgraded Facility / Long Term Operating History
- The ±12,250 SF building sits on ±5.47 acres (±5.14% Coverage), features 24 total doors, and received a comprehensive LED lighting upgrade in September 2025 to enhance operational efficiency. FedEx Freight has a longstanding operating history of over 20 years at the facility, demonstrating their commitment to the location.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,200.00
$9,600.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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