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29707487

5035 Morton Dr, East Moline, IL 61244 For Sale

AG
IL 475156024
Newmark | Chicago - 500 West Monroe St.
Listed by Newmark | Chicago - 500 West Monroe St.
$22,507,000
156 days on market
Updated 85 days ago

FedEx Freight - East Moline, IL

Details
Property Type Industrial
Sub Type Distribution
Square Footage 130,338
Cap Rate 6%
NOI $1,350,405
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type NN
Lease Term 27
Lease Expiration 05/30/2035
Remaining Term 8.9
Rent Bumps Yes
Lease Options 2 (5-Year)
Price per SqFt $173
Class A
Year Built 2008
Acreage 65.127
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/22/2008
Ownership Fee Simple (Land & Building)
Sale Condition For sale by owner

FedEx Freight | Over $5.5M in Significant FedEx Capital Improvements

Investment highlights

  • Corporately Guaranteed FedEx Freight Location | (NYSE: FDX - S&P: BBB) | $90.09 Billion & $10.85 Billion in Trailing 12-Month Revenue & EBITDA | FedEx Ranked #40 on Companiesmartketcap.com’s List of America’s Largest Public Companies by Revenue

  • One of the Largest FedEx Freight Facilities in the U.S. | Major FedEx Capital Contributions | Over $5.7M Invested in Strategic Upgrades between 2022-2026

  • Recent 12-Year Extension | 9.5 Years of Firm Term Remaining | 2 (5-Year) Option Remaining with Fixed Rental Increases in Jun-2028 & Jun-2033 | Passive NN Lease with Landlord Responsibilities Limited to Roof & Structure

  • Dynamic Quad Cities Location | Regional Manufacturing Hub in Northwest Illinois along the Mississippi River | 1-Day Drive to Major

    Midwest US Metros | 145 Miles to Chicago, IL

Listing Contacts

AG
IL 475156024
Newmark | Chicago - 500 West Monroe St.
Listed by Newmark | Chicago - 500 West Monroe St.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,350,405.00
$112,533.75/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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