FedEx Freight
Industrial | 5.75% CAP | 20,200 SqFt
Marketing description
Located at 217 East View Drive in Mount Pleasant, Pennsylvania, this 20,200 SF industrial facility sits on a 9-acre parcel. The site was expanded, and the lease was extended in 2016 to support the growing volume needs of FedEx Freight. The lease was extended again in 2026, showing commitment to the location. With 56 dock doors and an 18-foot clear height, it is designed for optimal operational efficiency. The property features a durable metal construction, a standing seam metal roof and ESFR sprinklers. The landlord is responsible for roof and structure maintenance ensuring a stable, low maintenance cost investment. FedEx assumes responsibility for taxes, insurance and utilities.
Offered at $8,674,013, this property generates a Net Operating Income (NOI) of $498,756, reflecting a 5.75% cap rate. FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment's security. The lease includes a 5% rent increase in 5/7/2030 to $523,695. Additionally, there is a 5% rent increase in May 2035 to $577,372.
Investment highlights
- Strategic position along key transportation corridors, I-70 and US-119, offering convenient access to the Pittsburgh metro area and regional distribution hubs
- Ideally situated within an established industrial community, surrounded by reputable tenants such as Philips Respironics and Coca-Cola
- Originally constructed in 2001 and expanded in 2016, equipped with 56 dock doors, a standing seam metal roof, and ESFR sprinklers
- Tenant responsibilities for taxes, insurance, and utilities further streamline operations, adding to the facility's long-term investment potential
- FedEx Corporation (NYSE: FDX, S&P: BBB-) provides a strong credit guarantee, enhancing the investment's security
- Lease includes a 5% rent increase in 5/7/2030 to $523,695 and 5% rent increase in May 2035 to $577,372
- Landlord is responsible for roof and structure maintenance ensuring a stable, low maintenance cost investment
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