Listed by Northmarq Capital, LLC, Northmarq - Nashville
$3,983,969
FedEx Ground
Details
APN 7.110-14-2
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 15,600
Units 1
Cap Rate 6.5%
NOI $258,958
Occupancy 100%
Tenancy Single
Brand/Tenant FedEx
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 04/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 1, 10-Year Option
Year Built 1969
Buildings 1
Stories 1
Lot Size (SqFt) 47,463
Parking Spaces 26 spaces
Parking per 1,000 SqFt 1.67
Lease Commencement 05/01/2021
Ground Lease Yes
FedEx Ground | Investment-Grade Credit | Tight Industrial Market | Passive Lease Structure
Marketing description
FedEx Ground leasehold opportunity in Elmsford, New York, consisting of 15,600 square feet on 1.05 acres within Westchester County’s I-287 industrial corridor. The property serves as a spillover facility for adjacent FedEx operations and offers nearly five years of base term remaining, one 10-year option, a landlord-favorable lease structure, minimal annual ground rent, approximately 36 years of remaining ground lease control and recent plus planned property improvements in a supply-constrained New York metro industrial market.
Investment highlights
- Best-In-Class, Investment-Grade Corporate Parent
- Recent & Imminent Tenant-Funded Building Improvements
- Below Market Rent
- Synergies with Adjacent FedEx Facilities
- Passive Investment Opportunity
- Leasehold Interest Offers Acquisition Discount with 100% Depreciation
- Long-Term Leasehold Control with Minimal Rent
- Supply-Constrained, Tight Industrial Market
- New York Metro Acquisition Opportunity
Listing Contacts
Listed by Northmarq Capital, LLC, Northmarq - Nashville
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$258,958.00
$21,579.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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