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DOM: 126 Updated: 07.09.24 Posted: 01.10.24 Status: Sold 05.15.24

Summary

Price $3,368,237
Built/Renov 2014
Tenant FedEx Ground
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 24,089
Lease Start 06-30-2014
#Units 2,150
Price/SF $139.82
Expiration 06-30-2029
Tenant Type Industrial
NOI $227,356
R. Term 4.2
Ownership Fee Simple
Rent/SF $9.44
Increases 7.5%/5/yrs
Pop 5Mi 20,312
Lot/AC 9.97
Options 1/5yrs/7.5%
AHHI 5Mi $63,852

Lease Highlights

  • FedEx has 5+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and 7.5% at the start of the remaining option
  • Corporate guarantee | Investment grade tenant

Location Description

FedEx Ground is strategically located on Commerce Drive, with access to 11,233 vehicles. The property's location is conveniently proximate to vital thoroughfares, including Arkansas Route 7 and U.S. Route 167 (9,504 VPD). Within a 5-mile radius, the area is home to well-known national tenants such as Hobby Lobby, Walgreens, Dairy Queen, Dollar Tree, and more. The 5-mile trade area is supported...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: FedEx Express
  • Guarantor:Corp T and Rated
  • Company:FedEx Corporation
  • # Units:2,150
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: FDX

About Tenant

FedEx Express is the world’s largest express transportation company and one of the world’s largest airlines in terms of fleet size and freight tons flown, operating more than 720 aircraft. It is...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 84 10,236 19,645
2023 Total Population : 86 10,621 20,312
2023 Employed Civilian Pop : 30 4,119 7,914
2023 Total Businesses : 14 906 1,206
2023 Average Household Income : $ 70,762 $ 62,630 $ 63,852
2023 Total Consumer Spending : $ 2 M $ 247 M $ 477 M
2023 Median Age : 43 41 41
2023 Total Households : 39 4,431 8,379
2023 Pop Age 25+: Bachelor's Degree : 6 907 1,673
2023 Average Home Value : $ 113,636 $ 165,452 $ 163,524
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Champagnolle Rd Hwy 167 2017 440 0.09 mi
167 US Hwy 167 2021 430 0.27 mi
CHAMPAGNOLLERD 2021 440 0.29 mi
167 US Hwy 167 2021 400 0.31 mi
167 US Hwy 167 2021 1,900 0.45 mi
167 US Hwy 167 2021 1,800 0.52 mi
Champagnolle Road Hwy 167 2021 3,900 0.70 mi
US 167;AR 7 Champagnolle Rd 2021 9,000 0.78 mi
US 167;AR 7 N Ripley Rd 2021 12,000 1.01 mi
N Quaker Ave N Mlk Blvd 2015 2,000 1.20 mi

Listing Broker

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