Property DescriptionFedEx distribution and shipping center for sale, a 57,522 sq. ft. property in the Linden Creek Business Park, near Interstates 69 and 75 with direct access to Detroit. The Property is leased to Federal Express Corporation (the Tenant), a publicly traded, investment-grade delivery services company (S&P: BBB). FedEx originally leased the property in December of 1997 and has since extended the lease twice, demonstrating their long-term commitment to the location. The Property is located less than one mile from the Bishop International Airport, which hosts FedEx, and serves as a transfer facility and FedEx Shipping Center. FedEx most recently extended the lease an additional ten years in December of 2017 and has two 5-year options to extend. This investment represents an exceptional opportunity to acquire a distribution and shipping center leased to an investment grade tenant on a long-term lease.
- Fee simple interest
- Property is leased to the Federal Express Corporation and has been since 1997
- Lease was extended in 2017 for a 10-year term and has two 5-year options to extend
- Set in Linden Creek Business Park with 1.8 million sq. ft. of warehouse distribution space that is 100% occupied
- Current owner made property improvements prior to the most recent lease extension including new water heaters, entryways, paint and flooring