FedEx Ground Investment Sale
- NNN Leased FedEx Ground Facility
- FedEx Corporation (NYSE: FDX)
- Base Rent: $535,605/Year
- Over $120,000/year in additional rent during the initial term of the lease for tenant improvements
- 5 year initial term with 2 – 2 year renewals
- Lessor responsible for parking lot, roof, and building structure. Lessee responsible for everything else.
FedEx Ground NNN leased facility. FedEx Ground executed a 5 year lease which commenced on November 2020 and has two – two year renewal options.
The subject property was originally constructed in 1988 with additions to the warehouse in 1994, 96, 97, 00, & 08. The east 57,000 SF of the building had a new rubber membrane roof with a 20 year warranty installed in November 2020. The property sits on 10.69 acres of ground and has a total of 153,030 SF (+-21,000 SF Office & +-132,000 SF Warehouse). The building has a rubber membrane roof, 21 dock doors, two overhead doors (10’W x 12’H & 12’W x 14’H), ceiling height in warehouse of 23′ to deck with 21′ clear height, column spans of 29’6″ & 39′, parking lot is a combination of asphalt and concrete surfaces and has 265 parking spaces. The building is fully sprinkled (wet system) with separate fire pump room, warehouse has large 4′-5′ fans mounted on the ceiling for air circulation, combination of radiant and forced air heat in the warehouse, high-bay LED motion sensor lighting, separate trucker entrance equipped with lounge and restroom. The building has 3-phase 1,200 & 800 amp, 208 volt electrical service. Parking lot lighting was upgraded to LED in 2020. The office portion of the building has two levels (no elevator). The second floor has +-6,200 SF and the remaining +-14,800 SF is on the first floor.
The office space consists of a large dedicated server room, training room, conference rooms, kitchen area, open work space, large offices, and inviting reception area.
Subject property is located in west Champaign and just north of the intersection of Springfield Avenue (Route 10) and Staley Road. The property has access to Interstate 57/72/74 within five minutes from site.