FedEx Ship Center

Investment Overview

FedEx (S&P BBB) Ship Center located in Cookeville, TN.

Investment Highlights

• OVER 7 YEARS REMAINING | NET-LEASED FEDEX SHIP CENTER
• MINIMAL RESPONSIBILITIES | DOUBLE NET STRUCTURE
• (2) 5-YEAR OPTIONS WITH FMV RENT INCREASES EACH OPTION
• FEDEX (S&P BBB) CORPORATE GUARANTEE
• FEE SIMPLE ASSET | DELIVERED FREE & CLEAR
• LOCATED IN TENNESSEE | INCOME TAX FREE STATE
• BRAND NEW ROOF REPLACED IN 2021
• LONG TERM OCCUPANCY | OVER 23 YEARS AT SITE
• BELOW MARKET RENTS | FEDEX PAYING $5.19 PSF
• SITUATED ON 2.57-ACRE LOT | 24,449-SQUARE FOOT BUILDING
• NO IMMEDIATE COMPETITION IN VICINITY
• COOKEVILLE TN | ONE OF THE FASTEST GROWING CITIES
• STRONG DEMOS | 51,000+ PEOPLE IN 5-MILE RADIUS
• STABLE MARKET | $60,000+ INCOME IN 5-MILE RADIUS
• RETAILERS IN IMMEDIATE VICINITY INCLUDE: WALMART, MENARD’S, FEDEX, MCDONALD’S, , BURGER KING, TACO BELL, DOLLAR GENERAL, ADVANCE AUTO PARTS, AUTOZONE, TRACTOR SUPPLY COMPANY, TIM HORTON’S, DOLLAR TREE, ETC.