Map of Property

FedEx Ground

1755 15th Street Southwest, Mason City, IA 50401

  • For Sale $5,481,480
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 43,038 SF
  • Lot Size 5.1 Acre
  • Property Tenancy Single Tenant
  • Year Built 2003
  • Date Updated Mar 5, 2024
  • HVAC None
Mason City has a very diverse employment base covering multiple sectors of the economy including Manufacturing, Health, Financial Services, Technology and Education, with no one sector or employer dominating the market. The largest employer is MercyOne North Iowa Medical Center, formerly known as Mercy Medical Center-North Iowa, and before that as St. Joseph Mercy Hospital, is the region’s largest hospital. The facility serves 14 counties across northern Iowa. In June 2019, the hospital opened a new $10.6 million behavioral center. The new center will help MercyOne to increase the number of behavioral health-care services it can offer to those in the community it serves who are struggling with mental illness and substance abuse issues. MercyOne to open $10.6 million behavioral center.The subject property is a 43,039 square foot building, leased to FedEx Ground on a net lease. The recently extended lease expires in August 2029 and comes with two, 5 year option periods. The lease is corporately guaranteed. The asset is well located in Mason City, Iowa with easy access to US-18.

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Highlights

  • FedEx Ground Net Leased Offering
  • Minimal Landlord Obligations
  • 100% Fee Simple Interest
  • Recent Lease Extension Shows Commitment to the Location
  • S&P Rated BBB Investment Grade Credit
  • Corporate Guaranty
  • Easy Access to US-18

Contacts

broker

Jeff Bracco

The Kase Group

(510) 388-4438

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent

  • Transit Score ®

    9/100 Minimal Transit

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Mason City, IA
  • Neighborhood Mason City
  • Zip Code 50401

Points of Interest

  • Yesway

    0.87 miles

  • Kwik Star

    0.91 miles

  • Kum & Go

    1.40 miles

  • Yesway

    3.00 miles

  • Hy-Vee Gas

    3.04 miles

  • Kwik Star

    6.09 miles

  • Kum & Go

    6.27 miles

  • Pilot

    6.58 miles

  • Kum & Go

    6.64 miles

  • Casey's General Store

    6.68 miles

  • Metalcraft Parking Lot

    1.22 miles

  • McDonald's

    0.78 miles

  • KFC

    0.80 miles

  • Pizza Hut

    0.80 miles

  • Perkins

    0.82 miles

  • Villiage Court

    0.83 miles

  • Burger King

    0.88 miles

  • Pizza Ranch

    0.94 miles

  • Subway

    0.96 miles

  • Rib Crib

    1.08 miles

  • Las Palmas

    1.19 miles

  • Willowbrook Mall

    0.74 miles

  • Kmart

    0.92 miles

  • Hy-Vee

    0.96 miles

  • Hy-Vee

    1.06 miles

  • ALDI

    1.27 miles

  • TJ Maxx

    1.46 miles

  • Target

    1.54 miles

  • Younker's

    1.74 miles

  • Walmart Supercenter

    1.79 miles

  • Fareway

    1.96 miles

  • Hy-Vee Pharmacy

    0.94 miles

  • Hy-Vee Pharmacy

    1.06 miles

  • Forest Park Clinic

    1.08 miles

  • MercyOne North Iowa Medical Center

    1.10 miles

  • MercyOne North Iowa Cancer Center

    1.12 miles

  • Mason City Clinic

    1.13 miles

  • Mason City Surgery Center

    1.16 miles

  • Mason City Fire Department

    1.35 miles

  • Mason City Police Department

    1.92 miles

  • North Iowa Mercy Health Center - West Campus

    2.17 miles

Frequently Asked Questions

What is the lease rate for FedEx Ground?

Rental asking rate at FedEx Ground is $2,740,740.00/YR.

What is the total square footage of FedEx Ground?

FedEx Ground totals 43,038 square feet.

When was this property built?

FedEx Ground was built in 2003.

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Contact Listing Broker

broker

Jeff Bracco

The Kase Group

(510) 388-4438