FedEx Rochester

PROPERTY SUMMARY Price: $15,710,000 PSF: $226 NOI: $864,050 Cap: 5.75% Summary: Lee & Associates are pleased to exclusively offer for sale the Leasehold interest (building only) in a FedEx Express investment property located on the International Rochester Airport in Rochester, MN (the “Property”). Built in 1999 for Federal Express, the property consists of approximately 66,525-square-foot building that sits on an airport owned parcel of approximately 8.71 acre parcel. The building features (18) loading doors and (6) dock level doors and expansive parking at this mission critical FedEx facility. The lease is guaranteed by Federal Express Corporation (Standard & Poor’s “BBB” Bond Credit Rating), the world’s largest express transportation company providing a board portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively under the FedEx brand. Headquartered in Memphis, TN, FedEx ships to more than 200 countries and territories using air, ground and sea networks to link more than 99% of the world’s GDP. In 2021, FedEx reported revenues of over $83 Billion. Highlights: • Lease Guaranty from FedEx Corporation (NYSE: FDX) • S&P “BBB” Bond Investment Grade Credit Rating Globally Recognized Tenant ($60B Net Worth) • Mission Critical Location – Direct Access to Runway at Rochester International Airport (RST) • Recent Early 10-Year Renewal • Successful 20+ Year Operating History • Expansion Capability • Build To Suit Construction • Large Parcel with Drive-Around Truck Access • Expansive Loading Capacity & Parking and Direct Access to Runway on Airport • Located on Rochester International Airport ***CONTACT LISTING BROKERS FOR MORE INFORMATION***