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Office Supply

FedEx Office

3200 S Louise Ave, Sioux Falls, SD 57106

Listing Price: $2,250,000

Cap Rate
6.02%
Tenant Name
FedEx Office
Years Remaining On Lease
2.8
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$409.09
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.64

Investment Overview

The subject property is a 5,500-square-foot building on 0.68 acres in Sioux Falls, South Dakota. The investment was originally a build-to-suit for Kinko's who was eventually acquired by FedEx in 2004. The property is a triple-net investment leased to FedEx Office until 2025 and has been at the current location for over 20 years.

Investment Highlights

  • Corporate Guaranteed Lease from FedEx Corp (NYSE - FDX)
  • 22 Years of Operating History
  • Located in Major Retail Trade Area and Across from Walmart Supercenter
  • 12.5% Rental Increase in Option

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Office Supply

FedEx Office

Listing Price: $2,250,000

Cap Rate
6.02%
Tenant Name
FedEx Office
Years Remaining On Lease
2.8
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$409.09
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.64

Investment Highlights

  • Corporate Guaranteed Lease from FedEx Corp (NYSE - FDX)
  • 22 Years of Operating History
  • Located in Major Retail Trade Area and Across from Walmart Supercenter
  • 12.5% Rental Increase in Option

Investment Overview

The subject property is a 5,500-square-foot building on 0.68 acres in Sioux Falls, South Dakota. The investment was originally a build-to-suit for Kinko's who was eventually acquired by FedEx in 2004. The property is a triple-net investment leased to FedEx Office until 2025 and has been at the current location for over 20 years.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

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