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Net Lease

FedEx Ship Center

41 N Labombard Rd, Lebanon, NH 03766

Listing Price: $3,724,000

Cap Rate
7.00%
Gross SF
23,700
Price/Gross SF
$157.13
Lot Size
2.35 acres
Year Built
1990
Rentable SF
23,700

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this FedEx Ship Center located on Lombard Road in Lebanon, New Hampshire. The property is located less than one mile from Dartmouth-Hitchcock Medical Center, the largest health system in northern New England. The FedEx Ship Center is a 23,700-square-foot facility sitting on 2.35 acres. The facility was a build-to-suit in 1990 and features metal construction along with six drive-in doors. There is over one year remaining on a Triple-Net (NNN) lease, and the lease offers two, five-year options at fair market value. FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $94 billion, the company offers integrated business solutions through operating companies collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Lebanon, which includes West Lebanon, is located in Grafton County in New Hampshire situated on the Connecticut River in the heart of a pristine New Hampshire Valley. Together with Hanover, New Hampshire, and White River Junction, Vermont, Lebanon is at the center of Micropolitan Statistical Area, encompassing nearly 30 towns along the upper Connecticut River Valley. The city is approximately 60 miles from Concord, the state capital; 120 miles from Boston and 120 miles from Burlington, Vermont. As home to Dartmouth-Hitchcock Medical Center, the Norris Cotton Cancer Center, and many high-tech, well-known companies, Lebanon’s business community is dynamic and diverse.

Investment Highlights

  • Build-to-Suit for FedEx in 1990
  • Below Market Rents with an Opportunity to Raise Return at the Renewal
  • Desirable Market with Significant Barriers to Entry for New Development
  • Located Near Dartmouth-Hitchcock Medical Center (~8,000 Employees), Lebanon Airport, and Dartmouth College (~6,350 Students)
  • Dartmouth-Hitchcock is the Largest Health System in Northern New England
  • TSA Approved Site

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) NH: 077795

    New Hampshire

Financing By

Net Lease

FedEx Ship Center

Listing Price: $3,724,000

Cap Rate
7.00%
Gross SF
23,700
Price/Gross SF
$157.13
Lot Size
2.35 acres
Year Built
1990
Rentable SF
23,700

Investment Highlights

  • Build-to-Suit for FedEx in 1990
  • Below Market Rents with an Opportunity to Raise Return at the Renewal
  • Desirable Market with Significant Barriers to Entry for New Development
  • Located Near Dartmouth-Hitchcock Medical Center (~8,000 Employees), Lebanon Airport, and Dartmouth College (~6,350 Students)
  • Dartmouth-Hitchcock is the Largest Health System in Northern New England
  • TSA Approved Site

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this FedEx Ship Center located on Lombard Road in Lebanon, New Hampshire. The property is located less than one mile from Dartmouth-Hitchcock Medical Center, the largest health system in northern New England. The FedEx Ship Center is a 23,700-square-foot facility sitting on 2.35 acres. The facility was a build-to-suit in 1990 and features metal construction along with six drive-in doors. There is over one year remaining on a Triple-Net (NNN) lease, and the lease offers two, five-year options at fair market value. FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $94 billion, the company offers integrated business solutions through operating companies collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Lebanon, which includes West Lebanon, is located in Grafton County in New Hampshire situated on the Connecticut River in the heart of a pristine New Hampshire Valley. Together with Hanover, New Hampshire, and White River Junction, Vermont, Lebanon is at the center of Micropolitan Statistical Area, encompassing nearly 30 towns along the upper Connecticut River Valley. The city is approximately 60 miles from Concord, the state capital; 120 miles from Boston and 120 miles from Burlington, Vermont. As home to Dartmouth-Hitchcock Medical Center, the Norris Cotton Cancer Center, and many high-tech, well-known companies, Lebanon’s business community is dynamic and diverse.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): NH: 077795

    New Hampshire

Financing By

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