Miscellaneous

FedEx

669 S Third Ave, Mt Vernon, NY 10550

Listing Price: $3,650,000

Cap Rate
6.50%
Tenant Name
Federal Express Corporation
Years Remaining On Lease
4.4
Gross SF
36,500
Guarantor
Corporate Guarantee
Rentable SF
36,500
Price/Gross SF
$100.00
Lease Type
Double Net
Rent Per Square Feet
$6.50

Investment Overview

FedEx Corporation (NYSE: FDX), the worlds largest commerce provider, is comprised of three major service lines. The consolidated company offers a broad range of services and solutions which link 99% of the worlds GDP. Through fiscal 2019, FedEx Corporation generated $69.6 billion in revenues, a $540 million net income, and currently boasts a market cap of $44.2 billion. The Company currently holds investment grade credit ratings by both Standard & Poors and Moodys Investor Services issuing stable outlooks with BBB and Baa1 ratings, respectively.

Investment Highlights

  • Critical Locations Off Major Interstates
  • Assumable Non-Recourse Financing
  • Long Operating History with 30+ Years of Occupancy
  • Below Market Rents

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Anthony D'Ambrosia

    Licensed Real Estate Salesperson

    (212) 430-5237

    Email Anthony

    License(s): NY: 10401263344

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    Email Cade

    License(s): NY: 10401307341

    Manhattan

Listing Price: $3,650,000

Cap Rate
6.50%
Tenant Name
Federal Express Corporation
Years Remaining On Lease
4.4
Gross SF
36,500
Guarantor
Corporate Guarantee
Rentable SF
36,500
Price/Gross SF
$100.00
Lease Type
Double Net
Rent Per Square Feet
$6.50

Investment Highlights

  • Critical Locations Off Major Interstates
  • Assumable Non-Recourse Financing
  • Long Operating History with 30+ Years of Occupancy
  • Below Market Rents

Investment Overview

FedEx Corporation (NYSE: FDX), the worlds largest commerce provider, is comprised of three major service lines. The consolidated company offers a broad range of services and solutions which link 99% of the worlds GDP. Through fiscal 2019, FedEx Corporation generated $69.6 billion in revenues, a $540 million net income, and currently boasts a market cap of $44.2 billion. The Company currently holds investment grade credit ratings by both Standard & Poors and Moodys Investor Services issuing stable outlooks with BBB and Baa1 ratings, respectively.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Anthony D'Ambrosia

    Licensed Real Estate Salesperson

    (212) 430-5237

    Email Anthony

    License(s): NY: 10401263344

    Manhattan

  • Cade N. Kearn

    Licensed Real Estate Salesperson

    Email Cade

    License(s): NY: 10401307341

    Manhattan

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