San Angelo, TX - FedEx Ground

Description:

• Federal Express Corporate (S&P: BBB) signed lease
• The tenant recently exercised their first 5-year option to extend, bringing the term remaining to 5+ years with 1 (5-year) option period to extend
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI while providing a hedge against inflation
• The property benefits from a 20-year roof warranty that commenced in March of 2020

• The subject property is located near intersection of US-277 and State Highway 306 which combine to average over 38,100 vehicles passing by daily and are major commercial arteries serving the region
• Located in the center of a primary distribution corridor with other national/credit tenants including Amazon, Frito-Lay, Ethicon, and more
• The asset is near Howard College with a student population of over 4,300 students
• Strong tenant synergy promotes crossover shopping to the subject property

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000001SVgDYAW