Safford, AZ - FedEx Ground

Description:

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest in a NNN leased, freestanding, investment-grade, FedEx Ground investment property located in Safford, AZ. The tenant, FedEx Ground Package System, Inc., recently exercised their first of 2 options, providing firm term through May 2030. The lease features scheduled rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NYSE: FDX | S&P: BBB) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1971, FedEx is among the largest global logistic companies with a direct focus in shipping, transportation, and supply chain solutions.

FedEx is strategically located near Thatcher Boulevard, Safford’s primary retail corridor, with an average of 22,600 vehicles passing by daily. Thatcher Boulevard, along with nearby U.S. Highway 191 (10,869 VPD), are major commuter routes that provide convenient transportation routes to and from the property. The asset is ideally situated within a dense retail trade area and is adjacent to Mt. Graham Shopping Center (109K+ SF) and Gila Valley Shopping Center (143K+ SF). The surrounding tenants consist of Walmart Supercenter, Safeway, Home Depot, Big 5 Sporting Goods, Harbor Freight, and others. The strong tenant presence drives a steady stream of loyal, local consumers, promoting crossover exposure and contributing to the local economy. The property is also near numerous single-family communities and multi-family complexes including Madrean Vista (80 units), 8th Street Apartments (90 units), The Revival (90 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 22,300 residents and 10,900 daytime employees, with a healthy average household income of $79,313.